Why Choose Barbados

Barbados is known in the international business sector as a jurisdiction of impeccable substance. It is well-regulated and recognized as a sophisticated, low-tax, treaty-based jurisdiction. It continues to refine and improve its product offerings, build its network of trade and treaty agreements and capitalise on its social and economic development achievements. It is among the top 3 recipients of Canadian foreign direct investment.

As a financial services centre of choice, Barbados offers the following in one location:

  • An enviable history of political, social and economic stability.
  • Exchange-rate stability
  • A regulatory environment that meets international best practice through audits by the:
    • Central Bank of Barbados
    • Financial Services Commission
    • Ministry of International Business,
  • Stable financial system that adheres to international obligations through the:
    • Basel accords,
    • International Monetary Fund,
    • Organisation for Economic Cooperation and Development (OECD),
    • US Foreign Account Tax Compliance Act (FATCA).
  • An impressive network of Double Taxation Agreements (DTAs), Bilateral Investment Treaties (BITS) and Tax Information Exchange Agreements (TIEAs).
  • Multilateral tax agreements with the Caribbean Community (CARICOM).
  • A gateway into Latin America as a result of its geographic proximity and direct flights to major hubs.
  • A legal framework grounded in English Common Law and Corporate laws modeled after the Canadian system.
  • The business capital of the Caribbean due to:
    • Telecommunications infrastructure,
    • High quality physical infrastructure and support services,
    • Presence of major international banks,
    • Big Four Accounting Firm,
    • An international airport with direct air travel links to major global cities,
    • Cost competitive and business friendly environment,
    • High standard of local education, a skilled productive workforce,
    • Close working relationship among the social partners.
  • Special Entry and Reside Permits (SERPs) for qualifying high net worth individuals (HNWIs).
  • A well-regulated International Securities Market (ISM) providing affordable access to public markets.
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March 9, 2017