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Bahamas - Apply for Temporary Business License

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Contents

Introduction

All businesses are required to be licensed under the Business License Bill 2010. A non-Bahamian applying to conduct a specific business in The Bahamas for a period of time is required to apply for a Temporary Business License.

Eligibility

Business ventures that require a temporary business license include:

  • Non Bahamian Company
  • Bahamian company with non-Bahamian partnership
  • A foreign person

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Instructions

Please provide instructions on obtaining the certificate/documents.
e.g. The state office holds birth records since january 1908.

Required Information

A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or County of Birth.

Procedure

  1. Secure Approval from BIA
  2. Register the company with the Registrar General Office where they will be issued with a Certificate of Incorporation.
  3. Submit the BIA approval along with the Certificate of Incorporation and a completed Business Registration Form A from the Business License Unit Offices
  4. The first part of the form is to register a business name, complete the entire application form and return to any of the Business License Division Offices. Where there are no Business License Division Offices, the form can be returned to a Treasury Office or a Family Island Administrator.
  5. Note: if any identified names are rejected, the applicant will be notified that the name choice was rejected and would be advised to select from the remaining choices previously given on the form.
  6. The following must also be submitted along with the application:
    1. Appropriate Registration Fee
    2. Approvals related to your selected business
  7. Once all document requirements are met, the applicant must pay the business license tax (fee) of 1½% of the value of the contract.
  8. The application is then processed within 7 working days and the BLU office will contact the applicant to inform them that they can collect their license.

Application Form for temporary business license:
http://forms.bahamas.gov.bs/documents/BUSLIC_Business%20Licence%20E-Form%20-%20Adjusted.pdf

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Required Documents

  • Prerequisite Approval (s) from relevant government or regulatory agencies where required. To determine if your type of business requires additional government and regulatory approval, please review the Guide for Requirements for License, which is included in the application form.
  • National Insurance Board Registration Number/Letter of Good Standing
  • Certificate of Incorporation from the Registrar General’s Department must accompany the application along with annual company registration fee payment receipt
  • Copy of the contract
  • Letter of authorization for Third Parties/Appointed Representatives, where a Third Party is used, such as an accountant or lawyer authorizing them to conduct business on their behalf.

Fees

Fee for a Temporary license is 1½% of the value of the contract.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents which can be used by people who would like to follow this procedure.    

Sample Documents

Please attach sample completed documents which would help other people who would like to follow this procedure.    

Processing Time

Once an application form and all supporting documents have been submitted, it is processed immediately. Sometimes the time frame may require a longer period for processing based on the type of application.

Office Locations & Contacts

Business License/Valuation Unit
Ground Floor Charlotte House
North Charlotte & Shirley Streets
P. O. Box 3017
Nassau
New Providence
The Bahamas
E-mail: businesslicenceinquiries@bahamas.gov.bs or
businesslicencecomplaints@bahamas.gov.bs
Phone: (242) 325-2233, 325-1171, 325-2126
Fax: (242) 328-8003

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Video

Videos explaining the procedure or to fill the applications. 
Attach videos using the following tag <&video type="website">video ID|width|height<&/video&> from external websites.
Please remove the "&" inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver, 
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url "http://www.youtube.com/watch?v=Y0US7oR_t3M" Video ID is "Y0US7oR_t3M". 
	

Information which might help

Enter other informations which might help

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

http://www.bahamas.gov.bs

Others

More information which might help people.
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