Explore Barbados...Your Reputable Business Option

Barbados is known the world over as a place for secure investment, as a reputable jurisdiction with a sound regulatory system, and as a global leader in the international business sector. The Prime Minister of Barbados, the Honourable David J.H. Thompson has pledged the country's commitment to "...being the best International Business Centre in the western hemisphere and the pre-eminent CARICOM country from which to do business by 2012." The country is well on its way to achieving this goal due to its well qualified and highly educated workforce, its cost competitive environment, an expanding network of double taxation and investment treaties and an excellent quality of life.

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(L-R): Mr. Donville Johnson, Barbados' Deputy High Commissioner to London; Ms. Angele Da Cruz,  Deputy Head of Mission, Embassy of Luxembourg in the UK;  His Excellency Mr. Hubert Wurth, Ambassador for Luxembourg in the UK;  the Hon. George Hutson, Barbados' Minister of International Business and International Transport.

Barbados Expands its Tax Treaty Network
 

Barbados is earning recognition as an international business jurisdiction distinguished by service excellence, transparency and prudent regulation. 

To further enhance its service and product offerings, government is continuously working on the modernization of existing legislation to ensure that the Barbados business environment meets or exceeds international best practice.   In particular, government is actively seeking to expand Barbados' network of double taxation and bilateral investment treaty agreements.  

Recently, the Hon. George Hutson, Minister of International Business and International Transport signed Barbados' double taxation agreement (DTA) with Luxembourg, while visiting Europe. 

At the signing ceremony, Minister Hutson said that coupled with the existing bilateral investment treaty (BIT), between Barbados and the Belgium-Luxembourg Economic Union (BLEU), the DTA "will enhance the investment infrastructure and product offerings" of both countries.  He also noted that, the DTA makes "abundantly clear the commitment of our two countries to the principles of transparency and tax information exchange."

To date, Barbados has 18 DTAs in force, including one with CARICOM which is a multilateral with 10 countries.  Barbados has signed treaties with Ghana and Luxembourg, and these are awaiting ratification. Barbados has also initialed treaties with Italy, Spain and Vietnam.  Discussions are continuing towards finalization of similar conventions with other nations, including Belgium, Brazil, Chile, Czech Republic, Iceland and India.