What do you need to know to hire in the Bahamas?

A Bahamian hire costs the employee's salary, the statutory employer contributions set by local law, and Teamed's flat fee. National insurance and any other employer items apply. Our team confirms the current rates for your role before you commit to a number. Teamed's Bahamas fee sits inside the total cost envelope, not outside it.

The fee is a starting rate, with zero FX in any currency pairing. No setup fees. No exit fees. Salaries, taxes, and benefits pass through at cost on every invoice. The cost breakdown guide gives you the full picture with worked examples once your role is scoped.

Registering a Bahamian company takes time and brings ongoing local filings. An Employer of Record is faster and cheaper at low headcount. Teamed runs Bahamian payroll, contracts, and compliance from day one through a vetted local partner. You direct the work. Teamed carries the legal employer role.

The crossover point depends on your Bahamian salaries and local accounting costs. Most EOR providers will not tell you when you have crossed it. We do, and we help you move. You progress from contractor to EOR to your own Bahamian entity on one platform under Teamed's Graduation Model, with tenure preserved. The EOR vs entity guide runs those numbers.

The Bahamas runs its employment rules under the Employment Act and its payroll contributions through the National Insurance Board. National insurance rates are reviewed from time to time, so the figure that applies to your hire is the one in force on payroll day. We track the current rules rather than print a rate that may move on this overview.

Teamed confirms the live national insurance split and the statutory minimums for pay, leave, notice, and severance before you make an offer. The hiring guide and the tax and payroll guide carry the detail for your role.

Statutory minimums apply to annual leave, sick leave, and maternity leave under Bahamian employment law. The exact entitlements scale with length of service and the type of role. We confirm the current figures for your hire rather than print a number we cannot stand behind on this overview. National insurance also applies on the employer side.

Teamed sets every Bahamian contract to the local statutory floor or above. The hiring guide and the tax and payroll guide cover each entitlement in full once your role is scoped.

There is no PAYE income tax to run on a Bahamian salary. The main payroll item is national insurance, split between employer and employee under local law. The rates and the insurable earnings ceiling are set by the National Insurance Board and our team confirms the current figures for your role before payroll starts.

Teamed runs Bahamian payroll, makes the national insurance remittances, and itemises every line on your invoice. The tax and payroll guide sets out each contribution once your role is scoped.

Bahamian law sets the minimum notice period and the redundancy severance an employee is owed. Both scale with length of service and the type of role. The rules differ for managerial staff. We confirm the current figures for your specific hire rather than quote a number on this overview.

Teamed runs the full process to the local statutory standard, from notice through final settlement. The termination and severance guide runs the detail once your role is scoped.

The Bahamas is an English-speaking Caribbean market. Offers, contracts, and day-to-day work all run in English. That removes the translation step many other markets add. Time zones sit close to the US east coast, which suits teams working with North America.

The currency peg keeps pay predictable. The Bahamian dollar tracks the US dollar one to one. A salary set in BSD reads the same as the same number in USD. Teamed adds zero FX mark-up on top, so the figure you budget is the figure you pay. Our team confirms the local statutory items that sit on top before you make an offer.