Why Digital Nomads Should Spend a Year in the Bahamas
Bahamas BEATS Program.
The Bahamas Extended Access Travel Stay, or BEATS program, gives you the possibility to apply for a one-year visa. This visa allows you to live in the Bahamas while working for an employer based in a different country.
The application process is simple, and you will typically get an answer within five days. There is a $1,000 visa fee, and you will have to pay an additional $500 for each dependent who is traveling with you.
You will have to meet a few requirements, such as showing proof of employment and purchasing health insurance. If authorities approve your application, you will receive a QR code that you can use to enter the country.
The BEATS program is a popular option among digital nomads because it's easy to apply for, and there are no income requirements to meet. You can also use this program to study remotely from the Bahamas. All you have to do is apply with a student ID to prove that you have enrolled at a college or university that offers online classes.
No income tax.
The Bahamas is a popular destination for expats because it's a country that doesn't require you to pay income taxes or capital gain taxes. You will have to pay VAT when you purchase some goods and services, but not paying income taxes will improve your buying power.
Cost of living.
The cost of living in the Bahamas can vary because prices tend to increase during the busy tourist season. The cost of renting a home is comparable to the US. However, you can look around for affordable accommodations and rent something away from the more expensive urban areas to work remotely.
You should expect to spend a little more on utilities and food, but things like leisure and entertainment tend to be more affordable.
The currency of the Bahamas is the Bahamian dollar and has a value that is almost identical to the US dollar.
You can expect sunshine all-year-round in the Bahamas. It's the perfect destination if you want to enjoy the beach and spend more time outdoors.
The mid-December to April season can be busy because of the influx of tourists. You will probably have to deal with crowds and might see prices go up.
You will see fewer crowds during the off-season, but will enjoy the same great weather. A lot of the country's festivals and cultural events take place in the off-season.
Discover the Caribbean.
Living in the Bahamas is an opportunity to discover nearby countries. The BEATS visa gives you the possibility to live in sixteen different islands that make up the Bahamas, but there are more islands you can visit.
Nassau, Freeport, Marsh Harbour, and West End are some of the major cities in the Bahamas. Each city has a unique culture, history, and architecture.
You can apply for similar digital nomad visas for other countries in the region, including Barbados, Bermuda, and Jamaica, if you want to extend your stay in the Caribbean.
Access to healthcare and education.
The Bahamas have a strong healthcare system with quality generalist and specialist care. There are 55 medical centers in the country, and you will never be far from a hospital or doctor's office.
The country also has an excellent education system with a high attendance rate. The government spends up to 20% of its budget on education. If you travel with your family, your children will have access to quality education in the Bahamas and discover a new way of learning.
Living in the Bahamas is ideal for immersing yourself in the unique culture of the country. You will find that Bahamian culture values the arts and that there are plenty of events and festivals with dancing and music. Seafood is an important aspect of the country's cuisine.
Moving to the Bahamas means you will get to experience celebrations and festivals like the Junkanoo Carnival, the Andros Crab Festival, the Eleuthera Pineapple Festival, or the Bahamas International Film Festival.
There are plenty of things to do in the Bahamas besides relaxing on the beach. Popular activities include boat rentals, snorkeling, parasailing, tubing, and shark diving. You can explore parks and natural preserves or visit historical landmarks.
If you're curious about life in the Caribbean, the best thing to do is visit the Bahamas or nearby islands with all-inclusive vacation packages to Saint Lucia to get a feel for what life in the Caribbean is like and decide if it's right for you.
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