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Old 02-02-2005, 04:59 PM   #1
debbieN
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Who has moved form the US to the Bahamas?

I am seriously thinking of moving my primary residence and applying for Bahamian citizenship.

who has done this and are there any major drawbacks?

I like the income tax there. It seems also that the standard of living is equal to the Sarasota area that I now live. Property taxes are lower but food, utilities, and building cost are about the same.

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Old 02-02-2005, 05:00 PM   #2
quiet
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shap moved from Canada. the only issues seem to be the limited amount of time you can spend in your former country (to avoid taxes), and the crazy weather.
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Old 02-02-2005, 05:09 PM   #3
debbieN
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the limited time would be a major issue.

limited to 5 months? or less?
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Old 02-02-2005, 05:11 PM   #4
debbieN
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If the time would be very limited I would have to figure out how to establish my company over there and have all my proceeds put into a Bahama bank.

Getting some of the money back to the US to pay mortgages and living expenses will have to be learned.

Time to get a good tax lawyer.
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