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Bahamas | 36 Posts
Foodie Find | 4 Posts
Island Hopping | 1 Posts
October
12

There is always an adventure to be had in the Bahamas. From white sand beaches to cool marketplaces to relaxing spas and resorts, there is something for everybody. The Bahamas has over 700 islands, each with beautiful, sparkling seas of blue and pristine weather. In addition to the beaches, there are a large number of marketplaces, restaurants, shops, and entertainment centers all over the Bahamas. It is nearly impossible to ever be bored in this tropical escape. 

The Bahamas brings in millions of tourists every year. There are popular tourist attractions, and then there are must-see attractions that the locals flock to. Some of these venues may overlap because even Bahamians cannot get enough of the tropical paradise they dwell in. Below is a list of attractions that locals love. 

1. Atlantis Resort

Both tourists and locals love travelling to the Atlantis Resort, which is located on Paradise Island. There are a variety of activities that you can enjoy at this resort. If you are looking to relax and decompress, you can visit the spa. If you're looking for some thrills, you can check out the gigantic water park, which has some of the most impressive waterslides in the world. Along with those activities, you can browse boutique shops, eat at award-winning restaurants, and even swim with dolphins. This is a place that you absolutely cannot miss in the Bahamas. 

2. Bahamas Fish Fry

All the locals know about the grand fish fry that goes down at Arawak Cay in the capital city of Nassau. There is a whole strip of road filled with vendors creating some of the finest fish dishes in the Caribbean. The hand-painted colorful shacks and stands offer tourists and locals alike some can't-miss Bahamian cuisine. 

3. Queen's Staircase and Fort Fincastle

The Queen's Staircase, also referred to as the 66 steps by locals, is a legendary landmark of the Bahamas. This wonder of architecture was carved out of solid limestone rock between 1793 and 1794. These exotic stairs were named after Queen Victoria of Great Britain. 

The staircase leads to another historically significant spot. Fort Fincastle is located at the top of Queen's Staircase. It is also made of limestone and was constructed at the same time as the staircase. The fort offers an extraordinary view of Nassau and Paradise Island. 

4. The Straw Market

The acclaimed Straw Market is located on Bay Street in the heart of downtown Nassau. Bay Street is famous for its unique shops that sell fashionable items and crafts. There are tourist shops at the market, but there are also shops that sell special Bahamian crafts that you cannot find anywhere else. From straw handbags to hand-carved wood, you can find anything you could ever want or need at the market. The experience is unmatched, as you are sure to meet some brilliant craft makers and memorable salesmen. 

5. The Parliament Square

Parliament Square in Nassau is where the House of Parliament is located in the Bahamas. These are not your average government buildings: they are painted salmon pink to honor the vibrant and playful culture of the country. Loyalists from the United States constructed these buildings back in the early 1800s. This area is significant to locals because this is where the Bahamian Parliament meets to consider, debate, and change laws in the country. The Supreme Court and Senate buildings are in the Square, along with the House of Assembly. 

As you can tell, living in the Bahamas is fairly ideal. The beautiful landscape, paired with new sights to discover every day, promotes an exciting and active lifestyle. If you have considered investing in a move to the Bahamas, you should speak with associates at Morley Realty. There are many homes for sale in the Bahamas and Morley Realty has all the tools and experience to turn your Bahamian dream into a reality. 

September
21

man working on his laptop while he is out on the beach

Looking for a great place to start your new business venture? We appreciate your entrepreneurial spirit! Many people find there are many benefits and perks to starting a business in the Bahamas. 

Stimulating the economy, boosting tourism, and creating Bahamian jobs are a few of the ways new businesses help the Bahamas. Because of this, the government has created tax benefits and other incentives for entrepreneurs to start their businesses here. We'll be exploring those in more detail in this post. 

Booming Tourism Economy

If your new business is in the tourism sector, you're already off on the right foot! When tourism booms, so does the local economy. Over time, the more tourists and travelers that visit an area create an increase in demand for jobs in the Bahamas, bringing in additional people to work in this sector. 

