eor/select
Run a comparison
countries / bahamas
🇧🇸

Employer of record in Bahamas

19 sourced figures on hiring in Bahamas, drawn from 8 sources and normalized for comparison: statutory rules, employer cost and exactly what an EOR covers locally. Every figure is dated.

ISO BSRegion AmericasCurrency BSDVerified 2026-08-27

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
19 EOR providers, from $199/mo
Employer burden rank
statutory employer burden: cost, severance, notice
#137 of 192
Each band is derived from the 19 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. 19 EOR providers cover Bahamas.

Minimum wageBSD 1,126/moILOSTAT, 2024-01-01
Employer social security5.9%ISSA Country Profiles, 2024-01-01
Notice period2 weeksWorld Bank Employing Workers / B-READY, 2019-05-01
Severance10.7 weeksWorld Bank Employing Workers / B-READY, 2019-05-01
Annual leave10 daysNational government, 2026-01-01
Public holidays11 daysNational government, 2026-01-01
Maternity leavePaid leave available to mothers, incl. mother-eligible parental leave12 weeksWorld Bank Women, Business and the Law, 2026-02-23

As of 2026-08-27. 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 19 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: 19 figures for Bahamas from 8 sources, last refreshed 2026-08-27. Each value carries its source and the date it was pulled. Hover any provenance tag for the full chain.

employment & pay4 fields
Minimum wage
BSD 1,126/mo
ILOSTAT · 2024-01
Average monthly wage
BSD 1,257/mo
ILOSTAT · 2024-01
13th salary
None
National government · 2026-01
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
World Bank Employing Workers / B-READY · 2019-05
Notice period
2 weeks
World Bank Employing Workers / B-READY · 2019-05
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
10 days
National government · 2026-01
Public holidays
11 days
National government · 2026-01
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 (2023)

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 occupations2,038$2,038
Managers · ISCO 13,501$3,501
Professionals · ISCO 22,977$2,977
Technicians and associate professionals · ISCO 32,721$2,721
Clerical support workers · ISCO 41,922$1,922
Service and sales workers · ISCO 51,693$1,693
Skilled agricultural, forestry and fishery workers · ISCO 61,094$1,094
Craft and related trades workers · ISCO 72,057$2,057
Plant and machine operators and assemblers · ISCO 81,814$1,814
Elementary occupations · ISCO 91,207$1,207

Source: ILOSTAT (EAR_EMTA, employees, both sexes), reference year 2023. Survey earnings differ from statutory minimums above.

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 BSD 1,126/mo.
Statutory leave & public holidays● fullAccrual, tracking and payment run through the local payroll the EOR operates. 10 days 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

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

providerfrom / moselect score
Payoneer Workforce Management logoPayoneer Workforce ManagementSELECT PICKfrom $19978
Remote logoRemotefrom $69977
Pebl (formerly Velocity Global) logoPebl (formerly Velocity Global)Quote75
Remote People logoRemote Peoplefrom $19975
Rivermate logoRivermatefrom $31974
Deel logoDeelfrom $59974
Borderless AI logoBorderless AIfrom $57971
Playroll logoPlayrollfrom $39971
Show all 19 providers ↓
Oyster logoOysterfrom $69968
Thera logoTheraQuote67
Lano logoLanofrom $49965
Asanify logoAsanifyQuote65
Atlas HXM logoAtlas HXMfrom $59961
Foxhire logoFoxhireQuote61
GoGlobal logoGoGlobalQuote60
19 providers operate an EOR in Bahamas, ranked by Select Score. Price is each provider’s lowest published EOR rate (global, not country-specific).
See the ranked best EOR in Bahamas
Scored by the EOR Select rating systemSee the methodology →Built and maintained by Robbin SchuchmannUpdated 2026-08-27

Comparing EOR options for Bahamas?

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

Open the matrix