About Grand Bahama
The Bahamas is a chain of subtropical islands in the Atlantic Ocean. Known as one of the most beautiful destinations. Just 50 miles off Florida's east coast on the island of Bimini. The capital, Nassau, is on New Providence, while Freeport and Lucaya combined on Grand Bahama are regarded as the nation's second city.
Political and Economic Stability
The Bahamas is a politically and economically stable nation with a democratic government. 50 percent of the country's gross domestic product (GOP) is related to tourism, and the next biggest economic driver is the financial services industry, which accounts for between 15 and 20 percent of the GOP. The Bahamas has around 250 banks and trust companies licensed by the Central Bank of The Bahamas.
Tax Advantages
One of the greatest appeals of using The Bahamas as a domicile for corporate and financial services is its low tax status, no taxes are levied on personal income, capital gains, corporate earnings, inheritances, or dividends. There is a value-added tax (VAT) of 10 percent on most goods and services.
Transportation Hub
There are 6 major airports, and Bahamas Air, the National Airline of the Bahamas links the chains of islands.
Grand Bahama is the northernmost of the islands of The Bahamas, lying 68 miles off the coast of North America. It is the fourth-largest island in The Bahamas island chain of approximately 700 islands and 2,400 cays. The island is roughly 530 square miles in area and approximately 96 by 17 in measurement.
The island is divided into three distinct sections: the Freeport Bonded Area, the western districts of East Grand Bahama, and West Grand Bahama.
Climate
Grand Bahama Island has a tropical savanna climate, with a hot and wet season from May through October and a warm and dry season from November through April. In Freeport, the summer high temperatures average 92 °F, with average lows of 26 °C (79 °F). During the winter, the average high temperature is 28 °C (82 °F), and the average low is 19 °C (66 °F). The rainy season in the Bahamas is from May to October. The hurricane season runs from June through November, with the greatest risk in the months of August, September, and October.
Infrastructure Excellence in the Caribbean
Grand Bahama has the best world-class infrastructure in the Caribbean. A tax-free shipping hub and international business center. Its location is on major shipping routes, making it an ideal location for a maritime service center and industrial hub. The island's natural beauty offers luxury living in modern and well-planned communities, international accessibility by sea and air, excellent digital telecommunications, exceptional amenities, and the largest and deepest port in the region.
Economic Development Partnership
The Bahamas Government entered into an agreement with the Grand Bahama Port Authority, requiring the GBPA to develop a harbor, industrial areas, and tourist facilities. In return, the government provided exemption from taxes, including import and export duties. You are guaranteed long-term tax concessions and benefits for financial, commercial, and industrial enterprises within this economic trade zone.
Make Grand Bahama Your Place To Invest
Whether considering buying a house, a second home, or property, relocating your corporate headquarters, building an overseas plant, increasing your global presence, or trading with some of the largest markets in the Western Hemisphere, Grand Bahama offers unmatched investment opportunities.
Government Services
Immigration
Bahamas Customs
Bahamas Investment Authority
G. B. Port Authority (Grand Bahama Port Authority)
Permits and Licenses
Key Factors
Location: Just 30 minutes away from Florida by commuter flights, the privately owned Grand Bahama International Airport boasts a modern 128,000-square-foot terminal, a US pre-clearance facility, and an 11,000-foot runway capable of handling the largest commercial aircraft in the world.
Fiscal Incentives: Freedom from income and investment taxes.
Free Trade Zone: The GBPA is the major provider and developer of services in the free trade zone.
Economic and Monetary Stability: Superior financial services.
Logistics and Transportation: The island has one of the largest and most efficient container terminals in the region and an international airport capable of handling the largest commercial aircraft
Quality of Life: The island's natural beauty offers luxury living in modern utilities, health facilities, and well-planned communities, with miles of pristine beaches, 20 miles of bulkhead canal systems, and championship golf courses.