The manufacturing sector of the economy is rapidly maturing into a major contributor to growth and progress in The Bahamas. Today, manufacturing by offshore companies contributes $130 million to the economy annually with domestic manufacturing accounting for another $90 million.

Manufacturers enjoy a variety of tax breaks and attractive incentives by locating a business in The Bahamas. A mature tax haven, companies pay no taxes on personal or corporate income, capital gains, or dividends. Investors benefit from the Industries Encouragement Act which exempts manufacturers from import duties on raw materials and equipment and real property tax.

The Bahamas is strategically located 50 miles off the U.S. coast. Additionally, it is a party to The Caribbean Basin Initiative, CARIBCAN and the Lome IV Convention, which allow most Bahamian products to enter the U.S., Canada, and Europe duty-free - a market of close to 600 million people.

The Bahamas’ largest industrial centre is Freeport on the island of Grand Bahama. Freeport is a 200 square mile free trade zone and tax free zone whose focal point is the Freeport Harbour.

In July, 1997, a world class container transhipment terminal, able to accommodate the world’s largest ocean going vessels, came on stream in Freeport Harbour.

The infrastructure in The Bahamas is modern and well-suited to accommodate commerce. International air service is available throughout the islands and the telecommunications are modern and efficient. Additionally, the 3,500 kilometer road and highway system in The Bahamas is well developed and is constantly being upgraded.

Manufacturing Opportunities
Manufacturing operations are wide ranging and include Agriculture and Food Processing, Fisheries and Mariculture, Electronics Manufacturing, Pharmaceuticals Manufacturing, Computer Assembly, Jewelry Manufacturing, Personal Care and Cosmetic Products, Shoe and Garment Manufacturing, Tools Assembly and Manufacturing, Light Plastics Products and Furniture Manufacturing.