What are the pros and cons of living in the Bahamas?


What are the pros and cons of living in the Bahamas?

What are the Pros and Cons of Owning a Residential Property in The Bahamas?
  • Living in The Bahamas gives you access to some of the world's most stunning natural wonders. ...
  • Living in The Bahamas allows expats to embrace a more laid-back and unhurried lifestyle. ...
  • The Bahamas is a tax haven. ...
  • The Bahamas has a high cost of living.


What are the downsides of living in the Bahamas?

The Bahamas does have a high cost of living , which is a result of the country's imposition of high value-added taxes on groceries, furniture, appliances, and clothing. This isn't too much of an issue if you're planning to buy a vacation home but for those who want to buy a permanent home, it could be a factor.


What is the quality of life in the Bahamas?

If you are looking for a laid-back lifestyle and tropical beaches with azure seas then The Bahamas is definitely an option to consider. Quality of life in The Bahamas is very good and, living on an island archipelago is something you may dream about.


Is the crime rate bad in the Bahamas?

Bahamas crime rate & statistics for 2021 was 29.17, a 62.44% increase from 2020. Bahamas crime rate & statistics for 2020 was 17.96, a 23.52% decline from 2019. Bahamas crime rate & statistics for 2019 was 23.48, a 3.71% increase from 2018. Bahamas crime rate & statistics for 2018 was 22.64, a 25.95% decline from 2017.


Can I just move to the Bahamas?

There are a few options for you to apply for permanent residence, the most obvious one being marriage to a Bahamian citizen. Other ways of qualifying for permanent residence are: purchasing a residence in the Bahamas. legally working or living in the Bahamas for more than 20 consecutive years.


Can a foreigner buy a house in the Bahamas?

There are no restrictions on foreigners buying property in the Bahamas. Property purchasers are eligible for an annual Home Owners Resident Card, and those buying a property valued at $500,000 and above are given priority in permanent residence applications.


How many murders in Bahamas per year?

In 2021, there were approximately 29.17 homicides per 100,000 inhabitants in the Bahamas, up from a homicide rate of 17.96 registered a year earlier. Over 100 people die as a result of intentional homicide in this Caribbean country every year.


Is it worth going to The Bahamas?

Even if you are coming from farther away, this island chain is worth the journey. “We have always been known for our beautiful beaches and weather; I'm glad that more travelers want to experience something even more valuable than that — the Bahamian people,” Kya Nguyen told Travel + Leisure.


What do I need to know before going to the Bahamas?

Things every first-time tourist needs to know:
  • English is actually the official language of the Bahamas, so it'll be spoken everywhere you go.
  • There's no need to get your currency exchanged, US currency is accepted. ...
  • Tips are king. ...
  • Cars don't drive on the right side of the road, they drive on the left.


Is it safe to walk around the Bahamas?

Be vigilant at all times and don't walk alone away from the main hotels, tourist areas, beaches and downtown Nassau, particularly after dark. Take care if travelling on local bus services after dusk on routes away from the main tourist areas. Don't carry large amounts of cash or jewellery. Robbers may be armed.


Why do people like The Bahamas so much?

Their beauty, amazing weather, and the fact that there are so many islands (700 in total) are part of what makes this tropical archipelago special. Picture: Couple lounging over the Bahamian ocean at Sandals Royal Bahamian.


What should you be careful of in the Bahamas?

Violent crime, such as burglaries, armed robberies, and sexual assaults, occur in both tourist and non-tourist areas. Be vigilant when staying at short-term vacation rental properties where private security companies do not have a presence.


Are Bahamian people friendly?

Bahamas are known for being friendly, outgoing and informal. Hospitality is an extension of this and they like to get to know people, say hello to strangers and invite people into their homes.


What is the safest island in the Bahamas?

The Abacos are considered some of the safest islands in The Bahamas and are known for being family-friendly. The Abaco Islands have only a population of around 17,000 and are made up of Great Abaco, Little Abaco, and several smaller barrier cays.


Is it smart to buy property in the Bahamas?

The Bahamas' favorable tax environment is another significant draw for property buyers, offering numerous advantages such as no income tax, capital gains tax, or inheritance tax. This tax-friendly atmosphere makes it an appealing destination for investors and those seeking to optimize their financial portfolios.


What is the safest Caribbean island to retire to?

Some of the safest islands to venture to in the Caribbean include Antigua and Barbuda, Anguilla, The British Virgin Islands, the Cayman Islands, Martinique, Montserrat, and St Barts. Check out our article: Living in the Caribbean – The Pros and Cons You Need to Know.