Key Reasons for Choosing Barbados
A distinct competitive advantage of Barbados is its excellent human resources. Barbados' world class educational system produces a highly skilled, English-speaking work force comprising approximately 144,600 people (Barbados Economic and Social Report). Investors can readily access the services of tax advisors, reputable international banks, global accounting firms, lawyers and management companies offering the full range of corporate services.
In the UN Human Development Index 2016, the country ranks 5th in the Americas and 54th in the world in respect of educational attainment, as measured by adult literacy and enrolment at the primary, secondary and tertiary level.
Education is based on the British model and is compulsory for children from age 5 to 16 years old. The government provides free primary and secondary education, and subsidises university education for nationals. This means that approximately 20% of government's annual budget is dedicated to expenditure on education. There are also private schools, which provide education on a fee-paying basis. Click here to read More....