What do I need to know before retiring in New Providence?

"Really take a close look at the cost of living before deciding. Everything is much more expensive here then it would be in most parts of the world. As an example a car here will cost about double the value in the USA. If you import it they add 75-80% duty on the value they determine (along with all the freight costs it quickly gets to 100% on top of the value) and if you purchase here the prices are already about double the price in the USA to begin with. Rent, Water and electricity are also very expensive here. This is not a location you would come to in order to lower your cost of living and "stretch" your salary but if you can afford the high cost of living the weather, beaches and people are quite inviting," remarked another expat in New Providence, Bahamas.

"Before retiring in New Providence, it is important to become familiar with the cost of living in the area, consider health care options, review the country's taxation policies, understand the visa requirements, research the availability of activities and amenities, and familiarize yourself with the local culture, transportation options, and climate. It is also important to take into account any special needs you or your family might have and to research the availability of any public or private services or benefits. Additionally, if you plan to open a business or purchase property in New Providence, it is essential to research the applicable laws and regulations," said a member in New Providence, Bahamas.

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GeoBlue is a trusted leader in international health insurance. Wherever your destination, GeoBlue can keep you and your family covered with the right health insurance. Get a GeoBlue Quote Today!
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