International Persons Landholding (Amendment to Schedule) Order, 2007 (S.I. No. 61 of 2007)

EXTRAORDINARY OFFTCTATj GAZETTE THE BAHAMAS PUBLISHED BY AUTHORITY NASSAU 2nd October, 2007 OFFICE OF THE GOVERNOR-GENERAL S.I. No. 61 of2007 THE INTERNATIONAL PERSONS LANDHOLDING ACT (CHAPTER 140) THE INTERNATIONAL PERSONS LANDHOLDING ACT (AMENDMENT TO SCHEDULE) ORDER, 2007 Citation and commence ment. Amend ment to Schedule. The Governor-General, in exercise of the powers conferred by section 13 of the International Persons Landholding Act makes the following Order 1. ( 1) This Order may be cited as the International Persons Landholding Act (Amendment to Schedule) Order, 2007. (2) This Order shall come into force on the 1st January, 2008. 2. The Schedule to the International Land holding Act is amended in the following respects (a) by the deletion of Form 1 and Form 3 and the substitution of the following FORt'\11 APPLICATION FOR CERTIFICATE OF REGISTRATION To: Secretary to the Board Investments Board P.O. Box CB-10980 Nassau, The Bahamas Full Name of Applicant{s): Residential/Registered Address of Applicant(s): Date of Birth: Place of Birth: ------~ Dd/mm/yr: Nationality of Applicant(s) 1: Occupation: Bahamas Immigration Status (if any) ( ) Permanent Residence ( ) Residence Spouse ( ) Annual Residence ( ) Other Description and location of property held/to be acquired by the Applicant (exact size, i.e. acreage or dimensions, site plan) Condition of Property: ( ) Developed Intended use of property being acquired: ( ) Work Permit ( ) Undeveloped A list of properties (if any) in The Bahamas presently held hy the Applicant(s) (Provide conditions of property - state whether vacant (size) or developed) 2 Name, Address, Nationality of Vendor or (Beneficial Owners of Vendor Company) Purchase price and state how funded and whether by local or foreign source (Y11luJU1/heremmlicable) Purpose for which property is being or to be used - where land is to be used for development purposes, state the nature and extent of the development, the period of time within which such will be carried out and how the cost thereof will be funded Signature of Applicant or His Attorney In the case of a foreign person who is a body corporate state the amount of shares or stock issued, the respective nationality of the beneficial owners thereof and the liens existing against such shares or stock on a separate sheet. Where needed further dt:tails may be: submiltt:d on an attached sheet and signed. 3 THE INTERNATIONAL PERSONS LANDHOLDING ACT CH. 140 REQUIREMENTS FOR CERTIFICATE OF REGISTRATION Applicants wishing to apply for a Certificate of Registration are required to complete the whole form overleaf and submit along with the following: Note: (A) Copy of National Photo Identification (Passport, National Identification Card, Social Security Card or Driver's Licence, etc.) (B) Written confirmation that due diligence has been completed to meet "Know Your Customer" requirements, pursuant to the Financial Transactions Reporting Act, 2000. (C) (D) (E) (F) (G) (H) (I) (J) (K) Police Record/Certificate from Country of Residence or Sworn Affidavit where applicable Copy of site plan of land being acquired/purchased (please include size) Bahamas Immigration Status Real Property Tax Assessment Number Evidence of Payment of Real Property Tax (must be current) If applicant is a Bahamian Registered Company a copy of Certificate of Incorporation/Registration is required Financial Reference Source of Wealth (If self employed, state in which field and provide proof thereof) Copy of relevant conveyance evidencing payment of Stamp Duty thereon In respect of Companies, due diligence documents are required for each of the beneficial owners. Properties valued under $10,000 do not require due diligence. Fee of $250.00 payable to the Public Treasury upon approval of application. 4 FOR OFFICIAL USE ONLY ( ) Copies of Photo Identification () Copy of Prdbfof Immigration Status () Police Record/Certificate () Evidence of payment of Real Property Tax ( ) Copy of Site Plan () Source of Wealth ( ) Financial and Character References ( ) Copy of Certificate of Incorporation/Registration in The Bahamas on Behalf of Applicant Company 5 FORM3 APPLICATION FOR PERMIT To: Secretary to the Board Investments Board P.O. Box CB-10980 Nassau, The Bahamas Full Name of Applicant(s): Residential/Registered Address of Applicant(s): Date of Birth: Place of Birth: Dd/mm/yr: Nationality of Applicant(s)1: Occupation: Bahamas Immigration Status (if any) ( ) Permanent Residence ( ) Residence Spouse ( ) Annual Residence ( ) Other Description and location of property held/to be acquired by the Applicant (exact size, i.e. acreage or dimensions, site plan) Condition of Property: ( ) Developed Intended use of property being acquired: ( ) Work Permit ( ) Undeveloped A list of properties (if any) in The Bahamas presently held by the Applicant(s) (Provide conditions of property- state whether vacant (size) or developed) 6 Name. Address. Nationality of Vendor or (Beneficial Owners of Vendor Company} Purchase price and state how funded and whether by local or foreign source (Value where applicable) Purpose for which property is being or to be used ~ where land is to be used for development purposes, state the nature and extent of the development, the period of time within which such will be carrie<l ont :md how the cost thereof will be fonded Signature uf Applicant or I-Iis. AJtor,ney In the case of a foreign person who is a body corporate state the amount of shares or stock issued, the respective nationality of the beneficial owners thereof and the liens existing against such shares or stock on a separate sheet. Where needecf further details may be submitted on an attached sheet and signed. 7 THE INTERNATIONAL PERSONS LANDHOLDING ACT CH. 140 REQUIREMENTS FOR PERMIT Applicants wishing to apply for a Permit are required to complete the whole form overleaf and submit along with the following: (A) Copy of National Photo Identification (Passport, National Identification Card, Social Security Card or Driver's Licence, etc.) (B) Written confirmation that due diligence has been completed to meet "Know Your Customer" requirements, pursuant to the Financial Transactions Reporting Act, 2000. (C) Police RecordiCertificate from Country of Residence or Sworn Affidavit where applicable (D) Copy of site plan of land being acquired/purchased (please include size) (E) Bahamas Immigration Status (F) Real Property Tax Assessment Number (G) Evidence of Payment of Real Property Tax (must be current) (H) If applicant is a Bahamian Registered Company a copy of Certificate of Incorporation/Registration is required (I) Financial Reference (J) Source of Wealth (If self employed, state in which field and provide proof thereof) (K) Copy of relevant conveyance evidencing payment of Stamp Duty thereon In respect of Companies, dut: diligt:m;e documents are required for each of the beneficial owners. Properties valued under $10,000 do not require due diligence. Fee of$500.00 payable to the Public Treasury. 8 FOR OFFICIAL USE ONLY () Copies of Photo Identification () Copy of Proof of Immigration Status () Police Record/Certificate () Evidence of payment of Real Property Tax ( ) Copy of Site Plan () Source of Wealth ( ) Financial and Character References ( ) Copy of Certificate of Incorporation/Registration in The Bahamas on Behalf of Applicant Company 9 (b) by the deletion of Part B of the Schedule and the substitution of the following "FEES (PART B) Fee for certificate ofregistration ................................................ $250.00 Fee for permit .............................................................................. $500.00 Fee for home owner's annual resident card ............................... $250.00" Made this 2ih day of September, 2007. Signed ARTHUR D. HANNA Governor-General 10