What are the economic concessions and benefits of having a GBPA License?

You are here:
Estimated reading time: < 1 min
  • Exemption from real property taxes until 2015
  • Exemption from personal property taxes and taxes on capital gains,   appreciation, or on shares, debentures or other securities until 2015
  • Exemption on taxes from earnings until 2015
  • Total duty exemption for the importation of all materials and supplies of every   kind necessary for capital development and the operation of the business (other   than consumable stores) until 2054
  • Exemption from excise and export taxes until 2054
  • Exemption from stamp taxes on the bank transfer of funds in respect of     businesses operating in the Port Area until 2054
  • First time homeowner – duty free home for licensees and employees
Was this article helpful?
Dislike 0