Bahamas News

NIB Registration and Contribution Status Letters

Published

6 years ago

February 9, 2018

#Bahamas, February 09, 2018 – Nassau – 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.

Press Release: NIB

Bahamas News

Bahamas Agriculture Advancements-Reduces Food Import Reliance

Published

8 hours ago

May 11, 2024

Shanieka

Rashaed Esson

Staff Writer

The Bahamas is on its way to greater national food security and being less dependent on food imports with the Ministry of Agriculture’s container farms, two of them, provided by Eeden Farms.

On its Facebook, the ministry informs that the farms, both 40 feet, are able to produce the equivalent of 5 acres of high quality produce annually, resistant to hurricanes and pesticide free.

A container farm is a 21st century farming method that involves growing plants inside customized storage or shipping containers.

Bahamas News

The Bahamas’ Prime Minister Philip Davis reiterated climate change concerns for his nation.

Published

8 hours ago

May 11, 2024

Shanieka

Rashaed Esson

Staff Writer

The Bahamas’ Prime Minister Philip Davis reiterated the threats of climate change to The Bahamas, speaking at a Global Citizen Conference in New York on May 2. He spoke of The Bahamas’ vulnerability as an ocean state, highlighting that more than 85 percent of the landmass is less than 3 meters above sea level and is porous limestone; a huge issue as water is able to seep into the land due to rising sea-levels. He expressed that Bahamians are “Doomed” to become climate refugees.

Bahamas News

U.S. Bird Flu outbreak to drive Poultry prices up says Super Value owner

Published

1 day ago

May 10, 2024

Shanieka

Rashsed Esson

Staff Writer

Bird Flu has been detected in domesticated birds in the US and now reports are saying in the next few months, chicken and turkey will more than likely be off the shelves as a result.

Bahamas supermarket mogul, Rupert Roberts, as owner of Super Value and Quality Supermarkets, is featured in a report by Guardian Business giving a frightening forecast. He fears poultry products will be wiped out.

This he says is scary.

He adds that suppliers are not saying much if anything at all, but are expecting this outcome worldwide.

The bird flu was found in chickens in Texas and Michigan, said media reports which also said one person was infected, as well as other livestock.

In response to the outbreak, the largest egg producer in the US, CalMaine Foods, temporarily stopped egg production in Texas and started executing over 1 million hens and 337 thousand chicks.

Despite this, Roberts reportedly said chicken and turkey supplies are safe for now. The Bahamas imports its turkey from Brazil, which Roberts hopes will grow to become the country’s main supplier.

However, the unfortunate outcome is that poultry prices are set to go up according to Roberts, as the small island nation competes with giant economies like China for poultry products.