Since October 2020, the Bahamas has offered a digital nomad visa known as the Bahamas Extended Access Travel Stay (BEATS), or the Bahamas Digital Nomad Visa. This program is suspended now.
A single applicant’s application fee was $1000, and the visa is valid for one year. The digital nomad visa could be renewed TWICE, allowing remote workers to stay in the Bahamas for a total of three years.
The Bahamas’ BEAT Program is Suspended
Unfortunately, the Bahamas Ministry of Tourism did not provide an explanation for why the BEAT initiative was terminated. They only posted a suspension flyer on Facebook.
What Is the Importance of This Suspension?
The important distinction is that it has a stamp from the Ministry of Immigration rather than the Ministry of Tourism, which was responsible for the program’s inception.
Furthermore, the leaflet did not specify if the suspension affected only new applicants or those already residing in the Bahamas on the BEATS program. As a result, it is currently suspended for both new and existing applicants. We’ll update this post as soon as there are any updates.
The information of this digital nomad visa when it was still active can be seen below.
The Bahamas in a Nutshell
The Bahamas are a Caribbean island series of about 700 islands in the North Atlantic Ocean, with 30 inhabited islands.
The term “Bahamas” is derived from the Spanish term “Baja mar,” which also means “shallow sea.” In fact, as the name implies, the ocean surrounding the Caribbean country is shallow. The Bahamas is well-known for its turquoise ocean and stunning white sand beaches.
Apart from being famous for hosting the FTX offices and SBF, the Bahamas has a rich colonial heritage that includes Parliament Square, the Prince George Wharf, three historic forts, the Cloisters, or Versailles Gardens, and Nassau, the capital city, is also known for its stunning beaches and resorts. As a result, you won’t have to worry about finding a good location to stay while working remotely.
There are a total of 5 co-working spaces in the capital Nassau, making it the best city in the Bahamas for digital nomads.
One of the most appealing aspects of the Bahamas for digital nomads is that the jurisdiction does not require you to pay income or capital gains taxes. When you buy certain products and services, however, you must pay VAT.
The Advantages of Being a Digital Nomad in the Bahamas
Working as a remote worker in the Bahamas had several advantages:
No taxation. As a digital nomad in the Bahamas, you are exempt from paying income or capital gain taxes.
Simplified visa application process. The online application for a Bahamas digital nomad visa takes only a few minutes to complete, and you will receive an answer within five business days.
Living expenses are reasonable. As a Bahamas digital nomad, the cost of living in the Bahamas varies based on where you live and when you visit. A one-bedroom apartment in the city center might cost $927.78, while one outside the city center might cost $725. You should budget $237.58 per month for utilities and $76.18 per month for internet.
Great weather. The Bahamas is ideal for folks who appreciate sunny weather, beaches, and working outside. The best time to visit is between November and April, when the weather is mild, there is plenty of sunshine, and there are less rainy days.
Modern medical care. The Bahamas has a well-developed healthcare system. When you are in need, you will never be far from a hospital or a doctor’s office because the island is home to over 55 medical facilities.
Culture abounds. The Bahamas has a distinct culture that has grown over time. The culture is a blend of African and British and American influences. Because music is so important in Bahamian culture, there are numerous festivals. Junkanoo Carnival, the Andros Crab Festival, the Eleuthera Pineapple Festival, and the Bahamas International Film Festival are among the most well-known festivals.
Recreational activities. Apart from relaxing on the beautiful Bahamian beaches, there are plenty additional activities available to digital nomads. Tubing, snorkeling, parasailing, boat rentals, and shark diving are just a few of the activities available.
Bahamas Digital Nomad Visa Requirements
The following documents are necessary to apply for the Bahamas digital nomad visa, and are very similar to other digital nomad visas:
- A filled-out application form. You can apply for a Bahamas digital nomad visa online. The link is no longer available.
- A valid passport. Passports must be valid for at least six months.
- Employment verification. This can be a contract of employment or documentation of self-employment.
- Medical coverage. You and all of your dependents require health insurance that includes COVID-19 coverage for the Bahamas.
- Student identification card For students who wish to study remotely, a student ID is required.
- Entry visa (if applicable)
- Income documentation. You merely need a letter from your employment or school confirming your financial independence. There is no mention of a specific percentage of income.
- Evidence of a clean criminal record. You can obtain verification of a clean criminal record from your local police agency.
How to Obtain a Bahamas Digital Nomad Visa
It will take 5 working days to receive the outcome of your application. If you are approved, you must pay the permit price and obtain a QR code to gain admission.
- Check to see if you qualify for a BEATS visa. If this is the case, gather the necessary documents and scan them.
- Fill out and submit the BEATS online form on the official website (no longer online).
- Select the ‘Work Remotely’ category and fill out all of the needed information.
- Upload the section-specific requirements and click ‘Submit.’
- Your application’s outcome will be sent to you by email. If you are approved, you will also be provided payment information.
- Pay the permit fee.
- Purchase an Electronic QR Permit
What is the price of the Bahamas Digital Nomad visa?
The application fee is USD 25 for each candidate and dependent. The permission fee for an applicant is USD 1000, plus USD 500 for each dependent.
Frequently Asked Questions
Before you receive an answer, you must first pay a $25 application fee. The permit fees are as follows if your application is approved:
- $1000 for the primary applicant; $500 for each additional dependant; however, if the dependent also works remotely, a $1000 fee applies.
- Each additional applicant will have to pay $500.
- Access to the University of the Bahamas is $1885. (optional)
It simply takes a few minutes to complete the application form. Following that, you must wait five working days for an immigration officer to approve or deny your application.
The Bahamas digital nomad visa is valid for one year. This visa is renewable twice and allows you to remain for up to three years.
The Bahamas is considered a tax haven. This means that foreigners are not obligated to pay income taxes, capital gains taxes, inheritance taxes, or gift taxes. Other types of taxes, including as value-added taxes (VAT), property taxes, stamp taxes, import duties, and license fees, also generate revenue for the government. The stamp tax ranges from 2.5% to 10%. Furthermore, in the case of investment properties, property taxes are based on the assessed value of the property. On investment properties worth less than $500,000, the tax rate is 1%. For homes valued more than $500,000, the tax rate is 2%. The annual property tax on owner-occupied properties is limited at $60,000 per year.
You are not obligated to pay income or capital gains taxes as a digital nomad in the Bahamas. When you buy products and services, you must pay value-added taxes (VAT).