Is Bahamas a good place to live?

Living in The Bahamas will give you access to some of the most beautiful scenery in the world, the relaxed pace of island life, glorious weather and nearly unmatched tax benefits.

What is the downside to living in the Bahamas?

Overcrowding is a significant issue in the Bahamas.

Housing can often be challenging to find because there are almost 400,000 people living in the commonwealth. That's one of the reasons why the places that are available are at a rent that is unusually high.

Is it expensive to live in Bahamas?

Moving to the Bahamas – the Cost of a Home

According to the data provided by Numbeo, rent prices in the Bahamas are around 10% lower than in the US. You can find a one-bedroom apartment in the center of Nassau for around $900 per month, which compares to nearly $1,300 in the US.

What is the safest island in the Bahamas to live?

As the capital and the largest city in The Bahamas, Nassau is the heart of the islands. This makes it one of the most populous, but also safest places to live, with easy access to transportation, healthcare, and a large community.

Is it easy to live in the Bahamas?

Although the country is very welcoming to tourists, visitors, and investors, it is by no means easy to secure a work permit. In general, it is not possible for a foreigner to secure a work permit for a position which can easily be filled by a skilled Bahamian citizen.

Move To the Bahamas - 10 Reasons Why You Should.

Can I just move to The Bahamas?

Americans don't need special permission to enter the country, but if you want to move there permanently and receive an annual or permanent residency permit, you'll have to meet certain requirements. Upon arrival, the country's authorities will require that you have: Immigration Arrival Card. Proof of financial ...

Is it easy to get a job in Bahamas?

Finding Employment: It's Difficult

While the Bahamas are more or less the place to be for foreign investors, expats who dream about working in the Bahamas have a hard time finding employment. This is due to the Bahamian government protecting its citizens and attempting to decrease unemployment among its own population.

What should I avoid in the Bahamas?

Avoid walking alone after sunset, especially around poorly-lit and deserted locations, such as streets and beaches. Nightclubs and music venues provide a chance to experience local culture, though tourists should stick to heavily populated areas and walk in a group.

Where do the rich live in Bahamas?

Lyford Cay, in western New Providence, is one of The Bahamas' most desirable communities to live in. According to Christie, the biggest properties in the exclusive development sell for $20 million plus, and beachfront homes for $10 million and up. Another favoured enclave of the super rich is Paradise Island.

Is property cheap in the Bahamas?

It's the hotspot. But it's also one of the smallest islands in the Bahamas. Small supply and a large demand for Nassau real estate keeps prices higher than the Family Islands. Islands like Abaco, Eleuthera, Cat Island, Exuma and Long Island offer wonderful deals that are extremely affordable.

How safe are the Bahamas?

Violent crime is extremely common in the Bahamas. The country is ridden with violent crime, and armed robberies, kidnappings, and murders are extremely common, usually not affecting tourists though violence towards foreigners has been on an increase during the past couple of years.

How long can a US citizen stay in the Bahamas?

An American national may stay for a maximum period of eight months without a visa in The Bahamas. Should they wish to extend their stay, application must be made to the Immigration Department for an extension of stay. The applicant must contact the Immigration Dept.

Is Bahamas cheaper than USA?

The Bahamas might be more expensive than the US, but considering the experiences you can gain on the island during your tropical getaway, the cost of living there shouldn't sway you from visiting this slice of paradise.

How many US citizens live in the Bahamas?

It has been estimated that there are 30,000 Americans living in the Bahamas. Living in the Bahamas is an ever-popular choice for American expats, on account of the laid back culture, the climate, the beautiful beaches, and, of course, the tax advantages.

Is Bahamas tax free?

Key Takeaways. Citizens of the Bahamas do not pay taxes on income, inheritance, gifts, or capital gains. The Bahamian government uses revenue from sources like VAT and stamp taxes. There are strict laws prohibiting illicit financial activity such as money laundering.

Why would people move to the Bahamas?

Why does one relocate to The Bahamas? There are many reasons to relocate to The Bahamas, economically, we offer a tax-friendly environment, with no income tax or capital gains tax. The climate is near perfect. With around 340 days of sunshine a year, summers that are perfect for beaching, and slightly cooler winters.

Is the Bahamas a good place to retire?

Many expats choose to retire in the Bahamas because the country is a tax haven. It has no income tax, capital gains tax, wealth tax, gift tax, inheritance tax or sales tax. In addition, there is no corporate tax or business tax.

Why do celebrities live in the Bahamas?

As one of the world's most sought-after destinations, The Bahamas has always attracted the rich and famous. Many celebrities own luxury properties in the Bahamas or even private islands, where they can enjoy the luxurious Bahamas lifestyle in privacy.

Can I drink the water in Bahamas?

Drinking tap water in the Bahamas is generally of good quality and safety is considered to be well regulated. However, as in any hot tropical country, there are still some precautions that wise visitors prefer to take. First of all, although tap water is considered good, you can still stick to bottled water.

Which Caribbean island is the safest?

Montserrat. Nicknamed “The Emerald Isle of the Caribbean” both for its terrain and the heritage of its inhabitants, Montserrat is a British territory in the Leeward Islands and it is considered to be the safest island in the Caribbean, with its last recorded murder occurring in 2008.

Are Bahamians friendly?

Bahamians are best described as easy-going, friendly and hospitable.

What jobs are in demand in Bahamas?

As such, foreign nationals aspiring to work in The Bahamas can look into the industries of tourism, financial services and engineering, as these industries have the highest demand for workers. Agriculture and fisheries also provide employment for locals and expats in this country.

Can US citizen work in Bahamas?

Non-Bahamian nationals, who are desirous of working and living in The Bahamas for a period greater than 90 days, must first be authorized to do so by way of a valid work permit issued by the Department of Immigration. Persons wishing to work for up to 90 days must apply for a short-term work permit.

How do I become a Bahamian citizen?

Be a legal permanent resident in The Bahamas who has had the legal status for 10 years, including the 12 months immediately preceding the date of application, and who has resided in The Bahamas for a minimum of 6 years preceding the 12 months mentioned above. Be a female spouse of a Bahamian citizen.