Bahamas Tax for Contractors
We provide Bahamas tax and payment solutions for contractors and freelance workers. All you have to do is send in your timesheets and expenses.
Send your details if you need advice on Umbrella Company and Tax services for your contract in Bahamas.
Expat contractors in Bahamas generally have the same goals: to retain as much of their income as possible by minimising tax, to be sure that the structure they use complies with local legislation, to get paid as quickly as possible and of course - to keep administrative tasks to a minimum. This allows you to get on with your work and spend your free time enjoying being in a new country.
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The good news is that Bahamas is a great place to work and to live. Culturally diverse with a good standard of living for expats. Personal income tax and social costs in Bahamas can be complicated pendant on your personal circumstances. There may also be implications with tax in your country of origin depending on whether there is a tax agreement between Bahamas and your home country.
Local bureaucracy can be an administrative nightmare! Unless you work through a structure with a thorough understanding of the local taxation system and people on the ground who can deal with officials, you can suffer greatly due to lack of compliance and low retention rates.
The type of structure available to you will depend on a number of factors:
Length of contract?
Intended length of stay in Bahamas?
Whether you are married and have dependents (PACS)?
Country of residence of the company you will be working?
All of these factors may play a part in not only how much income tax you will have to pay but of almost equal importance in Bahamas, your social security payments. Contact us now and provide us with information on your specific situation and with our vetted Contractor Management partners we will ensure that you net the highest % possible of your gross income.
What you need to know
- We know all the options for expat contractors
- You choose which service fits you best
- We help you make more money
- All you need to do is explain what you're after
- Our advice is free!
Contractor Case Study
"I got offered a lucrative long term contract in Bahamas but wasn't sure about my tax situation. A friend pointed me to Contractor Taxation. They helped me understand my options and gave some advice based on my circumstances. I picked a structure that suited me perfectly and it was all sorted out in days!" Toby R, SAP Consultant.