What are the cons 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.



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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.


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Freedom to Live Your Way Unlike the fast-paced lives of the west, Bahamas is a pretty much peaceful country, so even those who like lying back for a while can have a great life here. Note that crime in Nassau is quite high, so keep this in mind when visiting or living in the city center.

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Non-Bahamians who own second homes in The Bahamas may apply for an annual homeowner's residence card. This card is renewable annually and intended to facilitate entry into The Bahamas with minimal formalities. The holder is entitled to visit The Bahamas for a stay of up to one year. Government fee: USD 250.00 p.a.

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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.

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The Bahamas is the richest nation in the Caribbean and has a reputation for being a playground for the uber-rich. With its world-class golf courses and casinos, the islands know how to cater to wealthy retirees.

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6 Things You Didn't Know About The Bahamas
  • The world's third-largest wine cellar is in Nassau. ...
  • The Bahamas boasts the third largest barrier reef on the planet. ...
  • Our waters are some of the clearest in the world. ...
  • There are 700 islands in The Bahamas. ...
  • Hollywood loves Paradise! ...
  • The Bahamas is home to its own “sea monster”.


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There are many reasons to relocate to The Bahamas, economically, we offer a tax-friendly environment, with no income tax or capital gains tax. The climate is near perfect. With around 340 days of sunshine a year, summers that are perfect for beaching, and slightly cooler winters.

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Nicolas Cage - owns estate residence on Paradise Island and a private island in the Exuma chains. Mariah Carey - owns a house on Windermere, a private island connected to Eleuthera, where she married Nick Cannon in 2008. Mike Oldfield - guitarist/composer (Tubular Bells etc.)

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The Bahamas is a popular destination for celebrities looking to invest in real estate, with its stunning beaches, crystal clear waters, and luxurious properties. From private islands to sprawling estates, the Bahamas offers a wide variety of options for those looking to own a piece of paradise.

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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.

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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.

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