Nassau is the capital, largest city, and commercial centre of the Commonwealth of the Bahamas. Nassau has nearly 80 percent of the entire population of The Bahamas. The city is located on the island of New Providence, which functions much like a federal district. While there is no local government, it is governed directly as an administrative division of the national government . 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 Nassau is 274,000 (2018 est.), while the inflation rate (CPI) is 1.8% for the Bahamas as at December 2017. For a single Expat, the personal income tax rate in the Bahamas is 0% as there is no personal income tax.
Cost Of Living
The cost of living for expatriates / professional migrants in In Nassau, 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): Nassau as at 1 July 2018 is very high in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Very High 2) Clothing: Average 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: Average 12) Restaurants Meals Out and Hotels: Very High 13) Transport: High Nassau is for example 83% more expensive than Houston TX for groceries, 138% more expensive for household costs than Kuala Lumpur, and 25.1% more expensive for transport costs than Dubai. The hardship premium for Nassau for an expat from Perth, is for example 10%, i.e. host location (Nassau) premium of 20% minus home (Perth) location premium of 10%. Nassau is ranked as a some hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Nassau? Register subscribe to your home location and Nassau and run your personalised reports.