Bahamas

The Bahamas has built its economy on sun‑soaked beaches, tourism and offshore finance. With no personal or corporate income tax, it’s a magnet for businesses and talent. But behind that zero‑tax allure lurk detailed rules on social insurance, licences, work hours and leave. Get these right and you’ll sail through compliance with the trade winds at your back.
Contractor Management
Payroll
Contractor of Record
EOR
Currency
Eastern Caribbean Dollar (XCD)
Payroll Frequency
Monthly (weekly or biweekly)
Employer Taxes
6.65%

Overview

Population
~400 000
Language
English
Capital
Nassau
Currency
Eastern Caribbean Dollar (XCD)
Country code
+1‑242
Min wage
BSD 10.00/hour
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Salaried Employees
Time-Based Employees
13th Salary
  •  Not required but often a festive bonus

Avg employer tax

6.65%

Tax Breakdown

Social Insurance (NIB) - 9.8%:

Employer
5.9% of insurable earnings
Employee
3.9%

Business Licence Tax:

Turnover ≤ BSD 100 000
exempt
 > 100 000–500 000
0.5% of turnover
> 500 000–5 million
0.75%
> 5 million
1.25%

VAT

VAT

12%

Tax Calculation for Bahamas
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Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Request a detailed quotation
How it works

Onboarding Process

Onboarding in Bahamas typically includes the following steps to ensure a smooth transition for new hires:

Draft the Contract

Spell out role, salary, hours, probation, notice, leave and benefits.

Register with NIB

Enrol each hire in the National Insurance Board before their first payday.

Collect Documents

Photo ID, proof of address, NIB number, bank details and, for foreigners, a valid work permit.

Set Up Payroll

Withhold social insurance contributions and VAT where applicable, and file by the deadlines.

Pre-boarding

Pre-boarding

Pre-boarding

Key Elements of an Employment Contract in Bahamas
When drafting an employment contract for employees in Bahamas, the following key elements should be included:

Personal Details

Name, contact information, and role of the employee.

Employee Leave Policies

Sick days
  • Up to 10 days per year, doctor’s note after two consecutive days
Maternity leave
  • 12 weeks total, with social insurance covering two‑thirds of pay and employers often topping up the rest
Paternity leave
  • Not mandated; up to one week unpaid leave is common after six months’ service

Adoption Leave:

  • No statutory entitlement
Annual Leave
  • Two weeks after one year, three weeks after seven years
11 Public holidays in Bahamas
1st
New Year's Day
10th
Majority Rule Day
18th
Good Friday
21st
Easter Monday
6th
Labour Day (first Friday in June)
9th
Whit Monday
10th
Independence Day
4th
Emancipation Day
13th
National Heroes Day
25th
Christmas Day
26th
Boxing Day

Termination Process

Notice period

  • Under six months: none
  • Six–12 months: one week or pay in lieu, plus one week’s severance
  • Over one year (non‑managerial): two weeks or pay in lieu
  • Over one year (managerial): four weeks or pay in lieu
  • More than ten years: eight weeks

Severance pay

  • Non‑managerial: two weeks’ pay per year of service (max 24 weeks)
  • More than ten years: three weeks’ pay per service year

Cause

  • Misconduct, performance or redundancy. Gross misconduct can lead to immediate dismissal without notice.

Probation Period

The law doesn’t set a fixed trial term. In practice, employers often use up to 12 months as probation, spelled out in the contract. During that time you can let someone go with minimal notice.

Personal Details

Name, contact information, and role of the employee.

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Challenges of Remote Hiring in _

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Grow Your Team in Bahamas
with RemotePass

No income tax sounds easy until you face local filings, licences and social‑insurance returns. RemotePass handles contracts, NIB, licence tax and VAT so you can focus on island time minus the admin.

Building and expanding a global workforce is seamless with RemotePass. Our platform simplifies the complexities of hiring, payroll, and compliance across over 150 countries, including Bahamas.

With RemotePass, you can quickly onboard international employees, manage payroll, ensure legal compliance, and provide competitive benefits—all from one place. Focus on growing your business while we handle the HR and legal intricacies.

