Last Updated: Feb 2026

Bahamas Visa vs Iceland

Side-by-side comparison of tax rules, income requirements, and visa difficulty.

CriteriaBahamasIceland
Income$0 (Remote)$7,800/mo
Savings OptionLetter from employerN/A
Visa Fee$1,025$100
Processing5 days3-4 weeks
Validity1 year (renewable to 3)6 months
Cost TierHighUltra-High
Nomad Cost (est.)~$5,100/mo~$5,500/mo
1BR Rent~$2200~$1900
Internet75 Mbps150 Mbps
Pet Friendliness5/102/10
Tax trigger183 days180 days
Insurance requiredYesYes
Pet Catch (2026)Requires a Bahamian Import Permit and a $10 processing fee.Almost impossible for a 6-month stay.

Travel Insurance Required

Bahamas deep-diveIceland deep-dive