Hiring in The Bahamas
Like much of the Caribbean, The Bahamas is a tropical paradise where golden sands and blue waters contrast beautifully with the lush green countryside. It’s a place where relaxing on the beach could be a daily pastime. But despite the warranted slow pace, The Bahamas are becoming a great place to invest and hire.
The tourism industry delivers around 50% of The Bahamas’ GDP, with many visitors taking advantage of the extensive hotels, resorts and cruise ship facilities. The Bahamas also has a highly competitive taxation policy, classifying it as an ‘offshore haven’.
English is the main language and the population of the Bahamas is highly educated. Hiring practices are well developed and employment law is available to all workers, regardless of nationality or position.
Why use TopSource Worldwide in The Bahamas?
We free your teams from the burden of managing payroll across borders, working diligently to ensure a seamless process across all activities.
We’ll manage the data flow from you to every local market and will return data to you in a readable format for each of your key teams, including payroll journals if needed.
Our services combine process excellence with a human-centric approach, and our top priority is always the care and compliance of your payroll — no matter where in the world you operate.
- Leverage our experience and ensure in-country Payroll compliance.
- Reduce processing and back office time.
- Align processes, reducing complexity and risk
- A single, centrally managed payroll system that delivers a fluid and consistent service to you and your employees.
- Flexibility of service — adapting to your needs, regardless of the market.
- The option to work with other providers you already have in place, if needed.
- Global HR data management and data tracking where required.
- Global payments support for both employees and authorities.
- A dedicated team and account manager so that you always have a central point of contact
What TopSource Worldwide provides in The Bahamas
- Simplicity – we provide one monthly consolidated invoice for the services provided inclusive of salaries, taxes, fees and employee expenses. This reduces banking costs and your finance teams time spent.
- One point of contact – a single Account manager looking after all your Payroll.
- Compliance – all funds payable to the employee are processed through payroll. You receive monthly evidence of taxation paid to the competent authorities in country.
- All services are provided by in-country experts that are professionally qualified in their respective fields.
- Electronic payslips for all employees.
- All Statutory filing completed by TopSource Worldwide.
We appreciate each situation and business is different. That is why we offer a consultative and bespoke solution to every client. We know one size does not ‘fit all’.
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