The recent changes to UK tax laws, which include the abolition of the non-dom regime and the introduction of stricter residency-based taxation, have made the Bahamas an increasingly attractive alternative for high-net-worth individuals seeking a more favorable lifestyle environment.
The Bahamas, ranked 3rd globally in Knight Frank’s 2024 Luxury Prime International Residential Index (PIRI 100), offers a zero-tax regime, pristine beaches, and proximity to the Americas, along with a stable legal framework and a streamlined residency process. Beyond financial benefits, the Bahamas boasts a superior climate with year-round tropical weather, stunning beaches, and a relaxed island lifestyle, far more appealing than the UAE’s desert heat and urban sprawl. Its strategic location in the Atlantic also provides easier access to North and South America, making it ideal for those with business or personal ties to the Americas, while still offering world-class infrastructure and luxury living.
While the UAE is known for its artificial attractions and fast-paced commercial hubs, the Bahamas offers a more authentic, tranquil, and exclusive environment and lifestyle, with its vibrant culture, lower population density, and greater emphasis on natural beauty and outdoor activities. Proximity to major Canadian and South American and US cities like Miami (just a short flight away) ensures convenience without sacrificing privacy or quality of life.
For non-doms seeking a balance between tax efficiency, lifestyle, and global accessibility, the Bahamas presents a compelling case over the UAE.
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Rosalyn Brown: rbrown(at)bhhsb(dotted)com / Cell & WhatsApp: 242.376.1249