Doing Business In Grand Bahama
Grand Bahama stands out from the crowd as the perfect place to set up and grow a business. There are investment opportunities across a range of sectors, with all kinds of economic concessions and financial incentives. In addition, The Bahamas is one of the world’s leading financial centres, offering first-class advice and expertise as well as providing a stable political and social environment.
Under the terms of the Hawksbill Creek Agreement, companies operate tax-free within the Freeport and Lucaya area. Company profits are exempt from income tax, capital gains tax, property estate tax and import and export duties.
This single fact should be reason enough to invest in Freeport. But it gets better. With a near-perfect climate, a tranquil and safe way of life, a stable government, a skilled workforce, a modern infrastructure and close proximity to the United States, the benefits to investors in Grand Bahama are manifold.
Many companies have found the opportunities for investment and the advantages of operating from Freeport simply compelling. Those who choose Freeport to base their business will see at first hand why many so many others have followed a similar path.
With so much in its favour, there has never been a better time to invest in Freeport and Grand Bahama Island. Investment and economic incentives are driving growth in all six key sectors – industry, trade, financial services, technology, real estate and tourism – led by a seamless and efficient licensing process that allows quick and easy access to the local business community.