What You Need To Know Before Moving To The Bahamas

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Are you dreaming of a carefree island lifestyle away from cold winters and the pressures of mundane city life? The Bahamas is a top destination in the world for people to relocate to, and for a good reason. The Bahamas offers excellent tax schemes with no capital gains, income, or estate tax and several other economic benefits. The Bahamas also has one of the best climates in the world, with an average of 340 days of sunshine per year giving residents the chance to fully enjoy its white-sand beaches, turquoise ocean water, and rich cultural life. English is also the official language of The Bahamas, making immigration to the islands much easier and smoother.
In this video, Jelena, our strategy manager, shares all the details you need to know before moving to the Bahamas.
00:00 Start
0:21 Why Is the Bahamas Considered a Tax Haven?
2:48 Bahamian Passport
3:37 Taxes in the Bahamas
6:06 For US Citizens
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DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[@gb1174]

Can you do a video about moving to Mauritius and tax advantages as a UK citizen?

[@CyberQuince]

Wow I searched for this on Nomad Capitalist channel literally yesterday 😅 so many useful info, thanks a ton!!

[@nomadcapitalist]

Glad to have you.

[@chrischarles4381]

Super Helpful video! Great channel - thank you! 🙏🏻👊🏼

[@dukeofsardines]

Bahamas 🇧🇸 is riff raff free love that island 🏝️

[@janen9393]

Excellent video that sums everything up

[@nomadcapitalist]

Thanks!

[@freedomr4031]

Thank you for sharing. Can you do a "what you need to know before moving to" Jamaica please.

[@sgill4833]

When you make it, Bahamas is the place to be.

[@Worldtraveler75]

Nobody does anything quickly in the Bahamas. Beware of the "expedited" promises :)

[@CO84trucker]

As a country that drives on the left side of the road, the biggest danger in 🇧🇸 isn't people from the states or other right side drive countries trying to drive over there. Rather many accidents involve pedestrians who when crossing a street, should've looked to the right first and then to the left before crossing. Due to its proximity to Florida, many American cars are shipped there and that can make for an awkward driving experience!

[@keenosimms]

The Bahamas, yes please!

[@micomarinas2753]

Bahamas is one of my options after having one carribean passport. jelena you are one of nomads team most beautiful aside from sadife😉👍❤️🔺

[@matthawksworth]

Nice video!

[@nomadcapitalist]

Glad you enjoyed it.

[@111Sylvester]

Question: for US citizens, how is the Bahamas a better choice than Puerto Rico?

[@RC94332]

It’s not

[@matthawksworth]

Puerto rico is poorer, comes with all those things

[@Worldtraveler75]

Keep in mind that Puerto Rico is a US territory (not a US state). Just look at a lack of hurricane response over the years to fully understand the "nuances."

[@genegene8686]

@@matthawksworth PR’s GDP per capita is higher than the Bahamas

[@genegene8686]

@@Worldtraveler75 As opposed to … no response for Bahamas when it gets hit by a hurricane?

[@ivandakeff4107]

However :). I think I heard this over 💯 times

[@Worldtraveler75]

Sean Connery was a proponent of Scottish independence and he lived and died in the Bahamas. If it's good for James Bond, it will be good for you.

[@thealternativecontrarian9936]

watch out for hurricanes

[@scottdarigis4126]

Nothing to do in Bahamas , all stores close at 5pm, very boring. Nice beaches but that’s it . I was there in 1983.

[@Lando-kx6so]

completely different world now

[@pinetworkminer8377]

How different is Bahamas now?

[@RC94332]

Lol a lot has changed since 1983…

[@Worldtraveler75]

that was... 40 years ago. :)

[@denism.8468]

Can i trade cfds in bahamas as digital nomad

[@ryandavis3228]

Paying twice for social security ? No way

[@kachrachi]

Too distracted by her looks to notice what she was reading from the script..

[@Baqsam]

Less script reading and more natural like Mr. Henderson pl0x

[@thealternativecontrarian9936]

I don't care as long as she provides accurate information

[@lucysnorebush964]

Is she Georgian?

[@toxicdubz3841]

serbian most likely since the founder of this channel lives there primarily according to my knowledge as well as her name appears to be serbian