Move to Bahamas: 0% Income Tax, 0% Capital Gains Tax
The Bahamas is one of the oldest zero-tax jurisdictions in the Caribbean. There is no income tax, no capital gains tax, no inheritance tax, and no corporate tax on international business companies. Government revenue comes from VAT (12%) and import duties. With the BEATS remote worker visa and year-round tropical living, it is a premier destination for tax-free relocation.
Tax Environment
The Bahamas levies no income tax, no capital gains tax, and no inheritance tax on individuals. This applies to both residents and non-residents, regardless of the source of income. There is no distinction between local and foreign income—all personal earnings are completely tax-free.
For businesses, the Bahamas imposes no corporate tax on International Business Companies (IBCs). Domestic businesses pay no income tax either; government revenue is generated through a 12% VAT on goods and services and through import duties. There is no withholding tax on dividends, interest, or royalties paid to non-residents.
The Bahamas has no wealth tax, no estate tax, and no social security contributions required from self-employed individuals or remote workers. It is one of the longest-standing zero-tax jurisdictions in the world, with a stable legal framework that has attracted international residents for decades.
Cost of Living
A mid-tier lifestyle in Nassau. Costs can be higher on the Out Islands and lower in less tourist-heavy areas.
| Category | Monthly Cost (USD) |
|---|---|
| Rent (1-bed apartment, city) | $2,500 |
| Food & groceries | $800 |
| Utilities (electricity, water, internet) | $250 |
| Transport | $150 |
| Total | $3,700 |
Visa Options
Duration: 1 year (renewable)
Cost: $1,000
Designed for remote workers and digital nomads
For professionals and investors
Requires proof of financial means
Allows long-term stay and local banking
Expedited processing for qualifying investors
No restrictions on duration of stay
Path to full integration in the Bahamas
Estimated Annual Tax Savings
Approximate savings from relocating to the Bahamas, based on standard tax rates in each origin country. The Bahamas charges 0% on all personal income.
| Moving From | Gross Income | Tax at Home | Tax in Bahamas (0%) | Annual Savings |
|---|---|---|---|---|
| Australia | $200k AUD | ~$78k | $0 | ~$78k/yr |
| United Kingdom | £150k GBP | ~£48k | £0 | ~£48k/yr |
| Canada | $200k CAD | ~$75k | $0 | ~$75k/yr |
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Open the calculator →Frequently Asked Questions
Does the Bahamas have income tax?
No. The Bahamas has no income tax, no capital gains tax, and no inheritance tax. There is no corporate tax on international business companies either. Government revenue comes primarily from a 12% Value Added Tax (VAT) and import duties on goods.
What visa do I need to live in the Bahamas?
The most popular option for remote workers is the BEATS (Bahamas Extended Access Travel Stay) visa, which costs $1,000 and lets you live and work remotely for up to 1 year. For long-term stays, you can apply for an Annual Residence Permit or pursue Permanent Residency through a real estate investment of $750,000 or more.
How much does it cost to live in the Bahamas?
A mid-tier lifestyle in Nassau costs approximately $3,700 per month, covering rent ($2,500), food ($800), utilities ($250), and transport ($150). Total costs range from $3,500 to $8,500 per month depending on lifestyle and location.
Is there a minimum stay requirement for tax purposes in the Bahamas?
No. Because the Bahamas has no income tax at all, there is no minimum stay requirement to benefit from the zero-tax environment. However, visa and residency programs have their own terms regarding permitted stay duration.