By Margaritaville Beach Resort, Nassau, Bahamas on Dec 6, 2019 9:41:11 AM
Some visitors never experience The Bahamas as more than a day stop on a cruise, and even those who linger longer soon discover that every visit ends too soon. But what if you never needed to pack your bag again because you were already home? There are plenty of exciting reasons to make that prospect your reality.
You’re likely already aware of the idyllic weather and the seemingly endless array of outdoor activities. But the financial benefits of ownership in the Bahamas, with its wealth-friendly policies and growth economy, are no less alluring. And that’s just part of why you should consider making it your home port.
Warm Weather Throughout the Year
The average daily temperature range runs between 80 to 85 degrees Fahrenheit in the summer and 70 to78 degrees Fahrenheit in the winter. By most standards, that is just about perfect.
On most days, you can expect plenty of sunshine. Of course, this is still a subtropical climate, so some wet weather is to be expected. Overall, however, you can look forward to warm days, sun-kissed beaches, and plenty of sunshine.
For those coming from outside of the Caribbean, the weather in The Bahamas is a dream come true. If you decide to live here full-time, you'll never again have to worry about shoveling the snow from your driveway or wearing a heavy-duty winter coat for five months of the year.
Tax Structure And Real Estate Opportunities
The Bahamas is a hospitable destination for those in search of financial freedom. If you live and work and make money inside the country, then you may incur payroll taxes.
Taxation here is unique and revenue is derived from import duties and fees.
The Bahamas is a tax-neutral environment with NO:
- Capital gains tax
- Sales tax
- Income tax
- Estate tax
- Personal property tax
There is only minimal real property tax with NO penalty for foreign ownership. In fact, there is guaranteed repatriation of funds should investors ever decide to sell.
The Bahamas welcomes foreign direct investments and real estate has long been the vehicle of choice for investors. A top reason for this is that property in The Bahamas, whether it be real estate development or private residences, essentially holds its value even when the economy has struggled.
However, there are many other reasons that make The Bahamas a smart investment option. Some of these include:
- Close proximity to key global financial centers
- Stable and peaceful democracy since the early 1700’s
- Favorable investment climate and infrastructural support for development
- English-speaking nation
- Climate and lifestyle
- Ease of accessibility from other major countries
- Privacy and anonymity
One of the biggest reasons to live in The Bahamas is to enjoy real estate opportunities at great prices. Although The Bahamas can provide breathtaking natural beauty, amazing scenery and vibrant culture, you can still purchase property on the beach at prices that might be surprising.
Vibrant Local Culture
When you consider moving to The Bahamas, you'll certainly consider the financial benefits and tax implications, but you don't want to forget about all the ways that living in this tropical paradise can enhance your life.
Even beyond the amazing weather, The Bahamas boasts an incredible local culture. Every day, you'll have countless opportunities to embrace the local art, language, music, and lifestyle.
The Bahamas is a melting pot of cultures. European influences mingle with Caribbean roots and African culture to create a unique and vibrant island world. Head into Nassau to listen to some live music and dance until the early hours of the morning or take part in some of the annual festivals, such as Junkanoo.
While English is the national language, you can also listen for the Bahamian dialect with a sprinkling of Creole vocabulary.
Of course, you can't discuss the local culture without bringing up the local cuisine. The culinary scene revolves around fresh, delicious seafood. Be sure to try incredible specialties like fresh rock lobsters or tasty cracked conch.
Breathtaking Scenery and Opportunities for Recreation
Even if you plan to work full or part-time while you're in The Bahamas, you'll also have plenty of free time to enjoy your surroundings. And, truly, the surroundings are something you'll never forget.
On land, there are gorgeous white-sand beaches, some of which are hidden and off the beaten track. You can also head to the water and go sailing or kayaking. Boat excursions can be a wonderful way to find hidden islands or get away from some of the busier Bahamian cities.
There are also hundreds of miles of coral reefs throughout the Bahamas. This sets the scene for countless activities and ecological experiences. There are so many options for experiencing activities in some of the most beautiful waters you’ll find anywhere in the world.
Here are a few favorite water activities and top Bahama locations to enjoy them:
Whether your idea of enjoyment is indoors or out, active or relaxed, there really is something for everyone in The Bahamas.
Many people want to live the laid-back island life, but they still want to have access to all the conveniences of modern life. Fortunately, the Bahamian government has made it a priority to improve infrastructure. Tens of millions of dollars have been spent since the early 1990s to enhance and strengthen telecommunications, transportation, schools, medical facilities, harbours, and more.
Great strides have been made in modernizing updating the infrastructure on the outer, more remote island. Larger islands, such as Grand Bahama and New Providence, are certainly more advanced. At new developments like Margaritaville Beach Resort, Nassau, you can easily recognize no expense has been spared in supplying ultramodern facilities and amenities.
The ample infrastructure in The Bahamas allows you to live the luxury life you deserve, enjoy the creature comforts of home, and still experience the Caribbean lifestyle at its best.
Life on Your Own Terms
With so many reasons to live in The Bahamas, it is no surprise that more and more people move here each year. Many choose to live here permanently while other prefer part-time residency. The latter option allows you to rent out your home for part of the year and helps offset the cost of the mortgage.
If you find yourself enchanted by The Bahamas—and, really, how could you not be?—the spell needs to break. Dropping anchor for good at Margaritaville Beach Resort, Nassau, Bahamas allows you to create your ideal mix of work, play, and family life in a place you might never want to leave.