Government Businesses Citizens and Residents Non-Residents

Investment Incentive Concessions, Applying for

The Commonwealth of The Bahamas welcomes International Inventors who wish to establish a business in The Bahamas.  From time to time, the Government of The Bahamas offers targeted investment incentives for particular types of projects.  All non-Bahamians, Permanent Resident or Citizen seeking to access a concession pursuant to the Government’s targeted investment incentive must apply to the Bahamas Investment Authority. 

There are no requirements for Bahamians to qualify for this service.  Non-Bahamians must have been approved in the first instance by the NEC to establish a business in The Bahamas.

Concessions are available under:

  • Hotels Encouragement Act
  • Industries Encouragement Act
  • The Bahamas Vacation Plan and Time-Sharing Act

Eligibility

Persons, both Bahamians and Non-Bahamians.

Process

  1. Complete the relevant application form and submit it to the Bahamas Investment Authority.
  2. The BIA would then determine whether the application is compliant with the Act.
  3. Once a determination is made, the applicant or agent is informed in writing.

Application Form(s)

Hotels Encouragement Act application form for exemption/reduction of customs duties

Form No.1 Industries Encouragement Act, Form of Application for Approval of Product

The Bahamas Vacation Plan and Time-Sharing Regulations - Form B Application for Developing Owner’s/Marketing Agent’s/Managing Agent’s Licence pursuant to The Bahamas Vacation Plan and Time-Sharing Act, 1999.

Supporting Documents

Supporting documents vary depending on the concession being sort.  Please see the relevant application form for details.

Turn-around time

A determination is communicated within 30 to 45 days following the submission of a completed application for concession.

Deadline

Please see deadlines associated with the relevant concession.

Related Fee(s)

There are no fees associated with this service.
 

For more information please contact
  • Address: Bahamas Investment Authority as Administrative Arm of the Investments Board, 4th Floor Cecil Wallace-Whitfield Centre, Cable Beach, P.O. Box CB-10980, Nassau, New Providence, The Bahamas
  • Fax: 242 327 5826
  • Email: bia@bahamas.gov.bs
  • Opening Hours: 9:00 am to 5:00 pm, Monday to Friday, except public holidays
  • Phone: +1 242 327 5826
  • Phone: +1 242 327 5829

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