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Bahamas - Apply for Temporary Business License

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ProcedureEdit

Apply In-Person

  1. The Applicant has to submit an application in Form A to the Business Licence Division Office.
  2. Visit the following link for Contact Details Link.
  3. The Applicant can download the Form through this Form Link.
  4. The applicant shall secure Approval fromBahamas Investment Authority(BIA).
  5. Register the company with the Registrar General Office where they will be issued with a Certificate of Incorporation.
  6. Submit the Bahamas Investment Authority(BIA) approval along with the Certificate of Incorporation and a completed Business Registration Form A to the Business Licence Unit Office.
  7. The first part of the form is to register a business name, complete the entire application form and return to any of the Business Licence Division Offices.  Where there are no Business Licence Division Offices, the form can be returned to a Treasury Office or a Family Island Administrator.
  8. 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.
  9. The following must also be submitted along with the application:
    • Appropriate Registration Fee
    • Approvals related to your selected business
  10. On verification of the documents the applicant must pay the tax for Business License of 1.5% of the value of the contract.
  11. The processing time for the application is 7 Working days after which the BLU office will contact the applicant and inform them to collect their licence.


Apply Online

  1. To register online click on the following  Link
  2. Click in the tab “Sign up for Free”.
  3. It will redirect you to a new page for creating an account.
  4. The "Create Account" page displays. Complete registration form.
  5. Complete the registration by filling in the mandatory fields which are marked with *
  6. The applicant must read and agree to the Terms & Conditions and Privacy Policy before proceeding. After that, check the box indicating that you agree to the Terms & Conditions and Privacy Policy.
  7. Click on “Create My Account”, wherein the applicant will receive a message stating that the registration was successfully submitted and the username will be emailed to the address you provided.
  8. Now the applicant can login to the account with the “username”.
  9. To completely activate the account, the applicant must choose and answer three (3) security questions the first time they log in. they will need this information to reset your password or unlock your account if you forget your password or if it becomes locked.
  10. If the account is not activated within 90 days, it will be deleted and you would have to create a new one.
  11. Now Login to the account with the “username”.
  12. The first page will display the information and necessary documents required for the online registration.
  13. On the bottom, right side of the page click “start” tab.
  14. This will redirect you to the “Tax Registration”,
  15. Before registration of the Business License, the applicant has to provide a few tax payer details.
  16. The applicant will have to select the most appropriate options / responses from the options provided for every question.
  17. The Registration Option and number of steps will be automatically determined based on the previous question.
    • Select the Tax Payer Type
      • I am an authorised Person registering an Individual (Option 1)
      • I am an authorised Person registering a non-Individual entity (Option 2)
      • I am an authorised agent or representative of taxable entity (Option 3)
      • Click “Continue” Tab
    • Do I need to Register Section
      • Does the entity operate a business in Bahamas (Option 1)
      • Do you expect the taxable supplies for the next 12 months to be more than (Option 2) $100,000?
      • Click “Continue” Tab
    • Your Tax Registration Options
      • Tax Identification Number (TIN) (Selection 1)
      • Business License (Selection 2)
      • Value Added Tax (Selection 3)
      • Click “Next” Tab
    • Enter your Tax Payer Registration Details.
      • fill the Tax Payer details
    • Enter “Personal Information” details
      • Organization Type
      • Title
      • First Name / Last Name
      • Date of Birth
      • Personal NIB Number
      • Country of Residence
    • Enter “Business License” Details
      • Business Operated from Home (Option: Yes/No)
      • Business Ownership (Option: Bahamian Owned / Foreign Owned)
      • Click “Continue” Tab
    • Tax Payer can Apply for multiple Business Licenses by clicking the “Add New License” Tab.
    • After Clicking the tab enter details for the Business License.
    • Select the Business License you want to apply for.
    Annual / Temporary / Occasional (Options)
    • Then Fill in the details of the Business
    Red indicates mandatory fields
    Trade NameAlternative Trade Name
    Commencement date
    Expiry Date
    Business NIB No
    Expected Turnover for the Next Financial Year
    Number of employees
    • Business Classification Details
    Type of Business
    Business Description
    • Contact Details
    Email
    Phone No
    Fax No
    Business Address
    Island
    Settlement
    Building details
    • Supporting document upload section
      • Upload documents in the below format only with a maximum size of 2mb.
      • PDF (.pdf)
      • Excel (.xls / .xlsx)
      • Word (.doc / .docx)
      • Images (.gif / .jpg / .jpeg /.png)
      • Click “Attach Files” tab to upload supporting documents (eg. Utility Bills)
      • Then click on “Save Change”.
    • The applicant can also edit the information entered or click on the “Next” tab to continue.
    • Submission section
      • Click on the “Show Application Summary” form for review before the submission and click on the “Previous” Tab to make changes in the form.
    • Click to tick on the check box “I Agree to the terms and Conditions” and then select the tab” Submit Application”.
    • A confirmation page is displayed for the applicant to know that the application has been successfully submitted to the Ministry of Finance Department and Revenue.
    • The applicant will also receive an email of the confirmation along with the application number. This number can be used as a reference to get updates on the status of the application from the department.
    • Click “Finish” to complete the process and return to the home page.
  18. The applicant will be contacted by the Tax Officer during the application processing for any additional information.
  19. The Applicant can check the status of the application through the tracker tab on the “Online Administration System”.


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Required DocumentsEdit

For Apply In-Person Procedure

  • Prerequisite Approval 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 Licence, 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 authorising them to conduct business on their behalf.


For Apply Online Procedure

  • Supporting Documents to be scanned and uploaded in the online form.
  • Approval from The Bahamas Investment Authority or the Ministry of Finance.
  • National Insurance Board Registration Number/Letter of Good Standing
  • Certificate of Incorporation along with the annual company registration fee payment receipt or Certificate of Good Standing
  • Copy of the contract


Office Locations & ContactsEdit

Business License/Valuation Unit
Ground Floor Charlotte House
North Charlotte & Shirley Streets
P. O. Box 3017
Nassau
New Providence
The Bahamas
E-mail: [email protected] 

[email protected]

Phone: (242) 325-2233, 325-1171, 325-2126
Fax:     (242) 328-8003
Opening Hours: 9am to 4pm, Monday to Friday
Contact Address Details Link
Family Island Contact Link

EligibilityEdit

Following Business ventures can apply for a temporary business license:

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


FeesEdit

The processing fee for a Temporary license is 1.5% of the value of the contract.

ValidityEdit

It is valid for a period of three years.

Documents to UseEdit

Application Form Link.

Sample DocumentsEdit

Please attach sample completed documents that would help other people.


Processing TimeEdit

The license is processed immediately once all supporting documents are submitted.

Related VideosEdit

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'.


InstructionsEdit

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since january 1908.


Required InformationEdit

  • Application Type
  • Business Entity Type
  • Trading Name
  • Individual Name Contact/ Telephone/Fax/Status
  • Location of Business Operation
  • Email Address
  • Website
  • Mailing Address
  • Location of Business Operation
  • List of Owners/Partners/Managers/Members etc.
  • Date Business Started
  • Type of Business
  • Product Description
  • Financial Information


Need for the DocumentEdit

It is required to conduct a specific business for specific period of time.

Information which might helpEdit

Enter other information which might help.


Other uses of the Document/CertificateEdit

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


External LinksEdit


OthersEdit

More information which might help people.


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