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Business Diversity Waiver
What Is It?
The Business Diversity Waiver is a business start-up incentive of The Grand Bahama Port Authority Limited, encouraging entrepreneurs to launch new and innovative business concepts. The initiative offers a first-year business license fee waiver or discount to qualifying applicants.
Am I Eligible?
New businesses, which meet the following criteria, can receive a first-year license fee waiver or discount:
The business concept should be new or unique; in addition, it should not fit into a category which has been identified as saturated or restricted
Business Diversity Waiver applies only to new businesses
The business concept must meet all zoning requirements
The project/investment should create a minimum of 2 jobs.
Please note that all existing licensing requirements/restrictions apply.
Saturated or Restricted Business
Business models in saturated fields will only be considered if they incorporate a specialty component, such as technology integration, customer engagement or a unique experience to complement the business model. Please note that this list is not conclusive and serves as a guideline for the business categories, NOT eligible to receive the Business Diversity Waiver.
List of Ineligible Business Categories
Automobile Repair/Garage
Automobile Rental /Sale of Parts & Accessories
Barber Shop
Beauty Supplies
Beauty Salon
Sale of Clothing Accessories
Clothing Store
Sale of Cosmetics
Sale of Footwear
Sale of Costume/Fashion Jewelry
Landscaping & Garden Maintenance
Sale of Liquor (Packaged, Store and Bar)
Nail Salon
Sale of Office Equipment & Supplies
Sale of Pre-packaged Snacks
Snack Food/Take-Out Restaurants
Variety Store
Click here to apply for the Business Diversity Waiver
Apply Now（https://gbpa.com/business/procedures-requirements/）
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