BAHAMAS
The Bahamas are a coral archipelago in the Atlantic Ocean. They consist of over 700 islands and coral islands, some uninhabited, others full of resorts. Grand Bahama and Paradise Island to the north are among the most famous and host many large hotels. Scuba diving and snorkeling takes place at the Great Barrier Reef in Andros, the Thunderball Cave (used in the James Bond movies) and Bimini’s Black Coral Gardens.
Italian citizens do not need to apply for a visa to travel to the Bahamas for tourism purposes and can stay for a maximum of 90 continuous days having their passport valid for at least six months.
Although with a different length of stay, citizens of the following countries have the possibility to travel to the Bahamas without the need for a tourist visa: United States of America, British Commonwealth citizens, Belgium, Greece, Iceland, Liechtenstein, Luxembourg, Netherlands, Norway, San Marino, Spain, Switzerland, Austria, Denmark, Finland, France, Germany, Ireland, Japan, South Africa, Sweden, Argentina, Bolivia, Brazil, Chile, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Suriname, Uruguay and Venezuela.
If instead the goal is to move for a longer period than is possible without a visa, and for a temporary or permanent period, you must apply for a special residence permit. This varies depending on the need, such as the annual type released to buy home or work remotely.
Moreover, the current tax system is very advantageous, since, to relocate your work here, means not to incur any personal income tax, whether it is salaried employees or capital income. Wealth taxes are also zero, such as inheritance and donation taxes. Finally, the VAT rate applied is 12%.
The financial sector is the second economic source of the country after tourism: there are numerous private international banks, insurance companies and the Bahamas also have a priority stock exchange: the Bahamas International Security Exchange.
If your goal is therefore to move to the country to buy a house, work or relocate the business priority, do not hesitate to contact us to receive further details and we will assist you throughout the process.