Is it simple to live in the Bahamas? | offshore | Tax free life
The Bahamas recently introduced a special digital nomad visa, which is being used by more and more people.
Furthermore, if you work remotely, there are bureaucratic simplifications.
And often there will be no need to obtain even a particular work permit, since the business will not be commercial within the Bahamas, and that the income will come from abroad.
Even homeowners can usually easily obtain a residence in the Bahamas, for themselves and their family.
In general, it is easy to obtain permanent residence due to economic reasons, such as investing or owning a home in the Bahamas.
As for the purchase of properties, the costs for luxury apartments can be high, but if you are looking for a small apartment to have
a first investment property in the Bahamas, you can find studios or 1 bedroom apartments, even for 150,000 or 200,000 dollars.
It is also worth noting that foreign investors can generally purchase properties in the Bahamas without any particular restrictions.
There are taxes related to the purchase, with a first fraction exempt, and a subsequent tax calculated on the value of the property,
and with increasing rates depending on the value.
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