Invest Barbados



Key Reasons for Choosing Barbados

 

Profile of Barbados - Map of Barbados.jpg

 

Facilitating Businesses of Substance

 

The establishment of businesses of substance that create jobs and contribute to economic activity has been a feature of Barbados’ international brand since the establishment of the international business sector, several decades ago. From inception, Barbados was deliberate in building its international business sector on the strong foundation of treaty-based agreements that included provisions for the exchange of information.

Investors choosing Barbados as a preferred business jurisdiction do so, among other key reasons, for its high reputation anchored on the tenets of compliancy, transparency and consistency. The OECD in its initial report published in April 2009, recognised Barbados as the only independent, Caribbean nation which has substantially implemented the internationally agreed tax standard.

Barbados continues to reinforce its reputation as a transparent and compliant jurisdiction through its commitment to the implementation of global standards. It signed on to the Foreign Account Tax Compliance Act (FATCA) Model 1A Agreement with the USA in November 2014, and since October 2016, has been a signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters.  The jurisdiction is also a signatory to the Multilateral Competent Authority.

 

 


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