[0:00] Thank you for joining today's training. Today we will be going over how to submit an IPLA permit. To access the IPLA permit you can either log in to the Bahamas government portal and select the link under other sites for the Bahamas Investment Portal. Or you can log in directly to the Bahamas Investment Portal using the link here and logging in when prompted.
[0:43] Please note to be able to log in to either of these sites you will need to be able to register once you're registered you will have access. That process will be provided in another training video. Now that we are at the Bahamas Investment Portal you will see that we have three main sections, my tasks, applications and available forms.
[1:14] Today we're going to focus on this section. More specifically we're going to focus on application for permit. By selecting this link we will be opening up a new permit application.
[1:49] Now that we have the permit application open you can see that your organization's information is exhibited here and your username is here. Please note that as you move forward areas that have an asterisk next to the title are required and you will not be able to submit your application if asterisk fields are left blank. You'll see more about how this impacts the application as we move forward through this process but I wanted to note it now so that you can keep in mind as we move forward.
[2:29] When selecting a different the two types of investors you have company or individual. If you select an individual new fields will populate. The same will happen if you select company. As you can see here the different types of fields that populate change depending on which one you select.
[3:00] For today's example we are going to continue forward with the company. Note that all of the information that will be provided is fake information for this demo. Today we're going to say our company is fake company for a permit. We're going to say that the company was incorporated today.
[3:36] The fake street address we're going to use is Main Street. City is Nassau. The island is new Providence. In area code, a postal code is not required. Now we need to add all company beneficial owners.
[4:07] If you have more than one beneficial owner all you need to do is select the green button at the bottom to add another person. This can be done as many times as needed. Please note if you accidentally select this button all you need to do is press the X mark to delete the section. Let's move forward. The fake passport ID we're going to use is 111-222.
[4:40] We're going to say that the beneficial owner is Nina Demo. Last name is Test. We're going to say that the street address or the street number is 112-233. We're going to make up a street address. The postal code is 111-114-13.
[5:20] I'm going to say I'm from the United States since that's actually true. Nationality and the birthday. Now please note when selecting a birthday there are two options. You can either use these buttons here to click back and find your birthday.
[5:51] As you can see as we click black you have more options for further dates. Or you can simply write a date in. First place I'm going to select those United States. Now if you're self-employed you'll have yes in the nature of business or no.
[6:25] And you'll be able to write your occupation. For today's example we're going to say no. We're going to say Demo and the company is test company Demo. Now the immigration status. Now if you write that your immigration status is done that's okay.
[6:57] But note that if you do say that you have a different immigration status you will need to provide documentation later on in the attachment section. So for today's example we're going to say I'm a home owner resident. And the fake email we're going to provide is me at.
[7:29] I like them all better. Now for the phone number please note that you must have plus in your country code or zero zero. So we're going to say plus one eight five zero six five six eight three zero zero. Now I don't need to add another person but just a reminder if you did all you need to do is select that button and to remove them press X.
[8:03] Now we're in a new section which is called property information. The question says do you or your company own or have you slash your company previously owned properties in the Bahamas. If the answer is yes you'll need to complete the information provided. And if you've owned more than one property again you'll be able to select this button to populate additional fields to list all the previous properties.
[8:36] If you have not owned a property in the Bahamas press no and you'll be able to move on to the next section. New property information then tend to use of our fake property today is going to be private and the condition is developed. Now as you can see here once we select the condition more fields populate now if we change this to undeveloped property size goes from not required to required.
[9:10] Please make sure you're mindful of this as you move forward. I want to say the unit is one street name mean street again. Island provenance lot if you know the information great as you can see it's not required. Now subdivision slash settlement this is from agreement for sale. If at any point during this document completion process you need to go and look for another document or you need to take a break.
[9:47] We have this handy button that says save and continue. We'll go more into that later but I wanted to make sure that you're aware that this is available for you. So I'm just going to write settlement and the property size is just going to be up and crazy.
[10:25] So a small place now property legal description from agreement for sales again additional information that you will need to have ready before filling this out and if not press save and continue. So we're going to say property legal description.
[11:13] Apparently having issues writing today property legal description now that this is written we can move forward but let's say. I do need to go look up information cut this out and I'm going to go save it. Oh no I accidentally dendly press the submit button what happens. Nothing we're good to go all it's going to do is highlight all the missing required fields that are exhibited above and you won't be able to continue forward.
[11:46] So don't worry if you accidentally press the wrong button regards to submitting. If there's missing fields then you won't be able to move forward. Do note though if you close out of this application without saving and continuing without pressing the save and continue button you will need to restart this application process from the beginning. We'll finally convey and stay we'll just say it's the day state and we'll say it's one and the purchase information section.
[12:37] I want to say this is 111 the mortgage local and foreign that receipt number vendor liked other section previously seen depending on which section. Sorry depending on which type of vendor you select different information will populate for today's example we're going to pretend that we are a company.
[13:14] So our pretend company is going to be. Fate company. And we'll use the same street information.
[14:02] And country again. Great now that all of these are completed we'll move on to each vendor beneficial owner again we're going to write this is a fake information.
[14:32] And I'm just going to use tell has again because I like their football team. And we're going to say that this is vendor fake at CDC.
[15:05] And again for we did the plus now we're going to do zero zero nature business will save this time self employed. Again, out of person you can. Now I think I've had enough for this we're going to instead see what happens.
[15:42] What if I wanted to take a break and come back to get more documents as you can see all the documents are still missing and we've done a good bit of this application. Why don't you lose it so what am I going to do I'm going to press save and continue. Great. Once this is saved we'll be brought back to the home page.
[16:26] Great now that we're back to the home page you can see you can see that in application sections and my tasks are areas we haven't talked about. Right now my task is something that we'll discuss in another video but applications this will be important for how we get back to the application that we are just working on.
[16:59] We weren't working on a certificate so we'll ignore that tab but we were working on a permit. Let's select this and see what happens. Great. You can see the draft one we just made fake company for permit is now a bit of there. To go back all we have to do is right click on the lipsees and select edit item.
[17:31] Wonderful. Once this is completed it's upload we can continue moving forward. Now let's attach the necessary documents to do so we select this button add attachments and select attach file.
[18:07] We'll continue this process for all of these documents.
[18:19] As mentioned previously there are quite a lot of documents that need to be attached for this application process. It's handy to make sure that you are aware that you can save and continue to come back just in case you are missing documents and you need to find it before moving forward.
[19:13] Please note that this specific field will not be exhibited if you have the type of investor as individual instead of company. If you have the type of investor as individual, you can use the type of investor as individual.
[20:03] Now we've completed all the necessary documents. But if you need to upload additional documents for your specific application, we do have another task. All you need to do is follow the same process of before you'll get an upload additional documents. But for now we're done. We can take one last look to make sure everything has been complete.
[20:39] Looks good to me. And now we'll press submit. Once it's done submitting, you'll be able to go back to my Permit and Application tab. Click the link and you can see that there's a new application idea associated with the one we just submitted.
[21:21] It also has changed the status from draft to submitted and all the additional information is there as well. This is a great way to know how many permits or applications you've submitted for each type. To go back, we would select home and then we're complete for this part of the application submission process. For more videos, stay tuned. Thank you so much for your time today.