Barbados offers an excellent location from which to manufacture high end products. The island is ideally suited for niche manufacturing products that require a world class infrastructure including excellent air and seaport facilities, as well as a highly educated and skilled work force.
Manufacturers may benefit from:
- Full exemption from import duties on components, raw materials and production equipment
- Capital allowances on fixed assets
- Factory accommodation in well-planned industrial parks, on rental or lease basis
- Training grants based on wages paid to employees during the initial operating period
- Duty-free access to CARICOM countries providing the products satisfy origin criteria
- Preferential market access of Barbadian produced goods to various countries
Investment opportunities include:
- Medical supplies
- Optical devices
- Printing and publishing
- High fashion apparel
- Leather items
- Electronic components & sub-assemblies
- Jewellery
- Agro-processing
- Pharmaceuticals