Barbados is on the cusp of a new wave of development, driven by all of these very positive initiatives and encouraged by a well-managed business friendly economy, a competitive low tax environment and all of the island’s many natural attributes. The next few years promise to be exciting times.
"Barbados remains the Caribbean’s most attractive tourist and second- home destination. It has also become a place where wealthy people want to spend more than just the winter months. The opportunity to invest in a house or business and achieve residency is real. In the past five years, many high net worth families have become Barbadian residents."
As a small green dot in a big blue ocean, Barbados has built a reputation for managing increasingly finite resources while having the fourth highest population density in this hemisphere.
...this dynamic and sophisticated sector can be a catalyst in creating new jobs, new opportunities for local businesses and new revenues for the government. The legalization of medicinal cannabis also presents great opportunity for international investors.
The results at CivTech have been remarkable. Not only is it producing solutions to public sector problems that help efficiencies, reduce costs and make lives better, it’s also triggering new businesses, new jobs, and new revenues - and for the right products, new markets on a worldwide basis.
Embedded in the Barbados National Energy Policy is the promise to democratize the provision of energy, promote local investment, entrepreneurship and ownership.
Barbados’ international tax platform was established with a firm foundation and with solid business reasons to enable entities to operate globally from Barbados.
While weighing Barbados in the balance, prospective new investors can draw some confidence from those who have gone before them.