Companies across a range of industries are reaping the benefits and enjoying the competitive advantages of doing business in Freeport. The sheer diversity of Grand Bahama's commercial and economic sectors is its greatest asset. Companies already established on the island– whether involved in shipping and maritime services, light industry, tourism, real estate development or financial services and e-business – know very well that Grand Bahama Island is the perfect place for international corporations to grow their business.
Excellent tax and financial benefits are among the key reasons why companies large and small have chosen to base their operations in Freeport.
In the wake of the Hawksbill Creek Agreement, Grand Bahama has become the industrial powerhouse of The Bahamas – a role that it continues to fulfill.
In the Freeport area alone, over 10,000 acres has been earmarked for industrial and commercial development. Many companies have chosen to relocate in Freeport and reap the benefits of the most successful purpose-built industrial zone in the region.
Alongside the industrial zone is one of the most efficient harbours in the region as well as an international airport capable of handling the largest aircraft in service and an international business and logistics park for value added and cargo handling activities.
The opportunities offered by Grand Bahama as an International Business Centre continue to expand as GBPA develops new infrastructure and refines services, and as new investors discover the tremendous competitive advantages for trade, industry, technology, and financial services, complemented by real estate development and tourism sectors that deliver world-class amenities and quality of life.
GBPA Makes The Difference
A primary reason so many companies choose to locate in Freeport is the capacity of GBPA, a private corporation mandated by the Government of The Bahamas to develop, administer and provide services within the port area.
Investors come not only to enjoy the unique tax advantages, but to operate within an efficientlyrun business environment sustained by GBPA. From preliminary fact-finding through grant of final licences, direct access and one-stop decisions, GBPA is focused on eliminating barriers to investment.
The Port Authority has also established an extensive infrastructure of companies and services that are at the centre of City Management, Licencing and Regulation, Municipal Services,
Utilities, and Economic Development. Together they sustain an environment for corporate and personal success.
It is GBPA’s ongoing mandate:
- To offer the most complete centre for international business in the region.
- To anticipate and fulfill the requirements for significant and profitable investments in targeted
- development sectors.
- To deliver a world-standard platform for trade, industry, tourism, real estate, technology, financial services and quality of life.