What changed in Bahamas

Zero Bahamas crypto tax does not mean zero reporting anywhere

Crypto tax and legal status

Trading your own book stays tax-free, but running a business for others triggers DARE registration

Crypto tax and legal status

Staking, mining, airdrop and lending income are untaxed for the individual

Crypto tax and legal status

Capital gains on crypto disposal are untaxed, with no holding period needed

Crypto tax and legal status

Crypto is legal and comprehensively regulated at the business level, individuals are outside the net

Crypto tax and legal status

A Bahamas state pension needs local NIB contributions, your foreign pension stays untaxed either way

Pension

National Health Insurance covers primary care only, private insurance stays essential

Healthcare coverage

There is no special tax regime to elect, because the baseline is already zero

Personal income tax

The real permanent establishment and CFC risk sits in your home country, not here

Moving your company

No corporate income tax for ordinary companies, but a turnover-based Business Licence fee applies if operating locally

Moving your company

The IBC Act is a fast, standard vehicle for a foreign-facing business

Moving your company

Importing household goods and a vehicle means high customs duty, exact bands unconfirmed

Leaving home: exit tax and ties

Real Property Tax is a real annual cost once you own Bahamian property

Leaving home: exit tax and ties

Buying property carries a real estate conveyance tax, up to 10 percent on higher-value deals

Leaving home: exit tax and ties

No wealth, inheritance, gift or entry tax in the Bahamas

Leaving home: exit tax and ties

Naturalising generally means renouncing your prior nationality

Permanent residency and citizenship

There is no citizenship-by-investment programme

Permanent residency and citizenship

Naturalising takes 10 years of legal residence, 6 of them physically present

Permanent residency and citizenship

Non-investment Permanent Residence categories exist beyond the capital route

Residency routes

Whether Permanent Residence needs ongoing physical presence isn't settled

Residency routes

Older BSD 750,000 and USD 1.5M speedy-consideration tiers may no longer apply

Residency routes

Economic Permanent Residence needs USD 1,000,000 in real estate or bonds, held 10 years

Residency routes

Permit to Reside covers people of independent means, retirees and dependents

Residency routes

Owning a home unlocks an annual Homeowner's Resident Card

Residency routes

There is no personal income-tax ID, because there is no income tax

Local registrations

Pure remote work creates no Bahamas corporate tax or licence exposure

Permanent establishment risk

Signing contracts or managing from the Bahamas can trigger a Business Licence fee

Permanent establishment risk

There is no wage withholding tax regime in the Bahamas for anyone

Employer payroll obligations

Visitors and BEATS holders need private medical insurance, there is no public cover

Healthcare coverage

NIB contribution rates may have changed after a 2024 reform, not independently confirmed

Social security

No social security totalization agreement exists, your home rules decide everything

Social security

Becoming locally employed or self-employed brings NIB contributions

Social security

A foreign-employed remote worker is generally outside the NIB net

Social security

No double taxation agreement exists with any country, so treaty relief is unavailable

Personal income tax

Zero personal income tax on any income, domestic or foreign

Personal income tax

A Tax Residency Certificate can evidence your move for CRS and foreign tax authorities

Tax residency

There is no 183-day tax residency rule in the Bahamas, because there is no income tax

Tax residency

Working for a Bahamian employer needs a separate Work Permit

Right to work

On BEATS, remote work for a foreign employer is explicitly legal

Right to work

Remote work on a plain visitor entry is grey but widely tolerated

Right to work

Overstay penalties exist but the exact fine schedule isn't published

Immigration and visa

BEATS is a purpose-built remote-worker permit, no income minimum published

Immigration and visa

Nationalities outside the named visa-free lists need a visa before travel

Immigration and visa

Visa-free entry for South and Central American nationalities, capped at 3 months

Immigration and visa

Visa-free entry to the Bahamas for up to about 8 months

Immigration and visa