Barbados continued its efforts to forge greater international business relations with the Latin American (LatAm) market when Invest Barbados recently hosted its first inward mission for 2014, by way of an Investment Seminar and networking event for ten (10) LatAm delegates at the Hilton Barbados.
The event which ran for two days on January 23 and 24, provided the opportunity for forty four (44) local service providers to network and present on a number of topics relating to investment, tax offerings, international insurance and banking, wealth management and real estate, among others. Both days included an interactive question and answer segment where delegates got the opportunity to pose questions to the panels and have matters relating to the various topics clarified.
Senator the Honourable Darcy Boyce, Minister in the Prime Minister’s Office delivered the welcome address at the seminar, while Emeline Taitt, CEO (Ag.) of Invest Barbados gave the delegates an overview of Barbados’ investment climate. Both of them, along with the other speakers, explained the Barbados value proposition and shared why Barbados is and will continue to be the jurisdiction of choice for several global investors.
Of its 33 double taxation agreements (DTAs) in force, Barbados currently has DTAs with Cuba, Mexico, Panama and Venezuela, and is in the process of adding to its treaty network other LatAm jurisdictions.
The delegates, who comprised tax advisors, mainly from major accounting firms including the ‘Big Four’, based in Mexico, Chile, Costa Rica, New York, Venezuela and Panama, lauded Invest Barbados’ efforts in hosting a successful seminar. During the visit they were afforded the opportunity to network with their Barbadian counterparts at which time structures were developed for using the Barbados Jurisdiction. Before leaving the island, they got the opportunity to experience the softer side of Barbados and were able to assess first-hand, several aspects Barbados’ quality lifestyle.