This means the economy in this area experiences a huge shift and nearly every niche is in demand, from transportation services, apartment buildings and hotels, maintenance and custodial services, hair stylists, grocery and other food-based services like restaurants, and much more.

Because the Bahamas is obviously a paradise in itself, many destination management companies do very well here. These include honeymoon and wedding planners as well as typical vacation planning companies. 

Recreational companies like guided tours or undersea adventures, boating and fishing companies, and many more also see massive success here.

In a tourism-heavy country like the Bahamas, starting a business that somehow touches the tourism industry, no matter how small, will generate demand and heighten your chances of success in the region.

Tax Breaks in the Bahamas

There is no personal or corporate income tax, no capital gains tax, and no inheritance tax assessed by the Bahamas Government. There is no sales tax on goods, but there is Value Added Tax (VAT) on goods and services.

These tax breaks are hugely beneficial to a business starting out or just experiencing growth. You aren't putting away large portions of your revenue to pay taxes. You can invest in your company, your inventory, your commercial property, or in hiring more employees. 

The Bahamas has other business-friendly initiatives, including no corporate taxes, no annual filing or auditing requirements. 

Many businesses seek the relief the Bahamas provides for the tax initiatives listed above. Additionally, there are no restrictions on real estate purchases made by foreign investors, meaning you can purchase a commercial property space here quite easily. 

Recommendations for Doing Business in the Bahamas

  1. Create a company that falls in a well-developed sector, like tourism 
  2. Be aware of the higher cost of labor (if you plan to hire employees) and the government's involvement in particular industries 
  3. Because it is an island, local resources can often be limited or delayed. Have backup plans for urgent business needs involving inventory and staffing requirements 

While there may be some challenges when starting a business in the Bahamas, the rewards definitely outweigh the risk! You'll be creating local jobs, stimulating the economy, and avoiding tons of corporate and personal taxes along the way. The opportunity awaits you in the Bahamas if you are bold and strategic enough to make the move! 

If you're an entrepreneur thinking about moving to the Bahamas, be sure to reach out to Morley Realty as you explore the Bahamas real estate sector. Morley Commercial is the largest commercial sales, leasing, and property management agency in the Bahamas, and our experienced agents will get you into an ideal property that will set your business up for success. 

September
14

For some, island life may seem too far out of reach and is more of a lofty goal that has to wait until retirement, or at least the kids are shipped off to college. However, in reality, living on an island with kids is totally doable! 

Thanks to high-speed internet, homeschooling capabilities, and the digital nomad nature of many adapting industries, living in the Bahamas and raising a family can be a reality in your life if you want it to be. 

Raising a family doesn't have to be the cookie-cutter picture that many societies paint as the norm. We can all step out of our comfort zones and challenge ourselves to do things differently as we raise our children. It makes us better parents and helps us raise well-rounded children who are accepting of people from all walks of life.

There are many benefits children will gain while growing up in the Bahamas, and we've listed just a few of them here. 

Unmatched Culture and Experiences

Living in the Bahamas will be a cultural education in itself for children. From locals who have grown up here, residents who have seen the islands change through the decades, and ex-pats who sold it all to start over here and build a life — there are truly people from all corners of the globe, all with a story to tell. 

The islands are rich in historic culture, incredible foods, activities, and experiences that will shape your children and teach them about the world. 

Time Outdoors

Many people relocate to the islands for the change of pace, casual lifestyle, and to readjust the time they spend indoors to a nature-filled daily routine. Families will get all of this in the Bahamas. 

Many schools on the islands spend various classes outdoors studying marine life, the ocean, and weather patterns. 

With a weather forecast rarely dipping below the 60s or above the high 90s, spending time outdoors is possible nearly all year long. You can exercise, share meals, study, and work while enjoying stunning views, interacting with nature, and discovering what island life is all about. 

Schooling Options

When considering a move to the Bahamas, whether you have children or plan to start a family, research the school systems and learn what is offered in the area you are considering. 

