Barbados: A Centre for Global Business

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Barbados: A Centre for Global Business

Barbados continues to be recognised internationally as a preferred jurisdiction for foreign investment, and an expanding network of double taxation agreements (DTAs) and bilateral investment treaties (BITs) with countries across the globe adds to its attractiveness. To date, Barbados has forty (40) DTAs in force and over four thousand (4,000) registered global business entities.

Barbados is committed to the maintenance of high standards and places emphasis on competitiveness, while offering clients predictability and transparency in their investments. The country promotes an environment which encourages the establishment of businesses of substance and its range of financial services legislation allows investors the flexibility to create the types of corporate structures specifically suited to their needs. Barbados’ revised domestic legal framework was assessed as being compliant with the substantial activities standard set by the Organisation for Economic Cooperation and Development.

Additionally, Barbados’ uniqueness is enhanced by the availability of a core of knowledgeable local professionals, providing services at competitive costs and ensuring continuity of personnel. The country’s business infrastructure features modern telecommunications and information technology, with related disaster contingency capability, reliable local utilities and international air and sea ports. The country serves as a hub for several Caribbean territories and operates daily scheduled flights to major international cities.

Barbados is a mature financial centre offering a range of business opportunities in wealth  management including estate planning, financial services, information communication technology, renewable energy and niche manufacturing, to name a few. The country has also broadened its scope to embrace innovative, knowledge-based and high-value niche sectors such as medical tourism, global education, fintech - specifically blockchain and medical cannabis, the latter area now under active consideration for development.

Barbados’ quality of life is one of its most appealing attributes, and combined with its attractive business environment is an ideal place to live, work and play.

Barbados : A Welcoming Investment Climate

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