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Labor Laws in The Bahamas

  • Annual Leave: 2 weeks
  • Maternity Leave: 12 weeks
  • Public Holidays: 11
  • Workweek: 40 hours per week.

Income Tax in The Bahamas

Income is not taxed in The Bahamas.

Value Added Tax (VAT) in The Bahamas

The Bahamas imposes a value-added tax (VAT) on the purchase of various consumer goods and services. The standard rate of VAT is 10%.

Social Security in The Bahamas.

All employees and employers must contribute to the social security (national insurance) scheme. Contribution rates are based on the amount of weekly or monthly wages.

Effective from July 2024, the rates will be increased by 1.5%. For example, if the rate increases by 1.5%, the employers' portion rises from 5.9% to 6.65%, and the employees' portion increases from 3.9% to 4.65%.

Work Visas The Bahamas

Here is work visa information for The Bahamas, download our guide for an extensive breakdown.

The right of expatriates to work in the Bahamas is restricted and regulated by the Bahamas government through the Department of Immigration.

The government attempts to ensure that immigrants do not create unfair employment competition for Bahamians.

An expatriate may not be offered a position for which a suitably qualified Bahamian is available. No quota system exists for work permits.

Hire Bahamian Talent with Global Expansion

Setting up a company in The Bahamas can be expensive and complex. Global Expansion simplifies your entry into this market.

We handle hiring, HR, and payroll while ensuring compliance with local regulations, all without establishing a local entity.

Our Bahamas Employer of Record (EOR) solution gives you the freedom to focus on your business growth.

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