Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
NIB advises on business registration changes

As a part of the government’s Ease of Doing Business initiative, the National Insurance Board of The Bahamas has advised of upcoming changes in the application process for business registration and contribution status letters. Read the recent press release here. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Monday, February 5, 2018
Monday, February 5, 2018

As a part of the government’s Ease of Doing Business initiative, the National Insurance Board (NIB) has advised of upcoming changes in the application process for business registration and contribution status letters. Read the recent press release here.

Read the recent press release here:


NIB REGISTRATION AND CONTRIBUTION STATUS LETTERS
As a part of the government’s “Ease of Doing Business” initiative, the National Insurance Board (NIB) is pleased to advise of upcoming changes in the application process for business registration and contribution status letters (letters of good standing). These changes will coincide with upgrades to the Department of Inland Revenue’s (DIR) website, which will be available on February 5, 2018. The changes to the website will eliminate the need for employers and self-employed persons to visit NIB to register new businesses and obtain contribution status letters for business license renewals. With the new integrated application process for business license, employers can look forward to submitting their NIB applications online through the Department of Inland Revenue’s (DIR) website at “inlandrevenue.finance.gov.bs”.

Employers will need to be compliant with NIB contributions for their business license to be approved, and are encouraged to ensure that their accounts are up-to-date. It should be noted that contribution payment cannot be made using the DIR website. Persons may continue to make contribution payments either in-person at an NIB Office, or online through the Royal Bank of Canada.
The process to obtain contribution status letters for the renewal of work permits for the Department of Immigration purposes will remain the same until further notice, and requires an in-person application at NIB offices.

NIB appreciates the cooperation of the public in transitioning to the new business registration process, and aims to continue to improve its customer service.

The Caribbean region's largest tourism marketing event will be held in Jamaica next year.

Prime Minister Hubert Minnis has outlined the government’s strategy for improving the Ease of Doing Business in The Bahamas. Watch a ZNS Network news report here.

The Bahamas Investor
Administrative Links
  


  © 2018 ETIENNE DUPUCH JR PUBLICATIONS LTD