12 acre Yatu Baku Yatu Baku Bonaire, Bonaire, Netherlands Antilles

Yatu Baku - Brilliant Location

To the West of the Nieuw Amsterdam interior of Bonaire island lies over 12 acres of land measuring a total of 50.000 square meters and bounding on the Yatu Baku 74 acre estate.

The land is in a perfect location for tourism, just 2 miles from Kralendijk, the capital city of Bonaire. It is also 2 miles to the coast, which is ranked second best SCUBA diving in the world and hosts the IFCA and PWA World Championship windsurfing and World Championship kiteboarding at Lac Bay.

Offers reasonably close to the asking price are sought for this outstandingly well located property. There are no building or development restrictions on the property and it is pre-approved for development, with permits in place for any new owner.

The land is completely flat and perfect for construction, and has a huge potential due to it's perfect location.

Bonaire, Netherlands Antilles

Bonaire is to become an overseas province of the Netherlands by 2011. The economy will blossom as many Europeans especially Dutch will have great access to Bonaire for vacations, investment, retirement and entrepreneurship. Netherlands Parliament has approved a 1 Billion Euro infrastructure development plan over the next 10 years. Netherlands government project that Bonaire will become the premiere destination within the Dutch Caribbean within the next 5-10 years.

Land Transfer Taxes/ Incentive Taxes

There will be no transfer tax to be paid to the government for the purchase of this property. Also, no notary fees. The property is owned by an offshore company registered in Panama. The sale of the company owns the property as the holder of the Shares will own the Company. This makes it very interesting indeed for any developer because it also gives him a tax shelter in an offshore company. The Government is also revising the tax system where there will be a moratorium on profit tax and they will introduce various incentives to encourage development of projects during the coming 5 years. They have also design a flat tax to replace the sales and income tax