Living in The Bahamas as an Expat: Cost of Living, Safety, Pros & Cons

Living in The Bahamas as an Expat: Cost of Living, Safety, Pros & Cons

There are plenty of ways in which life in The Bahamas can seem appealing. Residents of the island chain enjoy generally favorable weather, scenic ocean views and exceptionally low tax rates.

But there’s more to the decision to relocate to a new country than just good weather and low taxes. You’ll need to consider all the factors that affect your day-to-day life.

Where are the best places to live? Is living in The Bahamas as an American (or citizen of another country) safe? What is the standard of living like?

In this article, I’ll examine what Bahamas expat life is like and the pros and cons you should consider when thinking about moving there.

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Investing in The Bahamas: Funds, Property & Alternative Opportunities

Investing in The Bahamas: Funds, Property & Alternative Opportunities

The Bahamas relative wealth — it’s the third-richest country in North America after Canada and the US — and stable economy make it an attractive option for investors looking for opportunities outside their home countries.

Whether you plan to spend some of your time residing in the country or want to put your money to work there, investing in The Bahamas has the potential to be a very lucrative proposition.

In this post, I’ll explore some investment opportunities in The Bahamas. We’ll examine different types of opportunities:

  • Investment funds
  • Property (commercial and rental)
  • Alternative opportunities

We’ll look at how to take advantage of them and what caveats to keep in mind before you invest. Let’s get started!

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The Bahamas Offshore (Private) Banking System

The Bahamas Offshore (Private) Banking System

The financial sector accounts for a significant portion of the Bahamian economy, making up a little more than a third of the country’s business. And because of the country’s reputation as an international financial hub, the banking sector attracts a significant amount of attention from foreign clients. 

This isn’t a bad thing. Financial institutions in The Bahamas are well-equipped to address your needs as a foreign citizen.

Whether you want to live, work or invest in The Bahamas or want to move your money outside of your home country, it’s important to have a solid understanding of the ins and outs of The Bahamas’ offshore banking system.

In this post, I’ll provide you with a general overview of the country’s banking system, what you need to get started using Bahamas offshore banking and some of the benefits that it may offer you.

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Bahamas Company Registration & Formation

Bahamas Company Registration & Formation

While The Bahamas is known the world over for its sunny beaches, beautiful weather and laid-back lifestyle, there are many other factors that make the island chain an attractive destination.

The Bahamas offers a wealth of opportunities for investors and business-minded individuals — from its established reputation as an international financial center to its thriving real estate market.

But what if your ambitions are a bit larger in scope and you want to operate a company in The Bahamas? Navigating legal requirements and restrictions to create a business can be challenging enough at home, let alone when dealing with a foreign government.

In this post, I’ll examine some of the ins and outs of Bahamas company registration, rules and requirements, how to set up a company in The Bahamas and some of the benefits of doing so.

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Is The Bahamas a Tax Haven?

Is The Bahamas a Tax Haven?

The Bahamas is known the world over as a popular destination not just for sun-seeking beach lovers, but also for investors. The Bahamian government has taken a number of steps to make the country attractive to foreign investors, and its low tax rates and high incentives for investors are at the top of the list. 

But is The Bahamas a tax haven? And if so, what does that mean for you if you invest in Bahamian funds, real estate or other opportunities?

In this post, I’ll examine what constitutes a tax haven, if The Bahamas qualifies as one, and what the ramifications are for potential (or current) investors.

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The Bahamas Real Estate Market Report: Prices & Trends in 2019

The Bahamas Real Estate Market Report: Prices & Trends in 2019

The Bahamas is well-known around the world as an attractive location for foreign investors. Its stable economy, relative wealth and favorable tax laws make it a safe and relatively easy-to-enter market for those with money to invest.

But is the Bahamas real estate market as good as it sounds?

While investment funds in The Bahamas attract attention around the globe, the country’s real estate market is sometimes overlooked. There is, however, definitely opportunity here — especially if you’re interested in establishing a presence in the country.

Today I’ll give you a brief overview of some of the current Bahamas real estate prices and trends, as well as looking at where some of the best opportunities in the country’s real estate market lie.

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Trusted Property Management in The Bahamas

Trusted Property Management in The Bahamas

Buying a rental property — or multiple rental properties — is a great way to establish a presence in The Bahamas and generate some passive income at the same time.

Of course, if you don’t intend to live in the country, you’ll have to outsource the task of managing your properties and liaising with your tenants to another person or company.

Today, I’m going to take a look at the role of property managers for Bahamian rentals. We’ll examine how to find a Bahamas property management team you can trust, and what to expect in your role as landlord.

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Moving to The Bahamas: Your Complete Guide

Moving to The Bahamas: Your Complete Guide

Relocating to a new country is a big step, and can feel overwhelming. There are many factors to consider, and often a new place can present challenges you hadn’t even thought of.

The Bahamas has lots of offer to visitors and residents alike. Its thriving expat community speaks to how popular a destination it is for relocation.

In this guide, I’ll take you through some of the key factors to consider and prepare for when moving to The Bahamas.

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Finding Property for Sale in The Bahamas

Finding Property for Sale in The Bahamas

Buying real estate in The Bahamas can be appealing for a variety of reasons. The weather is typically pleasant, the people are friendly, and the country’s tax laws are very appealing to many foreign nationals. 

Although The Bahamas is a relatively small country, geographically it includes over 700 islands and keys. So before you can find property for sale in The Bahamas, you have to pin down what you’re looking for.

In this post, I’ll examine the advantages and disadvantages to real estate for sale in different areas of The Bahamas, as well as the various types of property you can buy and the processes and legal requirements associated with each.

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Commercial Real Estate in The Bahamas

Commercial Real Estate in The Bahamas

The Bahamas is the third-wealthiest country in North America, behind only Canada and the United States. The country’s wealth, stability and favorable taxation system makes it a popular choice for investors around the world — including those seeking to purchase real estate.

The Bahamas commercial real estate market offers many opportunities for the savvy investor, but as with any major purchase, it’s essential to do your homework first.

In this post, I’ll examine both the benefits of and requirements for purchasing commercial real estate in The Bahamas and offer you some tips on what to look for when you start shopping.

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