Johnny Depp's Island is located in the Exuma Land and Sea Park protected area of the Bahamas.
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Little Halls Pond Cay, Bahamas – Johnny Depp. Island off the coast of Dubai – Pamela Anderson. Lanai, Hawaii – Larry Ellison. Bonds Cay, Bahamas – Shakira.
Same as taxes for land not surrounded by water. There's this myth that a ring of water has legal superpowers. Residents of islands still pay income, business, sales, and property taxes like any other resident.
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.
A number of undeveloped islands have been bought by conservation groups and land preservation groups, so “you pretty much have to buy an island that has a home on it,” Davis said.