- Overview: Bahamas
- Global HR Compliance
- Global PEO and payroll
- Work permit for hiring expats via PEO
- Expand without a company set up
- Contractor vs. employee: which is better?
Global PEO and Payroll in Bahamas
Getting your business up-and-running in Bahamas can be challenging, especially if you do not speak the native language. Establishing your own business entity in Bahamas is an option to be considered as you expand abroad. But before you invest valuable resources in setting up business in Bahamas, you should be fully aware of the risks involved.
Acumen’s Global PEO and Payroll solution was designed especially for companies like yours, to smooth the way for quick, easy and risk-free business operations in Bahamas, without having to establish a legal business entity.
Acumen International – Your Professional Employer Organization in Bahamas
Navigating the Bahamian legal system and adhering to regulations governing employment and taxation can be challenging for businesses, especially if you are not a native Bahamian speaker. Partnering with Acumen International as a global Professional Employer organization (PEO) provides you with the local knowledge and support you need to conduct business in Bahamas without concern for legal and compliance risks.
Whether you represent international client companies or you are taking your own business operations abroad, Acumen International’s Global PEO and payroll service allows you to hire and payroll local and expat employees in Bahamas. With Acumen in your corner, you can quickly and easily onboard and compensate your employees without risk of legal repercussions.
International Global Payroll and Taxation in Bahamas
Employment related taxes
Personal Income tax (PIT). Income is not taxed in the Bahamas.
In the Bahamas there are no income, capital gains, wealth, inheritance, succession, and gift or unemployment taxes.
Payroll Cycle in the Bahamas
The wages of such employee shall be made payable and paid at regular intervals of not more than one month to the individual employee.
Non-payroll taxes in the Bahamas
The Bahamas imposes a value-added tax (VAT) on the purchase of various consumer goods and services. Specific items that are subject to VAT can be found on the Bahamas government website.
Ready to get started? Request a quote!
How Acumen’s International PEO and Payroll Service can Benefit Your Business in Bahamas
Compensating your local and expat workforce in Bahamas and closely adhering to Bahamian taxation requirements can divert your attention and resources from activities that help your business grow. A reliable global employment solution like Acumen’s Global PEO and Payroll service can take a substantial burden off your shoulders so you can focus on running your company.
Outsourcing the administrative and compliance tasks involved in employee payroll is one approach, but we have a better solution. Acumen International offers a global PEO and payroll solution that goes beyond outsourcing. We hire and compensate your global workforce on your behalf, and take care of all the details of payroll while ensuring full compliance with Bahamian labor and taxation laws.
It is important to note that Acumen does not provide international global payroll services as a standalone solution, but only as a part of our global PEO and Payroll solution.
Our comprehensive global PEO and payroll services are just some of the benefits of partnering with Acumen International. We make it easy for you to achieve your business goals in Bahamas by officially employing and compensating your best selected global talent – both locals and expats – without concerns for legal and compliance risks faced by global employers.
Disclaimer: Any of the above information is subject to changes imposed by Bahamian laws. To get the latest updates on taxation in Bahamas and in 190 countries worldwide, contact Acumen’s team of global employment experts.