Non-Bahamian

Non-Bahamian

The Grand Bahama Port Authority, Limited [GBPA] is responsible for licensing all businesses within the 'Port Area' of Grand Bahama Island, and has an efficient process for approving new investment. Bahamian applications are processed an average of 2-weeks. Potential investors can expect to receive helpful guidance from GBPA's Licensing Department every step of the way to make the process as straightforward and effortless as possible.

There is a huge scope for future investment across a range of sectors including trade, industry, real estate, tourism, financial services and technology.

Submission of Application:

Application form completed and submitted

  • Appendix “A” Form completed and submitted
    (In the event of partnership these Forms must be completed by each Shareholder).
  • Non-refundable $1,500.00 processing fee
  • Submission of Financial and Business References for each partner/shareholder, with personal identity data to enable independent background search and verification.
  • Any other pertinent information that may support the application, including Business Plan and explanation of goods/services to be produced/provided.

Download Application

Processing of new license applicantions:

Upon receipt of application it is reviewed to confirm all required information has been submitted.

Foreign applications are dealt with on a case-by-case basis and as soon as the application is received it is reviewed and processed. The file is copied and forwarded to an international firm for investigation and confirmation of details of personal background, financial worth, and any other information relevant to the applicant's business competency and suitability to engage in business in Freeport.

The international investigation may require a period of 2 - 4 weeks for completion.

  • Upon receipt of the Investigator's Report, a special agenda is prepared detailing business description, business plan, financial and personal reports provided by the Investigator. The Agenda Sheet will also include any recommendations, comments or notes from Customer Relations Department.
  • The File is then forwarded for review and approval by Executive Management.
  • Upon approval by Executive Management the file is copied and forwarded to the necessary Government Ministry for notation.
  • Once approved, letters are prepared and issued within the following work week, confirming the terms and conditions on which approvals have been granted.

Acceptance of license:

Upon acceptance of the terms and conditions as confirmed in the Letter of Offer, the following is required:

  • Full payment of first year’s license fee.
  • Payment of $25.00 for inspection of approved premises.
  • A letter of occupancy or Lease Agreement from Landlord.
  • Confirmation of Business Trade Name (if any).
  • Documents of Incorporation (if Company).

Preliminary processing

Before the License Agreement can be prepared the following is required:

  • An Inspection Request is forwarded to the Building and Development Services Department to determine the following:
    1. Building zoning compliance
    2. Business zoning compliance
    3. Adequacy and design of space requirements for intended use

Preparation of license agreement

  • A formal License Agreement is then issued to the applicant and/or attorney of record requiring execution and return within 21 days for execution by Company Officers.
  • After execution by Company Officers, the original document is forwarded to the applicant with a letter addressed to the Controller of Customs supporting the issuance of a Customs Bond.

Permanent residents

Married to a Bahamian citizen
Permanent Residents married to Bahamian Citizens are regarded as Bahamian Citizens for licensing purposes. Accompanying their Application should be a copy of the Permanent Residency Certificate, Marriage Certificate and any other documentation that confirms the spouse is a Bahamian Citizen.

Permanent residents
Permanent Residents not married to Bahamian Citizens may be considered for a license reserved for 100% Bahamian ownership only where the business will employ a substantial ratio of Bahamian Personnel. A copy of the Permanent Residency Certificate should accompany the application.

Amendments

Processing amendments for existing licensees

  • A Licensee may at any time request an amendment to the existing License. If the request is within the same business sector/category, the request may be submitted in writing to the Customer Relations Department for consideration by the Licensing Committee.
  • The Licensee must be in good standing in order for the request to be considered.
  • Upon approval of the amendment request, the process outlined in the Business License Application Procedure will follow, and a Supplemental Amending License Agreement will be issued.
  • $100.00 processing fee

Change of License form Personal to Corporation

  • A licensee requesting the transfer of a License Agreement from a Personal Name/Partnership to a Corporation (limited liability company) are required to complete a transfer of personal license application form, which must be submitted with the following Documents of Incorporation:-
  • (a) Memorandum and Articles of Association
  • (b) Certificate of Incorporation.
  • (c) Minutes of the Meeting appointing the Present Officers and Directors.
  • (d) A Directors Resolution authorizing the affixation of the Corporate Seal to the License Agreement if same is required in accordance with Company’s Articles of Association.
  • (e) An Impression of the Company’s Seal.
  • The Licensee must be in good standing in order for the request to be considered.
  • A request for transfer of Personal License to Corporation is not referred to the Licensing Committee for approval.
  • $100.00 processing fee
  • Upon approval of the request, the process outlined in the Business License Application Procedure will follow, and a Supplemental Amending License Agreement shall be issued.

 PLEASE NOTE THAT A LICENSE AGREEMENT CANNOT BE TRANSFERED FROM ONE LIMITED COMPANY TO ANOTHER LIMITED COMPANY.

Download Transfer Of Personal License Application Form

Other Amendment Requests

Any change to the existing business requested by the Licensee, must be submitted in writing, with a processing fee of $100.00, for approval by the Customer Relations Department.

The Changes may include:-

  • (a) Change of business Trade Name
  • (b) Change of Company’s Name (completion of attached form)
  • (c) Addition/Deletion of Partner(s) (completion of attached form)
  • (d) Additional square footage is obtained

These request are not required to be submitted to the Licensing Committee, and are processed as long as the Licensee is in good standing.

Transfer of premises

A licensee wishing to relocate after the License Agreement is issued must submit a request in writing, with an accompanying letter from the proposed Landlord to the Customer Relations Department.

  • $25.00 inspection fee
  • $100.00 processing fee
  • The Licensee and the proposed Landlord must be in good financial standing with The Grand Bahama Port Authority, Limited in order for requests to be considered.
  • A request for transfer of premises is not referred to the Licensing Committee for approval.
  • The steps taken in the preliminary processing of applications are then followed.

Processing bonded vehicles

A licensee requesting the local purchase or import of bonded vehicles should submit the following:-

  • A written request with the particulars of the vehicle, year, make, model and VIN number (if available) and confirmation of Customs Bond number and processing fee of $50 per vehicle requested.
  • The Licensee must be in good standing in order for the request to be processed.
  • A letter of approval is prepared in support of the request for Customs purposes.

Builder investor license

Non-Bahamian applicants

Applicants wishing to engage in Real Estate Investment may apply for a License as a Builder Investor (Residential or Commercial Investor) to develop single family, multi-residential, condominium and commercial buildings. Such licenses will be issued for a specific project on specific premises as detailed in the Third Schedule of the License Agreement.

A Builder Investor may act as Project Supervisor for his development project. However a licensed Bahamian contractor must carry out the construction.

The three (3) categories of a Builder Investor’s License are as follows:

For single family homes

To carry on the business of a Residential Investor in the Port Area by way of the development, sale, rental or ownership of homes on land beneficially owned by the Grantee PROVIDED that all construction be performed by a Licensed Contractor of the Port Authority. This License is issued specifically for the development of the property as defined in the Third Schedule.

For multi-residential and condominium buildings

To carry on the business of a Residential Investor in the Port Area by way of the development, sale, rental or ownership of multi-residential or condominium buildings on land beneficially owned by the Grantee PROVIDED that all construction be performed by a Licensed Contractor of the Port Authority. This License is issued specifically for the development of the property as defined in the Third Schedule.

For commercial buildings

To carry on the business of a Commercial Investor in the Port Area by way of the development, sale, rental or ownership of commercial buildings on land beneficially owned by the Grantee PROVIDED that commercial buildings be leased only to Licensees of the Port Authority in good standing AND PROVIDED FURTHER that all construction be performed by a Licensed Contractor of the Port Authority. This License is issued specifically for the development of the property as defined in the Third Schedule.

Bahamian Ownership

The following is to be used as a guide. It is not intended to be a complete list of businesses and may be amended at the discretion of the grand bahama port authority, limited who reserves the right to grant, amend or cancel any license agreement.

Wholesale and retail operations

Food, dairy products and supplies, Clothing, fabrics and accessories, Alcoholic and non-alcoholic beverages, Building materials and supplies, Cosmetics and beauty supplies, Books and publications, Computer equipment and supplies, Office equipment and supplies, Automobiles, parts and accessories, Tobacco products, Confectionary products, Seafood, Floral products and supplies, Camera and photographic equipment, Appliances, parts and supplies, Household items, Musical instruments, equipment and supplies, Furniture, Optical ware and supplies, Perfume, Jewelry (except if locally manufactured by foreign, Investors) – (wholesale only), Plant nursery and gardening supplies, Pets and pet supplies, Marine equipment and supplies, Footwear and supplies, Arts, crafts and supplies, Drugs, prescription, non-prescription, Leather goods, Household and industrial chemicals and supplies, Art galleries, Gases, manufacture and sales, Paint and related painting products, Party supplies, Medical supplies, Water treatments and sales, Gas station supplies,

Commission agencies engaged in the import/export trades (for wholesale or retail distribution)

Real estate and domestic property management agencies

Domestic newspaper and magazine publicationsdomestic advertising And public relations firms

Nightclubs and restaurants and movie theatres

Except specialty, gourmet and ethnic restaurants, restaurants Operating in a hotel, resort complex or tourist attraction. Minimum investment or $250,000.00 for non-bahamian investors.

Security services

Construction companies

Government and grand bahama port authority reserve the right To approve licenses to foreign investors where special International expertise is required. License granted for the Duration of that name project only.

Professional services

Accountants, architects, appraisers, attorneys, auctioneers, Dentist, doctors, engineers, real estate brokers, real estate Agents, veterinarians, surveyors. Cleaners, driving schools, fine arts – painting, music and dance, Tailoring and dressmaking, elevator repair, land clearing, Excavation, pest control, road builders, pool maintenance, fire Prevention safety, health club fitness centre, interior Decoration, locksmith, glassworks, purchasing agents, shipping Agency, tour and travel agency, waste removal garbage Collection, waste treatment, scrap metal recycling, trucking, Aerial sightseeing, dental and related services, medical Laboratories, water manufacturing, veterinarian services, 0il Inspection, computer programming, sales and service, printing Material, rubberstamp, trophy and plaque manufacturing, custom Brokers, sign production, water sports activities, surveillance And security systems, clothing retail, vending machines, video Rental, movie video production, watch repair, plant nursery, Photo development.

ABOUT GBPA


The Hawksbill Creek Agreement (HCA) gave GBPA responsibility for the development, administration and management, and provision of services within an area called the 'Port Area' (230 sq. miles). GBPA was mandated by this Agreement to build a deep water harbour, an industrial community and required infrastructure for the City.

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GBPA has achieved an astonishing amount since its inception in 1955.  When first created it was a Grand Bahamian business conglomerate charged not only with land and commercial development but also with all the regulatory and administrative functions of the Freeport/Lucaya.

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Firstly, I wish to thank Joan Albury and the Counsellors for this platform enabling us to share with the Grand Bahama community, the outlook for our island! 2015 marks the 60th year of the birth of Freeport and the Hawksbill Creek Agreement; 60 years of a partnership between The Government of The Bahamas and The Grand Bahama Port Authority. I'm here to raise hopes for 2015 and to lay a few popular myths to rest - For those who don't know me, I am Sarah St George.

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