The Special Economic Recovery Zone exemption is applicable to Bahamian citizens and business owners on the full range of materials they will need to build or renovate a house, or to start or expand a business.

These materials include:

Building materials, plumbing and electrical, furniture, appliances, land clearing equipment, commercial equipment and related fittings, business licence and real property tax.

The exemption applies to local and international purchases.

Learn more about Special Economic Recovery Zone Exemption eligibility requirements.

See guidance documents from the Revenue Department, Ministry of Finance about the tax concessions available for the Special Economic Recovery Zone (SERZ) – Abaco & Grand Bahama Islands.

Nationality

• Bahamian citizens, 18 years old or older.

Location

Business must operate in the qualifying locations on qualifying islands. Qualifying islands include Abaco and Grand Bahama.

The applicant does not have to be a resident to apply but exemption items must remain in the islands specified or in the approved zone.

Supporting Documents

Individuals

Individual applicants must provide the following support documents: 

• Valid passport or voters card
• NIB Card
• Copy of invoice(s) or quote

Terms and Conditions

• The value of furniture and appliances must be equal to the amount of rooms in the house, likewise for appliances per room/per household. They are subject to inspection and review.
• Once approved the applicant may use the exemption document (certificate) to present to Customs.

Businesses 

Business applicants must provide the following support documents: 

• Valid business licence
• Business NIB number
• Invoice(s) or quote

Terms and Conditions

• There is no minimum turnover rate for businesses to qualify
• Businesses may subject to inspection and review
• Once approved, the applicant may use the exemption document (certificate) to present to Customs.
• If rejected the applicant is required to pay the normal duties stipulated by the customs department.