Import Duty and Tax Free Building in the Bahamas will Expire in June 2017

This Topsider prefab home was built on the island of South Andros in the Bahamas. Topsider has been shipping prefab homes to the Bahamas since the 1960s.


In 2008, the Bahamian Parliament voted to make select islands Import Duty and Tax Free for new home construction.  This incentive, intended to stimulate jobs through tourism and construction, expires in June 2017.  Exempted islands include: Andros, Cat Island, San Salvador, Long Island, Rum Cay, Sweetings and Water Cays (Grand Bahamas), Grand Cay and Moores Island (Abaco), Crooked Island, Long Cay, Acklins, Ragged Island and Cays, Current Island (Eleuthera), Mayaguana, Inagua and Exuma.  This exemption amounts to saving of as much as 35% on Import Duty and 10% additional Tax on the value of imported building materials.  If you intend to beat the June 2017 deadline and take advantage of the Import Duty and Tax Exemptions, getting started now is critical.  Builders are already booking jobs into 2017 and by year-end 2016, finding a builder at any price may be a challenge.

 

Topsider’s unique Post & Beam, panelized building system is ideal for remote Bahamian building locations.  Our services include in-house design, consulting engineering for local building permits, builder recruitment, shipping logistics and job-site builder coordination.  Most importantly, Topsider Homes’ high quality prefab house structures and panels are easily and quickly assembled.  (Click HERE to watch the simple assembly sequence of a short stilt-pier home.)