Bahamas
Bahamas is measured on 2 of the 4 factors. No published figure exists for safety or education, so it is not ranked: an average over some of the factors is a different quantity from an average over all of them, and comparing the two would reward the gap. The figures below are published as they stand.
How Bahamas performs
Tax
Light taxes. The Bahamas has one of the lightest tax burdens in the index, 8th of 123. You keep more of what you earn here than in most countries we cover. Personal income tax No personal income tax, corporate tax No corporate income tax, VAT 10%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Data not available for this country.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Expensive. The Bahamas is one of the most expensive places to live in the index, 117th of 118. Plan for high everyday costs.
Source: Numbeo Cost of Living Index
Education
Data not available for this country.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | No corporate income tax |
|---|---|
| Personal income tax | No personal income tax |
| Standard VAT | 10% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 6 years residency, with 10 years of legal status
- Language requirement
- No
- Investment Immigration Pathway
- Bahamas Economic Permanent Residency
- Official language
- EnglishBahamian Creole is also widely used
- Dual citizenship
- Allows with conditions
Dominican Republic
Trinidad and Tobago
Jamaica