Key Reasons for Choosing Barbados
Political, Social and Economic Stability
Barbados enjoys an enviable international reputation for its outstanding record of social, economic and political stability. Barbados' parliamentary system has been in existence since 1639, making it the 3rd oldest parliament in the British Commonwealth. The country's long-standing tradition of parliamentary democracy and the prudent management of the economy provide a stable foundation for business. Also, the country's freedom from corruption rates highly - Transparency International's Corruption Perception Index 2014 ranks Barbados as 1st in Latin America and the Caribbean, and 17th among 175 countries.
These positive features have also contributed to Barbados' ranking in the Index of Economic Freedom 2015 as the 7th freest economy in Latin America and the Caribbean and 46th in the world. Barbados is also ranked by the World Economic Forum's Global Competitiveness Report 2016-2017 as having the 4th most stable banking system in the Western Hemisphere.
Barbados is one of the most stable and prosperous states in the Caribbean, with steady economic growth and low inflation. The government of Barbados is committed to maintaining the country's attractiveness as a centre for international business and has created Invest Barbados to enhance the country's responsiveness in the competitive global environment.