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Employer of record in Bahamas

20 sourced figures on hiring in Bahamas, drawn from 7 sources and normalized for comparison: statutory rules, employer cost and exactly what an EOR covers locally. Every figure is dated.

ISO BSRegion AmericasCurrency BSDLanguages EnglishVerified 2026-10-16

Hiring here: straightforward, inexpensive to employ, and fast to hire via EOR.

cost of employment
LOW
5.9% employer social security
ease of exit
MODERATE
10.7 weeks severance, 2 weeks notice
speed to hire
DAYS
20 EOR providers, from $199/mo
Employer burden rank
statutory employer burden: cost, severance, notice
#137 of 192
Each band is derived from the 20 sourced fields below and recomputed on every refresh. See the methodology.
Statutory snapshot

Employer of record in Bahamas: the statutory snapshot

The headline employer costs, pay floor and worker protections for hiring in Bahamas through an employer of record, each figure sourced and dated. 20 EOR providers cover Bahamas.

Minimum wage1,127/moNational government, 2023-01-01
Employer social security5.9%ISSA Country Profiles, 2024-01-01
Notice period2 weeksNational government, 2026-09-12
Severance10.7 weeksNational government, 2026-09-12
Annual leave (minimum, once eligible)10National government, 2026-09-12
Public holidays11National government, 2026-09-12
Maternity leavePaid leave available to mothers, incl. mother-eligible parental leave12 weeksWorld Bank Women, Business and the Law, 2026-02-23

As of 2026-10-16. Each value is the winning figure from primary and harmonized sources, resolved by a documented priority chain. Full record with provenance below.

Where to start

Three ways to hire in Bahamas

Own entity

You are the employer. Lowest per head cost at scale, months to establish.

Best for large, permanent headcount.
EORfastest

You direct the work, the provider's local entity is the employer on paper. Compliant in days.

See the 20 providers below ↓
Best for 1 to 50 hires, for speed, or to test a market.
Contractor

Not your employee. Fastest and cheapest, with misclassification exposure.

Best for genuinely independent, short term work.
Compare entity setup cost against EOR fees for Bahamas →

The full record

Every figure behind the snapshot

Not a guide, a record: 20 figures for Bahamas from 7 sources, last refreshed 2026-10-16. Each value carries its source and the date it was pulled. Hover any provenance tag for the full chain.

employment & pay5 fields
Minimum wage
1,127/mo
National government · 2023-01
Average monthly wage
BSD 2,944/mo
ILOSTAT · 2024-01
13th salary
None
National government · 2026-01
Statutory weekly hours
40 hrs/wk
National government · 2003-02
Actual weekly hours
40 hrs/wk
ILOSTAT · 2023-01
cost & taxes3 fields
Employer social security
5.9%
ISSA Country Profiles · 2024-01
Employee social security
3.9%
ISSA Country Profiles · 2024-01
VAT / GST
10%
PwC Worldwide Tax Summaries · 2026-07
termination2 fields
Severance
10.7 weeks
National government · 2026-09
Notice period
2 weeks
National government · 2026-09
leave4 fields
Maternity leavePaid leave available to mothers, incl. mother-eligible parental leave
12 weeks
World Bank Women, Business and the Law · 2026-02
Paternity leavePaid leave available to fathers, incl. father-eligible parental leave
None
World Bank Women, Business and the Law · 2026-02
Annual leave (minimum, once eligible)
10
National government · 2026-09
Public holidays
11
National government · 2026-09
labour market6 fields
Unemployment
9.21%
World Bank Open Data · 2025-01
Inflation
0.41%
World Bank Open Data · 2024-01
GDP per capita
$39,455
World Bank Open Data · 2024-01
GNI per capita
$37,020
World Bank Open Data · 2024-01
Labour force
245,159 people
World Bank Open Data · 2025-01
Retirement age
65 yrs
SSA Social Security Programs Throughout the World · 2019-01
Salary by occupation

Average monthly earnings in Bahamas by occupation (2024)

Gross monthly earnings of employees per ISCO-08 major occupation group, in BSD — the official ILOSTAT survey figures, not estimates. Use them to sanity-check an offer before an EOR quote turns it into total employer cost.

