Capital City
Nassau
Currency
Bahamian Dollar
(
$
)
Timezone
GMT -5
Payroll Frequency
Tax Year
Employer Tax
Languages
English
Capital City
Nassau
Currency
Bahamian Dollar
(
$
)
Timezone
GMT -5
Payroll Frequency
Tax Year
Employer Tax
Languages
English
The Bahamas, an English-speaking nation in the Caribbean, is well known for its pristine clear waters and tropical climate.
Tourism has greatly contributed to their economy and employed two-thirds of their working population, while financial services come in second.
The country is also known as a tax haven, as the government does not impose taxes on income, capital gains, wealth, and on companies.
The Bahamas stands to be one of the richest countries in America.
Businesses can only operate smoothly in Bahamas if they comply with local labor laws including drafting compliant employment contract agreements and meeting taxation and payroll obligations. Learn more about the employment laws and regulations in Bahamas below, to avoid any compliance issues.
We can help you get a new employee started in Bahamas quickly, with a minimum onboarding time of just 1-2 working days. The timeline starts once the employee submits all required information onto the Playroll platform and completes any necessary local authority registrations. For non-nationals, the Right to Work assessment (if applicable) may add up to three extra days. Additional time may be needed for follow-ups on this assessment.
The payroll cycle in Bahamas is usually Monthly, with employees being paid as stipulated in employment contract.
In the Bahamas, work permits and visas are essential for employers hiring foreign workers. Employers must apply for work permits for expatriates, and the types of permits available include the Employment Work Permit for general employment, the Expatriate Work Permit for specialized roles, the Temporary Work Permit for short-term or seasonal jobs, and the Self-Employed Work Permit for foreign entrepreneurs. The application process involves submitting various documents, such as proof that no local candidates are available for the position, as well as meeting health and background check requirements. Employers must also handle the visa sponsorship process to ensure compliance with Bahamian immigration laws.
The annual leave entitlement in Bahamas is 14 days for a full time worker. These can include public holidays on top of that or within those days, which would otherwise be unpaid.
An Employer of Record (EOR) helps businesses manage annual leave, paid time off (PTO), and local holidays across the globe, including in Bahamas. By partnering with an EOR, companies ensure full compliance with local labor laws in Bahamas when it comes to annual leave and time-off management. EOR providers like Playroll offer platforms that simplify tracking and managing employee time off in Bahamas. By outsourcing this responsibility to Playroll, you can streamline leave management, ensure compliance, and free up time to focus on other business priorities.
Disclaimer
THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). Playroll does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect Playroll’s product delivery in any given jurisdiction. Playroll makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
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