Why Barbados - Its Five Key Strengths
At last count, there were approximately 100 countries around the world operating as international business and financial services centres, Barbados being one.
On the surface, these centres share the same basic value proposition – a low-tax jurisdiction that companies based in other countries can use to increase their competitiveness. But below the surface there are varying degrees of integrity in how these jurisdictions are run. To reduce risk, investors need to choose wisely and separate the wheat from the chaff.
All jurisdictions have their laundry list of features and benefits, but there are five benefits that investors should consider to be paramount, and Barbados provides all of them.
For more than 40 years, Barbados has provided a level of certainty of which few jurisdictions can boast. A former British colony, its laws are deeply rooted in English jurisprudence. Its Companies Act is closely modelled on that of Canada.
Written by Connie Smith, Managing Director, Tricor Caribbean Ltd; article is featured in the 2015 edition of Barbados International Finance & Business magazine.
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