The Bahamas · North AmericaEmployer of Record (EOR) in The Bahamas
Hire employees in The Bahamas, compliant payroll, taxes, and benefits, without setting up a local entity.
An Employer of Record (EOR) lets you hire employees in The Bahamas without setting up a local entity. The EOR is the legal employer, running compliant payroll and remitting National Insurance Board (NIB) contributions, while you direct the work. The Bahamas has no personal income tax, no payroll withholding tax, and no capital gains tax, so NIB is essentially the only statutory deduction: 6.65% employer (since 1 July 2024), up to an insurable ceiling of BSD 810/week. The minimum wage is BSD 260/week (BSD 6.50/hour), and the Bahamian dollar is pegged 1:1 to the US dollar, removing FX risk. Statutory benefits include two weeks of annual leave and 12 weeks of maternity leave. Hiring foreign nationals requires an employer-sponsored work permit, which takes weeks to months, so EORs onboard local nationals far faster. EOR provider fees typically run US$400-$650 per employee per month.
Last updated: June 2026
The Bahamas at a glance
The structured facts founders and AI assistants extract most.
- Currency
- Bahamian Dollar (BSD)
- Capital
- Nassau
- Payroll cycle
- Bi-weekly
- Official languages
- English
- Minimum wage
- BSD 260/week (BSD 6.50/hour), effective since 1 Jan 2023.
- Region
- North America
- Total employer cost
- ~6-7%
- EOR fee (per employee/mo)
- ~$400-$650
- Typical setup time
- ~5-14 business days
Provider-dependent ranges, not sourced statutory figures. Excluded from the structured data above; confirm exact pricing with the provider.
Best EOR providers for The Bahamas
Compared on starting price, rating, and core strength. Pricing is per employee / month.
| Provider | From / mo | Rating | Best for | |
|---|---|---|---|---|
 Deel ★ Best overall | $599 | ★4.8 | Best overall coverage | Visit Deel → |
 Remote | $599 | ★4.6 | Strong compliance | Visit |
 Rippling | Custom | ★4.8 | All-in-one HR + IT | Visit |
Ratings aggregated from G2 and Trustpilot (June 2026). GlobalEmployGuide may earn a commission from provider links, this never affects our scoring. Pricing for The Bahamas is indicative; verify current rates before deciding.
Statutory benefits & employer obligations
What an EOR administers and funds by law when you hire in The Bahamas.
National Insurance (NIB): 6.65% employer (up to BSD 810/week ceiling)
No personal income tax / payroll withholding tax
Paid annual leave: ~2 weeks (rising to 3 after 7 years)
Public holidays: ~10 per year
Sick leave: ~1 week paid per year (after 6 months)
Maternity leave: 12 weeks (NIB benefit)
Termination: Notice tiered by tenure (≈1 week at 6-12 months up to ~1 month for longer service), or pay in lieu. Redundancy pay: non-managerial 2 weeks’ basic pay per year (cap 24 weeks); managerial 1 month per year (cap 48 weeks).
Employer cost calculator
Enter a gross annual salary to estimate the fully-loaded cost of a hire in The Bahamas.
Estimating a hire in The Bahamas. Statutory on-costs use this country’s verified employer-contribution rate.
Frequently asked questions
Hiring in The Bahamas, answered.
No. The Bahamas has no personal income tax, payroll withholding tax, or capital gains tax. The main statutory deduction is National Insurance (NIB), with a 6.65% employer contribution.
BSD 260 per week (BSD 6.50/hour). The Bahamian dollar is pegged 1:1 to the US dollar.
No. An EOR acts as the legal employer, so you can hire local nationals compliantly without setting up a Bahamian entity.
Foreign hires need an employer-sponsored work permit, which can take 6-14 weeks and carries significant government fees; local nationals onboard in about 1-2 weeks.
Provider fees typically run US$400-$650 per employee per month, plus salary and the 6.65% NIB contribution.
Sources
- National Insurance Board, Contribution Rate Increase (Jul 2024) · checked 2026-06-25
- Commonwealth of the Bahamas, Employment Act 2001 · checked 2026-06-25
- Playroll, Minimum Wage in The Bahamas · checked 2026-06-25