BACKGROUND & CRITERIA
The island is 166 square miles in size, and is the most easterly of the Caribbean islands, with a population of approximately 270,000. It is a former British colony which became independent in 1966 and is a member of the Commonwealth. The island’s politically stable government has established an environment conducive to attracting and benefiting international investors and businesses.
​
Barbados is well recognized in the international business community as a treaty-based jurisdiction with a well-regulated environment. Barbados is reputed as an effective international business center in which to conduct business, and meets the following criteria:
​
-
Long history of political and economic stability
-
High quality physical infrastructure and support services, including modern telecommunications systems, major international banks, accounting and legal firms
-
Cost competitive and business friendly environment as a result of the high standard of local education
-
Impressive network of tax treaties and investment agreements with Canada, USA, Europe, Asia and Latin America
-
Facilitative legislation and effective regulation to encourage legitimate offshore business
-
Direct air travel connections to Canada, US and Europe
​
These superior qualities are essential in the private sector, especially in establishing confidence by international clients in their local administrators. It is our intent to build on these Bajan strengths.
You can learn more about Barbados by visiting the following websites:
​
-
Ministry of Industry & International Business: www.commerce.gov.bb
-
Registry of Corporate Affairs & Intellectual Property: www.caipo.gov.bb
-
Barbados Investment & Development Corporation: www.bidc.com
-
Barbados Chamber of Commerce: http://www.barbadoschamberofcommerce.com
-
Barbados Tourism Investment Inc.: www.barbadostourisminvestment.com
-
Ministry of Commerce & Business Development: www.commerce.gov.bb
​​
