Welcome to Barbados International Finance and Business 2016. As we complete our 8th year of publication, the magazine continues its mandate to promote Barbados as the domicile of choice for potential international investors. As an international business centre, Barbados continues to maintain its competitive advantage as a well-regulated, low-cost jurisdiction. Our principal market remains Canada and in the provision of financial services; however we are seeing investors from a wider range of countries. On 29 October 2015, Barbados welcomed more than 200 international delegates to participate in the Organisation for Economic Co-operation and Development's Global Forum 8th plenary meeting. The Global Forum is the world's largest network for international co-operation in the field of taxation and financial information exchange. During the Forum, Barbados signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters and the Multilateral Competent Authority Agreement. Barbados is also at an advanced stage in implementing the standard on Automatic Exchange of Information, with legislation recently passed to give effect to the Foreign Accounts Tax Compliance Act, paving the way for Barbados to automatically exchange tax information with the USA.Barbados continues to negotiate, and has a growing number of double taxation agreements (DTAs) ­ those with Canada and the USA, in particular, being favourable for certain types of investors. Recently, Barbados signed a DTA with the Slovak Republic.Barbados is very much open for international business and we eagerly invite prospective investors to consider choosing Barbados as their domicile of choice.With very best wishes,James GardinerWelcome to the 2016 EditionBarbados is very much open for international business and we eagerly invite prospective investors to consider choosing Barbados ... BARBADOS INTERNATIONAL FINANCE & BUSINESS 2016
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