.svg)
.svg)
.svg)
.svg)
.svg)
.svg)
Resources
Blog
Case Studies
War in UkrainePrivacy Policy
Terms and Conditions
FAQ
.png)
Acvian Platform
EOR
PEO
HR Service
to your unique needs.
Payroll
Immigration Support
international hires.
with a people-first approach to the table.
Customer care is our top priority.
About Us
Our Services
Our Team
Why Acvian
Careers
as much as our clients’.
Partner with Us
Our Offices
Hire and manage employees in Bahamas
Quick facts
The Bahamas is an archipelago in the Atlantic Ocean with a tourism-driven economy, complemented by financial services and agriculture. Its labor market reflects its unique island culture, with regulations supporting fair employment practices and an emphasis on work-life balance.
Employment Contracts
Employment contracts in the Bahamas can be verbal or written, with terms that may be expressed or implied. There is no legal requirement for a written employment contract.
Probation Period
The probationary period in the Bahamas typically ranges from 6 to 12 months.
Working Hours
The standard work week is 40 hours, with 8 hours per day being the norm. Standard business hours are generally 9 AM to 5 PM, Monday to Friday, and 10 AM to 5 PM on Saturdays. Overtime is paid at 1.5 times the regular rate or double the rate for public holidays.
Vacation Days
Employees are entitled to a minimum of two weeks’ vacation after 12 months of employment. If public holidays occur during the vacation, the leave period is extended accordingly.
Sick Leave
Employees with at least six months of tenure are entitled to one week of paid sick leave per year. Sick leave for single-day absences is unpaid, and a medical certificate is required for any period exceeding one day, except for the first day.
Wages and Salary Payment
Salaries are paid two days before the last working day of the month. If the date falls on a weekend, payment is made on the preceding Thursday or Friday.
In 2024 minimum wage in Bahamas was BSD6.50 per hour.
Public Holidays
The Bahamas recognizes 10 public holidays:
- New Year’s Day (1st January)
- Majority Rule Day (10th January)
- Good Friday (10th April)
- Easter Monday (13th April)
- Whit Monday (1st June)
- Labor Day (5th June)
- Independence Day (10th July)
- Emancipation Day (3rd August)
- National Heroes Day (12th October)
- Christmas Day (25th December)
Employer Taxes
Employers are required to contribute 5.9% of the employee’s salary to social security.
Employee Taxes
Employees contribute 3.9% of their salary to social security. There is no income tax in the Bahamas.
Notice Period
The notice period and severance entitlements depend on the employee’s tenure:
- 90 days or less: No notice or compensation.
- 91–179 days: No notice, 4% of total salary as accrued vacation pay.
- 6–12 months: 1 week’s notice or 1 week’s salary in lieu of notice, plus 1 week’s salary.
- Non-managerial employees (1+ year): 2 weeks’ notice or 2 weeks’ salary in lieu of notice.
- Managerial employees: 4 weeks’ notice or 4 weeks’ salary in lieu of notice, plus 4 weeks’ salary for each year of service, up to 12 years.
Termination and Severance Pay
Managerial employees receive severance pay calculated as four weeks of salary for each year of employment, capped at 12 years. Non-managerial employees are entitled to statutory notice periods and severance payments based on their length of service.
Forecast your employee cost in 180 countries in a matter of seconds
Payroll Estimator
Estimate payroll cost
Description | USD Sum | USD Sum |
|---|---|---|
Monthly Net Salary | 00.00 | 00.00 |
Monthly Employer Taxes | 00.00 | 00.00 |
Monthly Payroll Cost | 00.00 | 00.00 |
Employee Cost Calculator
We employ your team overseas
.svg)