Freeport Facts

In 2016, Freeport was named the Best Free Trade Zone Overall for SMEs in Latin America and The Caribbean

Located just 68 miles from the coast of Florida, the island of Grand Bahama is the most northern island in The Bahamas' archipelago

Grand Bahama’s strategic location has it ideally positioned at the center of major international trade lanes leading to Africa, Australia, Europe, South, Central and North America. On the island of Grand Bahama lies the city of Freeport, a modern 230-square mile, tax-friendly, free trade zone with world class infrastructure.

Freeport is administered and regulated by a private organization known as The Grand Bahama Port Authority. In conjunction with The Government of The Bahamas, The Grand Bahama Port Authority has engaged in the best possible give-and-take relationship with private enterprises, resulting in the creation of a thriving city with more than 52,000 people.

When you look beyond the stunning beaches and natural beauty of The Bahamas, you will find out that Freeport is an extraordinary center for business and private investment. With the city of Freeport being a free trade zone, there is a wide array of tax incentives. Companies are exempted from income tax, capital gains tax, property estate tax and import and export duties.

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Key Points

Number of licensed businesses in Freeport
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GDP Per Capita, PPP

Figures reflect the excellent quality of life enjoyed in The Bahamas as indicated by its Gross Domestic Product (GDP) per capita which ranks among the top in the world.

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Major Companies

Ship Repair Services
Logistics & Transportation
Polymers International Ltd.
Pharmaceutical Manufacturing
Oil Storage & Blending
Mediterranean Shipping company (MSC)
Doctor’s Hospital
Abaco Markets Limited
Fuel Supply
Power Generation
Western Atlantic University School of Medicine
Royal Caribbean Cruise Lines
Carnival Cruise Lines
Lucayas Solar Power
Xquisite Yachts
Advance Disposal
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Interesting Facts

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Consumer price index

Figures reflect lower cost of living than regional and key global competitors

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Profit tax (% of commercial profits)

Figures reflect Grand Bahama pool of skilled workers across a wide array of skill sets available to help you meet your objectives.

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Telephone lines (per 100 people)

Figures reflect advanced telecom, utilities and support services. With the second highest broadband Internet home penetration rate in the region, the local workforce offers a high level of technological literacy

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Population ages 15-64 (% of total)

Figures reflect mass population

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Mobile cellular subscriptions (per 100 people)

Figures reflect advanced telecom, utilities and support services

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