Barbados

Quality Without Compromise

Barbados

Barbados has a resident population of 257,000. A labor force of 126,000 - skilled, well educated and motivated, with productivity levels equal to or higher than those in North America or Europe. The island's British based educational system has produced a 99% literacy rate - one of the highest in the world.

The Government of Barbados is based on judicial, political and administrative institutions that are closely modeled on the British system. All political parties are "middle of the road", supportive of the free enterprise system, and committed to the rule of law. Barbados has had representative government since 1939 and became an independent country in 1966.

In the business environment, investment laws are clear and modern. There are no restrictions on foreign ownership of business enterprises. There is prompt governmental response. The Government of Barbados actively encourages foreign investment in the industrial sector. Barbados provides the investor with an extensive range of Banking and other financial services. There is a pool of world class legal and accounting professionals – where most of the international accounting firms are represented on the island. Since 1965, when Barbados first enacted legislation for international business companies, Barbados had permitted companies that do not trade locally to establish a presence on the island. The original legislation has undergone periodic amendment and the current statue is the International Business Companies Act (IBC Act) which was enacted in 1991.

Barbados