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Tax Free Zone Bahamas
Freeport Free Zone
Freeport is a 230-square-mile free trade zone on Grand Bahama Island, established in 1955 by the Government of The Bahamas.
The free trade zone is well-positioned for global commerce, located at the crossroads of routes between Europe, North and South American trade links, and international shipping transiting through the Panama Canal.
Under the Hawksbill Creek Agreement, businesses in the free trade zone pay no taxes on profits, capital gains, inheritance, income, earnings, distributions, gifts, or on imported and exported goods. In addition, import duties and taxes on real estate have been waived through August 3, 2015.
The Bahamian Parliament approved legislation in 1993 that extended most Freeport tax and duty exemptions through 2054.
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