Taxes
Bahamas — Tax: Tax Residency
The Bahamas has a territorial tax system with no personal income tax, no capital gains tax, or inheritance tax imposed on individuals resident in The Bahamas, and there are residency fees and processing times for residency permits.
VerifiedGovernment / official sourceApply for Permanent Residence in The BahamasLast reviewed: 2026-10-03
Key facts
- no personal income tax, no capital gains tax, or inheritance tax imposed on individuals resident in The Bahamas
- residency fees and processing times for residency permits
Steps
- Determining Tax Residency — The Bahamas uses a 'residency' concept to determine tax liability, which can be influenced by factors such as physical presence, financial connections, and type of income. Individuals who spend more than 91 days in the Bahamas within a calendar year may be considered tax-resident.
Costs
- Annual Residency Fee: BS$100
Timelines
- Processing Time for Residency Permit: can take up to several months
Required documents
- Passport, Proof of Income, Proof of Address
Common mistakes
- Assuming that physical presence in the Bahamas automatically confers tax residency