Bahamas - Get Letter of Good Standing from National Insurance Board

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Procedure

Apply In-Person:

1. To get a Letter of Good Standing from National Insurance Board, interested party must first register the name of the business with NIB. The procedure for that is explained here [Place link to Bahamas - Register Business in National Insurance Board]
2. Then the applicant has to visit any nearest office of the National Insurance Board (NIB) in his/her state of residence. The address and contact details of branch offices across the country can be found in the following link address details
3. Visit the office and get an application form to get a Letter of Good Standing from the concerned officer.
4. Alternatively, you can also download the form by clicking on the following Link to Form
5. Complete the application form with appropriate information under relevant sections.
6. Attest it with your signature once completed.
7. Once completed filling the application form, make sure that you have attached all the documents listed in the “Required documents” section of this page.
8. Then, submit it in person to the relevant authority at the NIB office.
9. After submission, your application along with the attached documents will be forwarded for further verifications.
10. Once the internal process is over, a Letter of Good Standing is issued by the NIB verifying that the applicant’s account is current and that the Employer does not owe NIB.

Apply Online

1. To get a Letter of Good Standing from National Insurance Board, interested party must first register the name of the business with NIB. The procedure for that is explained here [Place link to Bahamas - Register Business in National Insurance Board]
2. Then the applicant has to visit the official website of the National Insurance Board (NIB) and download the applicable form. Link to website: Link
3. You can also download the form by clicking on the following Link to Form
4. Complete the application form with appropriate information under relevant sections.
5. Attest it with your signature once completed.
6. Submit it at the local NIB office or email the completed form to [email protected]
7. After submission, your application along with the attached documents will be forwarded for further verifications.
8. Once the internal process is over, a Letter of Good Standing is issued by the NIB verifying that the applicant’s account is current and that the Employer does not owe NIB.

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Required Documents

• Completed Contribution Status Letter Link to Download
• Completed Letter of Good Standing Form Link to Form

Office Locations & Contacts

THE NATIONAL INSURANCE BOARD
Of the Common Wealth of Bahamas
Clifford Darling Complex
P.O. Box N 7508Baillou Hill Road,
Jumbey VillageNassau,
Bahamas
502.1654 TEL
Website: Link
Contact: Link

Eligibility

Businesses (employers) can apply.

Fees

Explain the fees structure which is required for obtaining the certificate/document.

Validity

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

Documents to Use

Application Form
Link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

Processing time is 5 (five) business days.

Related Videos

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'.

Instructions

• Have a current account with the correct rate of contribution payments.
• Contribution payments must be paid for all employees.
• If collecting the Letter of Good Standing on behalf of an Employer, an authorization letter is required.

Required Information

• Business Details
• Self-Employed/Voluntarily Insured Registrants Only
• Secondary Registrants Only
• Address Information
• Declaration

Need for the Document

A Letter of Good Standing is issued by the National Insurance Board (NIB) verifying that an Employer’s account is current and that NIB has no objection with issuing a letter stating that the Employer does not owe NIB.

Information which might help

• The National Insurance programme is a partner with employers in advancing the economic security of workers of The Bahamas.
• When employers pay contributions on behalf of workers, they are released from the obligation of paying full wages when employees are off sick or on maternity leave, and they are excused from liability when job-related injuries and diseases happen.

Other uses of the Document/Certificate

Once registered, the employer/ self-employed are assigned a unique nine (9) digit number which can be used for payment and recording of contribution payments.

External Links

Link

Others

More information which might help people.