Welcome to the ninth edition of Barbados International Finance & Business.Since the 17th century, Barbados has played an important role in international trade. This tradition continues today, as Barbados seeks to consolidate its position as a leading international financial centre (IFC). This treaty-based domicile, offering transparency and strict adherence to Organisation for Economic Co-operation and Development standards on compliance, is constantly working towards increasing its share of the international business market, whilst expanding its network of tax treaties – currently 37 and growing. During 2016, Barbados continued to refine and improve its product offering. The jurisdiction is the IFC of choice for a number of reasons, including its strong regulatory framework, an English Common Law legal system, political stability, geographic proximity to North and Latin America, availability of a well-educated and skilled workforce, and a wide choice of service providers, including international banks and international chartered accounting firms. Barbados currently has approximately 4,000 entities licensed in the industry, making a 10% contribution to our national economy. Since the modern era of IFCs, Barbados has redefined itself towards financial services and remains the domicile of choice for Canadian-parented companies and, increasingly, the choice for Latin American investors. I welcome you on behalf of the Government of Barbados to consider the competitive advantage Barbados will deliver to your organisation.With very best wishes,James GardinerWelcome to the 2017 EditionSince the modern era of IFCs, Barbados has redefined itself towards financial services and remains the domicile of choice …2017 BARBADOS INTERNATIONAL FINANCE & BUSINESS 5 4 BARBADOS INTERNATIONAL FINANCE & BUSINESS 2017
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