Occupation groupMonthly (BSD)≈ USD
All occupations2,966$2,966
Managers · ISCO 14,484$4,484
Professionals · ISCO 23,325$3,325
Technicians and associate professionals · ISCO 33,434$3,434
Clerical support workers · ISCO 42,862$2,862
Service and sales workers · ISCO 52,641$2,641
Skilled agricultural, forestry and fishery workers · ISCO 62,864$2,864
Craft and related trades workers · ISCO 72,947$2,947
Plant and machine operators and assemblers · ISCO 81,794$1,794
Elementary occupations · ISCO 92,566$2,566

Source: ILOSTAT (EAR_EMTA, employees, both sexes), reference year 2024. Survey earnings differ from statutory minimums above.

// recent updates

What changed in Bahamas

Checked against official sources on 16 October 2026

No rule changes recorded since we began logging them.

Corrections to our data

  1. Minimum monthly wageCorrected 11 October 2026

    Now 1,126.67 a month, was 909.3 a month. BSD 260/week x 52 / 12 (BSD 6.50/hr, 40 h) since 1 Jan 2023 (private sector)

    Source →

Every figure is sourced and dated. How we verify the data →

The differentiator

What an EOR handles in Bahamas

An EOR removes the entity and the payroll machinery. It does not remove your obligations as the people manager.

obligationeor coverswhat that means for you
Legal employer of record● fullThe EOR's local entity is the employer on paper. No entity setup required.
Payroll, tax & social security● fullGross-to-net, statutory withholding and employer contributions remitted locally. Employer social security here is 5.9%.
Compliant local contract● fullDrafted to local labour law and language requirements. Here statutory notice is 2 weeks and the wage floor is 1,127/mo.
Statutory leave & public holidays● fullAccrual, tracking and payment run through the local payroll the EOR operates. 10 annual leave, 11 public holidays and 12 weeks maternity leave.
Statutory severance on exit● partialThe EOR computes and processes it, but the cost is billed to you (often pre-funded). Statutory severance here is 10.7 weeks.
Termination decision & risk● partialThe EOR runs the legal process; the business reason, timing and exposure stay yours.
Work permits / visas (foreigners)● partialSome providers sponsor, many don't. Confirm per provider in the table below.
Performance management● noneDay-to-day direction, reviews and PIPs are entirely on your side.
Equity / ESOP administration● noneCross-border equity handling sits outside standard EOR scope.

Provider × country

Who can employ in Bahamas

20 providers operate an EOR in Bahamas, ranked by Select Score.

providerfrom / moselect score
Pebl (formerly Velocity Global) logoPebl (formerly Velocity Global)SELECT PICK$399/mo80
Payoneer Workforce Management logoPayoneer Workforce Management$199/mo79
Remote logoRemote$699/mo76
Remote People logoRemote People$199/mo74
Deel logoDeel$599/mo73
Rivermate logoRivermate$319/mo72
Borderless AI logoBorderless AI$579/mo71
Playroll logoPlayroll$399/mo71
Show all 20 providers ↓
Lano logoLano€499/mo66
Teamed logoTeamed$599/mo66
Thera logoTheraQuote65
Oyster logoOyster$699/mo65
Asanify logoAsanifyQuote65
Atlas HXM logoAtlas HXM$599/mo62
Foxhire logoFoxhireQuote61
GoGlobal logoGoGlobalQuote60
20 providers operate an EOR in Bahamas, ranked by Select Score. Price is each provider’s lowest published EOR rate (global, not country-specific).
Scored by the EOR Select rating systemSee the methodology →Built and maintained by Robbin SchuchmannUpdated 2026-10-16

Comparing EOR options for Bahamas?

Run a side-by-side on the providers that actually operate there.

Open the matrix →