OPPORTUNITIES IN MANUFACTURING

Manufacturers who locate their businesses in The Bahamas can benefit from a wide variety of incentives. These include exemption from import duties on building materials, equipment, designated raw materials and real property tax.
There are no legal impediments to the free flow of corporate profits, dividends, interest and royalties from The Bahamas to any international destination.

Most goods manufactured or processed on the islands have duty-free access to the markets of the U.S., Canada and the European Union (EU) under the Caribbean Basin Initiative, the Lome IV Agreement and Canada’s CARIBCAN program.
The Bahamas has a modern transportation infrastructure, including the ports at Nassau and Freeport and six major airports, and state-of-the- art telecommunications Bahamians are friendly, well-educated and loyal workers. The adult literacy rate is 95% and improvements have been made in technical and vocational training in the educational system to ensure that skilled labor is available for light industries.

Opportunities exist in the following manufacturing industries:
•agriculture and food processing
•fisheries
•electronics
•pharmaceuticals
•computer assembly
•jewelry
•cosmetics
•shoes and garments
•tools
•light plastics products
•furniture
•light machinery
•toy assembly