The Bahamas are a chain of Caribbean islands in the North Atlantic Ocean, southeast of Florida, northeast of Cuba. The climate is tropical and marine, moderated by the warm waters of the Gulf Stream. The official language is English. English is mainly spoken in business circles. The main religion is Christianity. The economy of The Bahamas is that of a stable, developing nation heavily dependent on tourism and offshore banking. In the Bahamas, North American business culture prevails, although the pace of business may be a little slower. While casual light clothing is generally worn outside of work, expatriate business dress can vary. Generally conservative dress is recommended for both men and women. The use of titles in business is also on the conservative side; the use of first names is regarded as informal and may be reserved for friends and family. Women are well represented in most professions at the highest level. The security risk for expatriates in the Bahamas is low overall, but medium in the southern neighbourhoods of Nassau. Risks include petty theft and street crime. Other risks include those associated with hurricanes and tropical storms. The currency of the Bahamas is the Bahamian Dollar (BSD), fixed to the US dollar. Medical facilities are good, however the cost of treatment for expatriates can be high. Cases of Chikungunya virus have been reported. The population of the Bahamas is 391,000 (2019 est.), while the inflation rate (CPI) is 3.6% for the Bahamas as at February 2019. Xpatulator Hypothetical Tax for the Bahamas is based on the current personal income tax rate which is 0% as there is no personal income tax.
Cost Of Living
The cost of living for expatriates / professional migrants in In Bahamas, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Bahamas as at 1 October 2019 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: High 3) Communication: Very High 4) Education: Very High 5) Furniture & Appliances: Very High 6) Groceries: Very High 7) Healthcare: Very High 8) Household Accommodation: Very High 9) Miscellaneous: Very High 10) Personal Care: Very High 11) Recreation & Culture: Very High 12) Restaurants Meals Out and Hotels: Very High 13) Transport: Very High Bahamas is for example 41.7% more expensive than USA for groceries, 38.2% more expensive for household costs than UK, and 188.5% more expensive for transport costs than India. The hardship premium for Bahamas for an expat from Australia, is for example 10%, i.e. host location (the Bahamas) premium of 20% minus home (Australia) location premium of 10%. Bahamas is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Bahamas? Register subscribe to your home location and Bahamas and run your personalised reports.