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Bright Barbados Future

 

The only constant in life is change, and when you are a small international business and financial services centre (IBFCs) playing on a field where goal posts keep shifting, the ability to be nimble and adaptive is paramount. Barbados has enjoyed its status as an international jurisdiction of choice by many recognised multinational corporations for over 5 decades, not through luck or chance, but by being prepared to adapt its legislation, business incentives, and negotiating positions in the face of serious challenges from economic and policy changes happening elsewhere. Barbados is once again positioning itself to meet head on new changes to the global international business regime prompted by Organisation for Economic Cooperation and Development (OECD) rules. The changes coming will be momentous, but as with any dialectic, we expect a positive evolution in our position, as long as the necessary adaptations are made to take advantage of the future opportunities.

 

Written by Connie Smith, Managing Director, Tricor Caribbean Limited

Caribbean Corporate Services Ltd

 

Adapted from: Business Barbados, Twentieth Edition - 2018


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