A respect for law and order, prudence and conservatism in financial matters, old-fashioned values, excellent infrastructure, well skilled and informed people, very low crime, a long tradition of democracy are but a few of the reasons why the former Secretary-General of the United Nations, Kofi Annan, once said that “Barbados punches above its weight”.
Recognized globally as a destination of choice for vacationers, Barbados has also achieved respect by International organizations for its record of freedom, justice, quality of life and human development (and of course cricket).
Barbados’ economy is ranked 5th out of 29 countries in economic freedom in the South and Central America/Caribbean region by the Heritage Foundation, and its overall score is well above the global average. Its economy is ranked the 42nd freest in the world in the 2011 Index. (Download the report: Barbados 2011 Freedom Score)
The Vision contained in theNational Strategic Plan for Barbados to 2025 is to be “a fully developed society that is prosperous, socially just and globally competitive”. The crafters chose their words carefully.
This section describes in more detail many of the reasons why businesses choose Barbados for establishing operations.
Country Profile
Geography People Economy Government Constitution & Administration Location Caribbean, island in the North Atlantic Ocean, northeast of Venezuela Geographic coordinates 13 10º N, 59 32º W Map references Central America and the Caribbean Area Total: 431 sq. km Land: 431 …
Economic And Social Stability
Throughout its fascinating history, Barbados has been renowned for its political maturity, social stability, successful economy, financial independence, the integrity of its legal system and a well-educated population. These strong national characteristics have enabled Barbados to become a leading investment and international …
Enviable Quality of Life
Barbados is a wonderful place to live, work and play. With its sophisticated infrastructure, business-friendly environment and high quality of life ratings, Barbados is a very attractive location from which to conduct international business. Residents of Barbados have access to a …
Highly Educated Workforce
Barbados’ high standard of education has produced an easily trained workforce, with an adequate supply of professional as well as skilled and unskilled labour. The Government of Barbados has invested heavily in education at all levels, which translates into a …
Investment And Tax Environment
Barbados’ business environment is competitive and investor-friendly. Its prudent regulatory environment meets or exceeds international best practices. Barbados’ incentive legislation combined with its tax and investment protection treaties create an attractive Net Tax Rate and secure investment vehicle structures. Barbados …
Solid Infrastructure
Since its independence in 1966 Barbados has created a sustainable economic platform based on significant investments in its people (including free education up to tertiary level), physical infrastructure and engagement in global trade in goods and services (tourism, business and financial services, etc.) …
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