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Bahamas

The Bahamas has built its economy on sun‑soaked beaches, tourism and offshore finance. With no personal or corporate income tax, it’s a magnet for businesses and talent. But behind that zero‑tax allure lurk detailed rules on social insurance, licences, work hours and leave. Get these right and you’ll sail through compliance with the trade winds at your back.
Contractor Management
Payroll
Contractor of Record
EOR
العملة
Eastern Caribbean Dollar (XCD)
تردد الرواتب
Monthly (weekly or biweekly)
ضرائب أصحاب العمل
6.65%

نظرة عامة

التركيبة السكانية
~400 000
اللغة
English
العاصمة
Nassau
العملة
Eastern Caribbean Dollar (XCD)
رمز الاتصال الدولي
+1‑242
الحد الأدنى للأجور
BSD 10.00/hour
ساعات العمل
8 hours per day
أيام الأسبوع
Monday to Friday
ساعات العمل اسبوعيا
40 hours per week

الرواتب

الموظفون برواتب ثابتة
الموظفون بنظام الأجر الزمني
13th Salary
  •  Not required but often a festive bonus

متوسط ​​ضريبة صاحب العمل

6.65%

تحصيل الضرائب

Social Insurance (NIB) - 9.8%:

Employer
5.9% of insurable earnings
Employee
3.9%

Business Licence Tax:

Turnover ≤ BSD 100 000
exempt
 > 100 000–500 000
0.5% of turnover
> 500 000–5 million
0.75%
> 5 million
1.25%

ضريبة القيمة المضافة

ضريبة القيمة المضافة

12%

حساب الضريبة في Bahamas
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تكلفة صاحب العمل
إجمالي تكلفة التوظيف الشهرية
GBP 9,633
إجمالي تكاليف الراتب الشهري
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب الشهري

GBP 5,137
الراتب الشهري الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
تكلفة صاحب العمل
إجمالي تكلفة التوظيف السنوية
GBP 9,633
إجمالي تكاليف الرواتب السنوية
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب السنوي

GBP 5,137
الراتب السنوي الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
اطلب عرض أسعار تفصيلي
كيف تعمل الخدمة

عملية الانضمام

تشمل عملية التوظيف في Bahamas عادة الخطوات التالية لضمان انتقال سلس للموظفين الجدد:

Draft the Contract

Spell out role, salary, hours, probation, notice, leave and benefits.

Register with NIB

Enrol each hire in the National Insurance Board before their first payday.

Collect Documents

Photo ID, proof of address, NIB number, bank details and, for foreigners, a valid work permit.

Set Up Payroll

Withhold social insurance contributions and VAT where applicable, and file by the deadlines.

Pre-boarding

Pre-boarding

Pre-boarding

العناصر الأساسية في عقد العمل في Bahamas
عند إعداد عقد عمل للموظفين في Bahamas يجب تضمين العناصر الأساسية التالية:

Personal Details

Name, contact information, and role of the employee.

سياسات إجازات الموظفين

الإجازات المرضية
  • Up to 10 days per year, doctor’s note after two consecutive days
إجازة الأمومة
  • 12 weeks total, with social insurance covering two‑thirds of pay and employers often topping up the rest
إجازة الأبوة
  • Not mandated; up to one week unpaid leave is common after six months’ service

Adoption Leave:

  • No statutory entitlement
الإجازة السنوية
  • Two weeks after one year, three weeks after seven years
11 عطلات رسمية في Bahamas
1st
New Year's Day
10th
Majority Rule Day
18th
Good Friday
21st
Easter Monday
6th
Labour Day (first Friday in June)
9th
Whit Monday
10th
Independence Day
4th
Emancipation Day
13th
National Heroes Day
25th
Christmas Day
26th
Boxing Day

عملية إنهاء العقود

Notice period

  • Under six months: none
  • Six–12 months: one week or pay in lieu, plus one week’s severance
  • Over one year (non‑managerial): two weeks or pay in lieu
  • Over one year (managerial): four weeks or pay in lieu
  • More than ten years: eight weeks

Severance pay

  • Non‑managerial: two weeks’ pay per year of service (max 24 weeks)
  • More than ten years: three weeks’ pay per service year

Cause

  • Misconduct, performance or redundancy. Gross misconduct can lead to immediate dismissal without notice.

Probation Period

The law doesn’t set a fixed trial term. In practice, employers often use up to 12 months as probation, spelled out in the contract. During that time you can let someone go with minimal notice.

Personal Details

Name, contact information, and role of the employee.

نمو سوق العمل عن بُعد _  

تحديات التوظيف عن بُعد في  _

تبسيط التوظيف عن بُعد في _ مع ريموت باس

نمِّ فريقك في Bahamas
مع ريموت باس

No income tax sounds easy until you face local filings, licences and social‑insurance returns. RemotePass handles contracts, NIB, licence tax and VAT so you can focus on island time minus the admin.

يصبح بناء فريق عالمي وتوسيعه مهمة سهلة مع ريموت باس. منصتنا تبسّط تعقيدات التوظيف والرواتب والامتثال القانوني في أكثر من 150 دولة، بما في ذلك Bahamas.

مع ريموت باس، يمكنك ضم الموظفين الدوليين بسرعة، وإدارة الرواتب، وضمان الامتثال القانوني، وتقديم مزايا تنافسية — كل ذلك من مكان واحد. ركّز على تنمية أعمالك، ودع المهام الإدارية والقانونية علينا.

تجربة مجانية لمدة 7 أيام

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