Exploring investment opportunities in Barbados

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Barbados has long been synonymous with warm hospitality, virgin beaches and a high quality of life. But beyond its natural Caribbean charm, emerges a well-regulated and robust shopping center that positioned the nation as the first jurisdiction for global companies.

In a world where great uncertainty exists around the world, the demanding investor seeks a jurisdiction that provides a welcoming investment climate, based on substance and good governance. As more east of the Caribbean islands, with a size of 166 square miles, the barbados checks the box for all this and more, while offering a convincing value proposal.

Over the years, Barbados has become a jurisdiction respected for global affairs, offering a diverse range of investment opportunities. These include financial services, insurance, wealth management, fintech, ICT, renewable energies and R&D, to name only a few. The jurisdiction continues to offer a competitive advantage to global investors and commercial entities. Benefiting from a tradition of political and social stability and a developed legal system based on the English Common, Barbados continues to attract investors from near and far, who seek to extend their global footprint. In addition, the jurisdiction offers an expansion network of double tax agreements with 40 countries.

Best for business
Barbados is fully engaged in international best practices and adheres to the global standards of transparency and tax cooperation, as approved by the Organization for Economic Cooperation and Development (OECD). As such, the tax rate of the country’s companies is nine percent with certain sectoral exceptions, including small businesses, earning less than $ 1 million, imposed on five percent; International shipping, taxed from 5.5% to one percent on a mobile scale; And insurance, with class 1 entities taxed at zero percent and classes two and three to two percent.

In addition, another major development of Barbados, influenced by the tax initiative for the OECD database and the displacement of profits (BEPS), was the introduction of a minimum national tax qualified by 15%, which is applied to multinational groups in large € in the least. Barbados has also signed the multilateral agreement to facilitate the implementation of the pillar two under the tax rule. Investments in R&D activities also benefit from a refundable R&D credit of 50% of eligible expenses. Qualification activities run fields such as medical sciences, engineering and technology, natural sciences and financial technology. In addition, the income resulting from the intellectual property located in Barbados are subject to a favorable tax rate of 4.5%. These reforms point out that the continuous commitment of Barbados to ensure fair playground for EMNs, while strengthening the country’s societies tax system in the process. The barbade value proposal for companies goes beyond compliance.

What distinguishes barbados is not only the strategic advantages of doing business, but the fact that its workforce is well educated and that its inhabitants are warm, friendly and welcoming. Investors will also find Barbados as a location that offers a talented and available basin of skilled professionals from the industry, an excellent physical infrastructure including a modern sea port and an international airport with efficient air connectivity, as well as SICS infrastructure with high -speed fiber optic internet. Barbados also offers an attractive option for people with high birth content, including quality health establishments and a range of accommodation (from luxury budget) and other amenities.

In addition, the Government of Barbados has made significant progress in digital transformation with initiatives that seek to simplify the process of doing business and improving ease of access to services.

Living island life
When you add the delicious cuisine of jurisdiction, animated arts and musical culture, as well as its sun all year round, barbados offers an alignment convincing opportunities and quality of life. In fact, the court has become an attractive location for remote work and digital nomads. The welcome stamp, a 12 -month -old visa for distance workers, serves as an additional bonus for professionals who appreciate lifestyle, connectivity and stability – key components of the barbados brand and an ideal place to live and work.

Indeed, barbados is not only a destination; It is an experienced experience and choice. Whether you are a MNE considering the expansion of a safe and prosperous home or a ready to evolve in a global scale, consider Barbados, a welcoming investment climate that facilitates investment, partnership and growth.

There is no better time than now to explore opportunities. More information can be found on www.investbarbados.org