To say that The Bahamas is home to some of the best beaches in the world can’t be disputed. It’s impossible not to become utterly enchanted by the deep tropical greens, the glittering turquoise waters, and soft white-sand beaches. These qualities – and more – are reasons The Bahamas welcomes 7 million visitors each year.
With 700 stunning islands, The Bahamas is home to around 400,000 residents, 16.2% of which are international migrants. If you are thinking of taking up residence in the Bahamas, here’s why geting up and going can be the best thing to happen to you and your family.
Here’s why relocating to The Bahamas is worth it.
The culture
Bahamian culture is a melting pot of influences from Africa, Europe, and elsewhere in the world. The many different cultures are united by their love of music and dance, and this is never more apparent than on Boxing Day (December 26) and New Year’s Day (January 1), when the two most popular Junkanoo festivals are held.
Considered the Bahamian version of the Mardi Gras, these Junkanoo events last from the wee hours of the morning until near midday. Spectators immerse themselves in The Bahamas lifestyle with performances that are a spectacle of costume and dance.
The Bahamas also hosts a Junkanoo Carnival in the summer, between April and May. Road Fever, the event that marks the end of the carnival, attracts over 50,000 visitors per year.
Minimal taxes
While the Bahamian government levies value added tax (VAT) on goods and services, it does not require citizens and ex-pats to pay taxes on income, gifts, inheritance, or capital gains. Combined with the fact that the Commonwealth of the Bahamas boasts business-friendly laws for foreign investors, it’s easy to see why many see the country as a tax haven. This has helped The Bahamas become the richest country in the Caribbean based on the gross domestic product (GDP) per capita.
The weather
The weather here is great all year round, with the temperatures capping at around 82.4°F in the summer and dipping to a pleasant 68°F in the winter. In the summer, the capital, Nassau, enjoys an average of 10 hours of sunshine per day. The rainy season is still very mild and rarely heavy. Simply put, when you decide to live here, you’re free to relax and soak up some sun or swim in the sea whenever you feel like it.
Natural beauty
Pristine waters, fresh air, lush greens, and miles upon miles of coral reefs – The Bahamas is an ecological paradise from shore to sea. If you want to view the natural beauty underwater, there are plenty of scuba diving companies that can accommodate you, all of which are approved and monitored by the Bahamas Diving Association to ensure your safety.
Bonus: The Bahamian real estate market
Real estate is very affordable here. In fact, luxury homes can be purchased for as litle as $3,000. Homes listed in the seven digits rival similar multi-million-dollar properties back in the US.
Feel free to contact us at Viceroy Luxury Real Estate group if you want to learn more or see some of the luxury properties for sale in the Bahamas.
If you feel ready to dive into the Bahamian real estate market, let our agents at Viceroy Luxury Real Estate Group introduce you to the finest properties in the Caribbean. Contact our team today at 242.502.3400 or info(at)viceroybahamas(dotted)com. You can also leave a message here to get started.