How to Move to The Bahamas – The 7th Heaven Properties Guide
Are you thinking of relocating to the Caribbean? Considering moving to The Bahamas? The 700 breathtaking islands which make up this idyllic archipelago are renowned for their outstanding beaches, warm and sunny climate, high standard of living and highly attractive tax benefits. With political and economic uncertainty at such high levels in many other parts of the world, this combination of advantages is more appealing than ever. So, for those thinking about making a move to this spectacular island chain, this guide explains how you could move to The Bahamas.
Our guide is a starting point for anyone thinking of relocating to The Bahamas, covering everything from why and how to move through to the best places to live in the islands.
Relocating – Is The Bahamas a Good Place to Live?
Visas & Residency – Can I Move to The Bahamas?
Finding a Place to Live in The Bahamas – Where are the Best Places to Buy Property?
Find Out More About Moving to The Bahamas
The Bahamas is probably best known for its stunning beaches which range in color from the whitest of whites to baby pink. Combined with the breathtaking backdrop of the turquoise ocean waters, the landscape is simply spectacular. However, this wonderful archipelago offers much more too. The islands and surrounding waters rank among the best places in the world to indulge in activities from boating and fishing to golfing or just lazing on the beach. Add to this highly attractive tax benefits (no income tax, wealth or inheritance tax or capital gains tax) and you get one of the most desirable places to live not only in the Caribbean but the world.
Find out more: Invest in The Bahamas
While applying for a long-term work permit can be difficult, The Bahamas is very welcoming of both tourists and investors who can support themselves financially.
If you plan to spend only part of the year in the archipelago you need only apply for an Annual Residence Permit.
If you would like to make a more permanent move, you will need to apply for a Permanent Residence Permit. Permanent Residence Permits allow foreign nationals investing in property, opening a business or retiring in The Bahamas to live permanently in the country.
To qualify via the real estate investment route, applicants must be aged over 18, must be able to demonstrate the ability to support themselves financially, and declare in writing that they wish to live permanently in The Bahamas.
The minimum level of required investment is $750,000.
To qualify for Accelerated Consideration for Permanent Residency in The Bahamas (which fast tracks the application process), applicants must invest a minimum of $1,500,000 in real estate in The Bahamas.
Spouses and dependent children aged under age 18 who are usually resident in the household may be included in the application.
Find out more: Residency in The Bahamas
With over 700 islands, The Bahamas is a large and varied destination offering something for everyone.
Offering high quality real estate, stunning beaches and world-class amenities from golf courses and marinas to dining, shopping and entertainment, Paradise Island and the larger island of New Providence are the most popular places for investment. New Providence is home to the capital Nassau, and numerous sought after areas such as the Cable Beach strip, as well as luxury residential communities including Lyford Cay, Old Fort Bay and Albany.
If you prefer somewhere a little quieter away from the crowds, take a look at some of the Out Islands of The Bahamas such as Eluethera and the Exumas.
If proximity to the USA is a priority, check out Bimini and Grand Bahama which are just a hop, skip and a jump off the coast of Florida.
Find out more: Best Places to Live in The Bahamas
Browse: Bahamas real estate
Would you like to find out more about moving to The Bahamas? Would you like to browse property for sale which would be ideal for living on the island?
We would be delighted to help. Explore Bahamas real estate on our website.
Alternatively, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist, to begin your property search and to discuss your options in more detail.