At K. M. Gibson & Company Law Chambers, we understand that legal matters can be complex, especially for international clients. Below are some of the most frequently asked questions about our services and legal processes in The Bahamas.
General Questions
1. Where is K. M. Gibson & Company Law Chambers located?
We are based in Nassau, The Bahamas, and serve clients both locally and internationally.
2. Do you provide legal services for international clients?
Yes! We frequently assist foreign investors, businesses, and individuals with legal matters in The Bahamas, including real estate transactions, corporate structuring, estate planning, and litigation.
3. How do I schedule a consultation?
You can schedule a consultation by emailing us at kgibson@kmgibsonlaw.com or calling our office. Virtual consultations are available for international clients.
4. What are the legal requirements for hiring a law firm in The Bahamas?
You do not need to be physically present to retain our services. We can handle most matters remotely and will guide you through any documentation, notarization, and verification processes.
Business & Corporate Law
5. Can a foreigner open a business in The Bahamas?
Yes, but certain industries are reserved for Bahamians. Foreign investors may require approval from the Bahamas Investment Authority (BIA) for certain business activities. We can assist with the incorporation process, licensing, and compliance requirements.
6. What type of business structures are available in The Bahamas?
The main types of business entities include:
• Sole Proprietorship
• Partnership
• Limited Liability Company (LLC)
• International Business Company (IBC)
• Public and Private Companies
We can advise you on the best structure based on your business goals.
Real Estate & Property Law
7. Can foreigners buy property in The Bahamas?
Yes! Non-Bahamians can freely purchase property in The Bahamas. However, transactions involving more than two acres or properties intended for commercial use require government approval.
8. What are the costs involved in purchasing real estate in The Bahamas?
Typical costs include:
• Stamp Duty (VAT) – 2.5% to 10% depending on property value
• Legal Fees – Usually 2.5% of the purchase price
• Real Estate Commission – Between 5% and 6% (if applicable)
• Government Approval Fees (for large purchases)
9. Do I need to be in The Bahamas to close a real estate transaction?
No, transactions can be completed remotely using a Power of Attorney. We can facilitate the entire process and ensure legal compliance.
Land Use & Zoning
10. How can I obtain a permit for land development or construction in The Bahamas?
You will need approval from the Department of Physical Planning, and in some cases, the Town Planning Committee. We assist with zoning applications, environmental approvals, and regulatory compliance.
Litigation & Dispute Resolution
11. What types of cases does your firm handle in litigation?
We specialize in commercial and civil litigation, including:
• Contract disputes
• Real estate litigation
• Business disputes
• Tax assessment appeals
• Employment matters
12. Can a foreign company sue or be sued in The Bahamas?
Yes. Foreign companies can initiate or defend legal actions in The Bahamas. We provide legal representation for businesses and individuals involved in disputes.
Estate Planning & Probate
13. Do I need a Bahamian will if I own property in The Bahamas?
Yes, it is recommended to have a Bahamas-specific will to ensure that your assets are properly distributed according to Bahamian law.
14. What happens if someone passes away without a will in The Bahamas?
If someone dies intestate (without a will), Bahamian law dictates how assets will be distributed. The Supreme Court of The Bahamas will appoint an administrator to manage the estate.
Not-for-Profit Organizations
15. How do I register a nonprofit organization in The Bahamas?
Nonprofit organizations must be registered as a company limited by guarantee and comply with the Registrar General’s Department and the Non-Profit Organizations Act. We provide full legal support in the registration and compliance process.
Real Estate Tax Assessment Litigation
16. Can I dispute my property tax assessment?
Yes! If you believe your property is over-assessed, we can file an appeal with the Department of Inland Revenue to seek a fair valuation and possible reduction in your tax liability.
International Clients & Remote Legal Services
17. Can I work with your firm remotely from overseas?
Yes, we handle legal matters for international clients via email, video calls, and secure document exchanges.
18. Do documents from my country need to be notarized for use in The Bahamas?
Yes, foreign documents often require notarization and apostille certification. We will guide you on the necessary steps for legalizing documents.
19. How can I make international payments for legal services?
We accept wire transfers and other secure payment methods for international clients.
At K. M. Gibson & Company Law Chambers, we are committed to providing expert legal solutions tailored to your needs. If you have further questions, feel free to contact us today!
