Grand Bahama Island : Business Made Easy
Grand Bahama Island is home to the City of Freeport; a TAX FREE TRADE ZONE; unlike any other in the world. It offers a multifaceted investment platform from which to conduct business GLOBALLY.
The island of is perfectly positioned to provide an array of opportunities for investment in the Trade/Logistics, Technology/Financial Services, Manufacturing/Assembly, Value Addition and Tourism/Maritime sectors.
By air, Freeport is within an 18 to 30-minute flight from the US mainland, with direct flights offering access to most major US Cities; beyond this, it lies within 4 hours of more than 200 million people. Within Grand Bahama’s 96 mile long by 17 mile-wide landscape, exists the conveniences and amenities of a cosmopolitan city, surrounded by the serene and beauty of ‘island living’.
The city’s centre, Freeport, is created and managed by a quasi-governmental organization known as The Grand Bahama Port Authority (GBPA) and administered by legislation known as the Hawksbill Creek Agreement. This allows GBPA, in collaboration with The Bahamas Government, the ability to provide some of the most attractive business incentives; and an efficient process for investing.
The Government of The Bahamas and GBPA remain committed to providing an attractive and efficient investment environment in the Caribbean region. And, it is as a result of this strategic partnership; we are able to see investment projects from its initial application phase, through to a thorough and efficient start-up of operations.
During the last 5 years we have seen a tremendous amount of investment activity, including the multi-billion dollar acquisition of the VOPAK Facility here in Freeport by Buckeye Partners L.P. and its multi-million dollar investment for the future expansion of that facility making it the largest in the hemisphere and the 4th largest in the world.
Additionally, Emera’s construction of an $85M, 52 megawatt, power generation facility, and the recent signing of its Regulatory Framework add to Freeport’s impressive investment activity portfolio. Not to mention, the ongoing million-dollar expansion project by the Freeport Harbour Company and the Freeport Container Port that will create greater handling capacity and more efficiency in services for the countless number of vessels calling at its Port.
As Grand Bahama’s industrial sector continues to expand, GBPA is actively working to attract future business, offering complementary products and services that support opportunities such as:
Alternative Energy Sources
Maritime Sector Expansion
Warehousing, Distribution and Value-Added Services
Light Manufacturing & Assembly
Information & Communications Technology
Real Estate Development
Boutique & Luxury Resort Development
Unique developments like Glamping or Overwater Bungalows
Themed resorts
Second home ownership
Timeshare or fractional ownership
Each sector is ripe with opportunity for further growth and diversification; be it via Trade/Logistics, Finance/Commercial, Manufacturing/Industry and Tourism/Maritime; we have the available land mass for major development projects; we have superior infrastructure to support it, and we offer the most investor friendly environment that encourages new investment. For more information contact 1-242-350918 / email: begin@investgrandbahama.com or visit us at www.investgrandbahama.com or www.gbpa.com
