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Bahamas Extended Access Travel Stay

Bahamas

At a glance

Duration

12 months

Non-extendable

14 month(s) delay

Price

$1,025.00

Tax rate

Overview

Working as a digital nomad in the Bahamas offers a host of advantages:

  1. Tax Benefits: As a digital nomad in the Bahamas, you are exempt from paying income taxes or capital gains taxes.
  1. Streamlined Visa Application: Applying for a Bahamas digital nomad visa is a hassle-free process that can be completed online in just a few minutes. You can expect to receive a response within five working days.
  1. Affordable Living Costs: The cost of living in the Bahamas varies depending on your location and the season. For instance, a one-bedroom apartment in the city center may cost around $927.78, while outside the city center, the cost might be approximately $725. Utility expenses are estimated at around $237.58 per month, and internet costs about $76.18 per month.
  1. Tropical Climate: The Bahamas boasts warm and sunny weather, making it an ideal destination for those who enjoy working outdoors and spending time on beautiful beaches. The prime time to visit is between November and April when there's abundant sunshine and fewer rainy days.
  1. Quality Healthcare: The Bahamas boasts a robust healthcare system with approximately 55 medical centers scattered across the islands, ensuring you have access to medical facilities when needed.
  1. Rich Cultural Heritage: The Bahamas has a unique and diverse culture that has evolved over the years. It is an intriguing blend of predominantly African influences with traces of British and American heritage. The culture places a strong emphasis on music, leading to numerous festivals such as Junkanoo Carnival, the Andros Crab Festival, the Eleuthera Pineapple Festival, and the Bahamas International Film Festival.
  1. Recreational Activities: In addition to enjoying the stunning Bahamian beaches, you can partake in a wide range of leisure activities as a digital nomad. These activities include tubing, snorkeling, parasailing, boat rentals, and even shark diving, ensuring there's always an adventure to pursue.

Benefits

What are the benefits?

  • Valid for 12 months

  • Is tax-free

  • Is extendable

  • Diploma agnostic

  • Extends to your spouse and minor children

Requirements

The necessary documents for applying for a digital nomad visa include:

  1. A completed application form, which can be conveniently submitted online. You can access the application form through this link.
  2. A valid passport with a minimum validity of six months.
  3. Proof of employment, which can take the form of an employment contract or evidence of self-employment.
  4. Medical insurance that covers the Bahamas, including COVID-19 coverage, for both you and your dependents.
  5. A student ID, if you intend to engage in remote studies.
  6. An entry visa (if applicable).
  7. Proof of income, for which a simple letter from your employer or school confirming your financial self-sufficiency is sufficient. No specific income percentage is specified.
  8. Documentation demonstrating a clean criminal record, obtainable from your local police department at your place of residence.

Taxes

The Bahamas is renowned as a tax haven, which implies that foreign individuals are exempt from paying income taxes, capital gain taxes, inheritance taxes, or gift taxes. Instead, the government derives its revenue from various alternative tax sources, including value-added taxes (VAT), property taxes, stamp duties, import levies, and license fees. Stamp duties typically range from 2.5% to 10%, while property taxes for investment properties are calculated based on the property's assessed value. For investment properties valued at less than $500,000, the tax rate is set at 1%, while properties exceeding this value are subject to a 2% tax rate. On owner-occupied properties, the annual property tax does not exceed $60,000.

As a digital nomad residing in the Bahamas, you are exempt from income taxes and capital gain taxes. However, it's important to note that you will be required to pay value-added taxes (VAT) when making purchases of goods and services.

Tax rate

47%

Who is it for?

The Bahamas Digital Nomad Visa is primarily intended for individuals who are digital nomads or remote workers. This visa is particularly targeted at the following groups:

  1. Digital Nomads: Individuals who have the flexibility to work from anywhere with an internet connection and choose to travel while working.
  1. Remote Workers: People who have jobs that allow them to work from a location outside their employer's physical office, often on a full-time or part-time basis.
  1. Freelancers: Self-employed professionals who offer services online and can work from various locations.
  1. Entrepreneurs: Those who run online businesses or startups and can manage their operations from the Bahamas.
  1. Location-Independent Professionals: Individuals whose work does not require them to be tied to a specific geographical location.

The aim of the Bahamas Digital Nomad Visa is to attract these groups of individuals to the Bahamas, promote tourism, stimulate the local economy, and encourage them to choose the Bahamas as a destination for their remote work and lifestyle. It offers an opportunity for digital nomads and remote workers to experience the culture, natural beauty, and lifestyle of the Bahamas while contributing to the local economy through their presence and spending.

What are the steps?

To apply for a Bahamas digital nomad visa, you must use the official BEATS website for an online application. Here are the steps to follow:

  1. Gather the Required Documents: Your initial task is to identify the necessary documents needed for your Bahamas digital nomad visa application and ensure you have them ready. (Refer to the document checklist listed under "Requirements for Bahamas Digital Nomad Visa").
  1. Initiate the Online Application: Visit the official BEATS website and click on "Get Started" to access the application platform. Complete all the mandatory information fields as required.
  1. Submit Application Processing Fees: Prior to submitting your application, you must remit an application processing fee of $25.
  1. Await Approval: You should anticipate waiting for up to five business days to receive an email notification regarding your application's approval or denial.
  1. Settle Residence Permit Fees: After obtaining approval, you will need to pay the residence permit fees. These fees are as follows:
    • - $1000 for each primary applicant
    • - $500 for each additional dependent
    • - If the dependent is also engaged in remote work, the $1000 fee applies
    • - Students opting for remote study have a permit fee of $500
  1. Obtain the Electronic QR Permit: Upon successfully completing the preceding steps, you will receive a confirmation QR code, which you must present upon your arrival in the Bahamas.
  1. Travel to the Bahamas: Your final action is to travel to the Bahamas. You are not required to have fixed accommodation as the Bahamas encourages remote workers to explore all of its 16 islands.

It's essential to note that depending on your citizenship and residency status, you may require an entry visa. To apply for a Bahamas visa, you should visit the local Bahamas embassy or consulate.

Timeline for approval

Completing the application form is a quick and straightforward process, typically taking just a few minutes of your time. Following this, you will need to exercise patience, as the next step involves waiting for a period of five business days for an immigration officer to carefully review and either approve or deny your application. During this brief waiting period, your application undergoes thorough evaluation to ensure that all necessary criteria are met, guaranteeing a well-informed decision regarding your digital nomad visa for the Bahamas.

Days required

14

Consular services

Apply now