Being registered as a Homeowner allows you to enter the Bahamas without a return or onward flight ticket/reservation. The application is fairly straightforward and requires a $200 fee for each applicant, plus a $10 stamp, available at the Bight Post Office. The form must be notarized as well, as there are several notaries on the island. Once approved there is a $250 annual issuance fee required, and they can offer up to 3 years of approval at a time. For a husband and wife the total cost is $420 for applying and $750 for three years of issued approval, as only one person has to pay the issuance fee and the other is listed as a dependent.
Bahamas Immigration – Homeowners Card