Business
Bahamas — Business: Social Security
National Insurance contributions in The Bahamas, per PwC Worldwide Tax Summaries.
VerifiedProfessional tax guide — not a government sourcePwC Worldwide Tax Summaries - The Bahamas, Individual: Other taxes (National Insurance)Last reviewed: 2026-10-27
Key facts
- Employers pay National Insurance at 6.65% of insurable remuneration.
- Employees pay 4.65%.
- Self-employed persons pay 10.3%.
- Contributions are calculated on a maximum remuneration of BSD 830 per week for employees, employers and the self-employed.
Steps
- Registering with the NIS — Businesses must register with the NIS and obtain a registration certificate, which requires providing proof of business operations and employee information.
- Complying with NIS requirements — Employers must ensure employees are registered with the NIS and make the required contributions, and must also comply with NIS regulations regarding benefit eligibility and payment.