Barbados has much to offer com-panies seeking an International Financial Centre (IFC). These benefits include a modern and flexible cor-porate legal framework, extensive Double Tax Treaties, a pool of qualified Barbadian accountants, management professionals and lawyers, and daily direct flights to and from Toronto, New York and the UK. With legislation cover-ing International Banks, Captive Insurance companies, Trust and International Business companies, Barbados is the IFC of choice for Canadian-owned companies. During 2011, the Government gazetted the Financial Services Commission Act 2010-21, the International Corporate and Trust Service Providers Act 2011-5, the Money Laundering and Financing of Terrorism (Prevention and Control) Act 2011-23, as well as minor amendments to the Companies Act. More legislation is planned for 2012, including a Private Trust Companies Act, a Foundations Act, a new Mutual Funds Act incorporating hedge fund provisions, and further minor amendments to the Companies Act.The coming year will be challenging for IFCs, due to a continuation of low economic growth and the effect of the Global Financial Crisis, but opportunities do exist to market Barbados as an IFC to our traditional markets, and in Mexico and South America. Now in its fourth year, we are pleased to present the 2012 edition of Barbados International Finance & Business. We hope you enjoy reading the magazine and consider Barbados as your IFC domicile.We invite you to send any comments and suggestions to bifb@investbarbados.org.James GardinerWelcome to the 2012 EditionWith legislation covering International Banks, Captive Insurance companies, Trust and International Business companies, Barbados is the IFC of choice4 BARBADOS INTERNATIONAL FINANCE & BUSINESS 2012
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