Hiring A Contractor From Overseas In Nassau
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FAQ
Finding Employment: It's Difficult While the Bahamas are more or less the place to be for foreign investors, expats who dream about working in the Bahamas have a hard time finding employment. This is due to the Bahamian government protecting its citizens and attempting to decrease unemployment among its own population.
Yes, a U.S. company can hire international workers abroad. However, hiring overseas employees comes with unique challenges, such as navigating foreign tax and employment regulations, correctly classifying international workers, and running global payroll.
Time required to obtain the Bahamas work permit On the other hand, obtaining a long-term work permit usually takes between 8 to 12 weeks. Additionally, the Bahamas Extended Access Travel Stay (BEATS) Program offers a quick turnaround time of approximately 5 days.
Work permits are necessary for expatriates who are not nationals of the Bahamas, and they are usually granted for a fixed period depending on the role and industry. Employers must apply for a work permit on behalf of the employee, and the type of work permit required will vary depending on the job's specific nature.
The current minimum wage in Bahamas is BSD6. 50 per hour in 2025. It became valid on January 1, 2023.
The Bahamas is one of the more difficult countries to obtain employment due to strict policies about foreigners working and wanting to provide jobs first and foremost to Bahamians. Generally non-citizens may not work within The Bahamas. There are exceptions for those having skills not available from a Bahamian.
Work permits are necessary for expatriates who are not nationals of the Bahamas, and they are usually granted for a fixed period depending on the role and industry. Employers must apply for a work permit on behalf of the employee, and the type of work permit required will vary depending on the job's specific nature.
U.S. companies can hire non-U.S. citizens as independent contractors without a work visa, provided the contractor performs the work from outside the U.S.
Foreign independent contractors must submit IRS Form W-8BEN or W-8BEN-E to certify their foreign status and claim any applicable tax treaty benefits. The US company may also need to file Form 1099-NEC if certain conditions are met, though this is more common for domestic contractors.
Require foreign freelancers and international vendors to submit IRS Form W-8. When hiring an international freelancer or vendor, you should have them fill out an IRS Form W-8BEN or W-8BEN-E to verify their foreign status. Form W-8BEN should be completed by an individual, while Form-8BEN-E is for entities.
