Global Corporate Xpansion

Act, value-added tax is also exempted at the point of entry.

A training grant programme is accessible to companies operating in Barbados during the first eighteen months. It is available on a reimbursable basis.

Barbados, the international business centre of the Caribbean, is distinguished by the range of financial services that are provided from this low tax jurisdiction. These services can range from the establishment of international bank and trust companies, or investment management services to the establishment of captive insurance companies using segregated cell or separated account structures.

But not only can Barbados offer

generous incentives, it is the third oldest parliament in the Commonwealth, and offers a stable and democratic government, a point of key interest to foreign investors. It is politically friendly and transparent with a vibrant economy which grew by 4.4% in 2007.

Barbados provides an excellent quality of life, as demonstrated by its continued high ranking on the Human Development Index, a global standard of well being, which in 2006 placed Barbados first in the Caribbean region, and third in the Americas, after Canada and the US.

Barbados’ infrastructure is well developed, with an excellent network of roads, modern and

efficient sea and airports, safe water supply, reliable telephone, internet and electricity service, as well as modern telecommunications with fiber optic connectivity.

There is much synergy that can be obtained with the establishment of any company in Barbados. Home to over eight thousand ( 8,000) international companies, Barbados provides opportunities for companies seeking to improve their global competitive edge, while increasing profitability. Companies from the USA have established operations in Barbados, either as wholly owned subsidiaries, joint ventures or through outsourcing arrangements.

FISCAL INCENTIVES FOR
MANUFACTURING

Government has legislated incentives especially tailored for the manufacturing sector. Companies manufacturing “approved products” and registered as regular domestic companies are eligible for benefits under the Fiscal Incentives legislation. Incentives vary depending on the level of exports, or the level of the value-added component of the product: