Holiday Spot Freeport (Bahamas)

Freeport is a city, district and free trade zone on the island of Grand Bahama of the northwest Bahamas. In 1955, Wallace Groves, a Virginian financier with lumber interests in Grand Bahama, was granted 50,000 acres (or 202 km2) of pineyard with substantial areas of swamp and scrubland by the Bahamian government with a mandate to economically develop the area. Freeport has grown to become the second most populous city in the Bahamas.The main airport serving the city is the Grand Bahama International Airport. The Grand Bahama Port Authority (GBPA) operates the free trade zone, under the Hawksbill Creek Agreement signed in August 1955 whereby the Bahamian government agreed that businesses in the Freeport area would pay no taxes before 1980, later extended to 2054. The area of the land grants has been increased to 138,000 acres (or 526 km2).

Freeport is strategically located just 65 miles (105 km) off the coast of Palm Beach, Florida, and on the major EW–NS shipping routes. This has positioned it for tremendous growth as an ideal centre for international business. Consequently, a growing number of international companies use Freeport for a business site.

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