Look beyond the natural beauty and you will find that Freeport is an extraordinary centre for private investment and business in Grand Bahama. From a macro-level, it has positioned itself positively in a number of areas and offers:
The Bahamas is a parliamentary democracy with a stable political system, and is recognized by Transparency International as among the jurisdictions least prone to corruption in the Caribbean.
Economically, The Bahamas has remained stable in its growth rate while inflation has not exceeded 3.5% over the past seven years (IMF).
Grand Bahama is easily accessed from the US, lying just 55 miles off the east coast of Florida.
This contrasts Grand Bahama with many other English-speaking delivery points, which can entail a full day’s travel.
In 2015, The Bahamas Government passed IPR legislation to strengthen the country’s existing IPR regime. These new laws cover patents, trademarks, copyrights, integrated circuits, false trade descriptions act, protection of new plant varieties, and geographical indications
Grand Bahama has at its disposal significant square footage of commercial property that can be leveraged by tech companies.
Leasing rates are reasonable, owing to the re-structuring of a number of financial services firms, which has made available facilities that are frequently ‘plug-and-play’ for ICT companies and require limited reconfiguration.
Take advantage of full regulatory support services, from the outset, a member of the Invest Grand Bahama team is assigned to all new investments.
We assist with securing requisite approvals and to lend support on solving any issue pertaining to relocating / expanding to (and operating from) Freeport. A business retention program that provides regular health checkups to make certain that in- vestors receive the municipal support required to ensure the best chance of success is also available.
To date, grand bahama’s value proposition has been validated by a number of independent sources, including a number of awards in the 2016 global free trade zone competition
If you are looking for a location from which value-added services can be delivered, Freeport, Grand Bahama has become the new Digital Paradise of The Caribbean and has captured the attention of major industry players.