The Bahamas offer many elite private schools on the islands. These schools are primarily located in New Providence and most are K through 12. If this is the route you want to take for your children, you have that option. 

You can also look into homeschooling, which many families find fits better into their routines and schedule. Some families find that balancing work, deadlines, homework, meals, chores, all while getting kids to school in the morning can be difficult, so some parents opt to home-school their children so they can have a more hands-on approach and be actively involved in their child's education. 

There is so much to learn and discover together on the islands, so this can be a beneficial decision for you as much as for your child.

If you are looking into real estate in the Bahamas and need a helping hand, don't hesitate to contact us at Morley Realty. Our team of experts can assist you with finding the perfect place to put down roots with your family. 

It can be overwhelming to shop for homes for sale in the Bahamas, so trusting one of our local agents who know the market will help you get the home that suits your family's needs and will keep you happy for years to come. 

August
3

If you're thinking about making an international move and the Bahamas is on your list, we highly encourage you to seriously consider this tropical paradise for your future home. From warm beaches to the gorgeous water and picturesque resorts, to the occasional celebrity sighting… the Bahamas has something for everyone. 

With that said, if you are looking at properties for sale in the Bahamas, we highly recommend carefully researching an agent  to help you with your search. Real estate in the Bahamas can be tricky, and you need someone in your corner who knows the lay of the land and can help you find the perfect abode for you and your family. 

While moving here may seem like the easiest decision you'll ever make, we put together a list of positive and practical reasons why relocating here is worth the money.

1. It's a smart investment to buy in the Bahamas 

The Bahamas Government maintains an investor-friendly outlook on real estate and welcomes international investors to buy property in the Bahamas in order to stimulate tourism and boost the local economy.

Because of this, Bahamas real estate is a smart place to invest. The opportunities here are plentiful — Whether you want to relocate and purchase a long-term home, buy an investment property and treat it as a vacation home, or create an AirBNB property; these investment options aren't as readily possible for many families living in other countries. 

2. The Bahamas are just a quick flight away from the "real world"

Maybe you (or your spouse) travel for work, and you need to be able to get back to the US easily. Maybe you have family or other responsibilities in the states, but still want to enjoy all that the Bahamas has to offer. The good news is that traveling from the Bahamas is quick and easy; we're located just off the coast of Florida.

3. There are major tax advantages to living in the Bahamas

If you're looking for a country where you can get impressive tax breaks, the Bahamas is a great option. There is virtually no income tax here. There are no taxes on capital gains, individual income, personal inheritances, or dividends. 

Property taxes for owner-occupied residences are as follows:

  • On the part of the market value that does not exceed $250,000 — Exempt
  • On the part of the market value that exceeds $250,000 and does not exceed $500,000 — 0.625%
  • On the part of the market value that exceeds $500,000 and does not exceed $5,000,000 —1%
  • On the part of the market value that exceeds $5,000,000 —½% ($60,000 annually cap)

Tax breaks can be a huge advantage for families, business owners, and investors. The tax advantages listed above are worth considering when you make your move!

4. The Bahamas are very family-friendly 

If you're looking for a spot to put down roots for your family, and instill important values in your children like culture, curiosity, and the beauty of the great outdoors— look no further! The Bahamas has it all, from sandy beaches with plenty of water sports and activities, premiere private schools, and an ex-pat and local community that will make you feel right at home. 

5. The lifestyle is much more relaxed 

If your life is high-stress, chaotic, or you don't feel like you get to spend enough time with your family, a move to the Bahamas could change all of that. Local residents and ex-pats alike have adopted the laidback lifestyle, which can be a healthy, positive change for many people. If this is the reason you are considering relocating, you'll find exactly what you're looking for here.

If you are looking at homes for sale in the Bahamas, we understand it can be overwhelming to know where to begin. If you need guidance or advice on navigating the home buying process in the Bahamas, don't hesitate to reach out to us. We'd be more than happy to help you find the perfect home for you and your family. 

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