Quality of Lifestyle

The major activities are:

  • Barbados Jazz Festival
  • Holder’s Season – Opera, music and Theatre
  • National Trust Open House
  • Barbados International Polo Challenge
  • Horticultural Society Flower Show
  • Mount Gay Regatta
  • Holetown Festival
  • Crop Over Festival – Carnival
  • Sandy Lane
  • International Surfing Classic
  • Oistins Fish Festival
  • Independence Festival of Creative Arts
  • Game Fishing Tournament
  • Run Barbados – Road Marathon
  • Golf Tournaments
  • Fine Craft Festival

In 2017, the international research company, Norstat designated Barbados as the destination with the highest level of tourist satisfaction in the world. Barbados was also recognised as the favourite cruise destination at the 2019 International British Cruise Awards.The country caters to all tastes and budgets from the luxury to the self-catering. There is much to discover about the island and always something to do.

Investors also choose Barbados as the location for their business operations because the country’s quality of life makes it an attractive place to work, to live and to raise families. As a country with one of the highest standards of living in the developing world, Barbados offers an excellent education system, an outstanding healthcare, affordable housing, world class telecommunications and utilities island wide.

Barbados’ high quality of health care and education services as well as its standard of living is borne out in the country’s ranking of 8th in the Americas and 58th in the world in the UN Human Development Index 2020.

Facilitating Businesses of Substance

From inception, Barbados was deliberate in building its international business sector on the strong foundation of treaty-based agreements that included provisions for the exchange of information.

Investors choosing Barbados as a preferred business jurisdiction do so, among other key reasons, for its high reputation anchored on the tenets of compliance, transparency and consistency. The OECD’s Global Forum, in its initial report published in April 2009, recognised Barbados as the only independent, Caribbean nation which had substantially implemented the internationally agreed tax standard. Barbados continues its commitment to the implementation of global standards.

Barbados is one of the first countries in the Caribbean to converge its local and international tax rates, making its tax system globally competitive, while bringing the country in line with the OECD’s Base Erosion and Profit Shifting (BEPS) Initiative. By implementing the new regime, Barbados has fulfilled its commitment to be fully compliant with the BEPS Action 5 addressing harmful tax practices.