9 reasons to live and bring your business to Barbados
Updated: Aug 20, 2021
Rianna Holas | Mithril International
Barbados is one of the Caribbean’s safe stable destinations that is ideal for international business owners and families and has so much to offer. Its idyllic tropical climate, pristine beaches and crystalline waters are what makes the island well-known for luxury travel, real estate and leisure however, Barbados has and will continue to position itself as an established international financial center and a hub for international business and wealth management.
This diversified jurisdiction offers many benefits for expatriates who decide to live and move their business and families to the gem of the Caribbean Sea, here are some of the top reasons :
1. Well-developed infrastructure Barbados’ business friendly environment and well-developed infrastructure enables residents and non-nationals to conduct business efficiently. Its strong network of international relationships, contemporary air and sea ports, high standard of telecommunications, robust legal and regulatory systems and established international financial center all contribute to Barbados’ positioning as one of the Caribbean’s leading international business, wealth management and financial services jurisdictions. The standard of the infrastructure will improve your business operations and make conducting business in Barbados a rewarding experience with ample opportunities.
2. Politically, economically and socially stable environment Barbados is one of the most politically stable jurisdictions in the Caribbean. Its long history of steady growth and high global reputation of political, economic and social stability have provided a perpetual foundation for the establishment and operation of international business and wealth management platforms.
Its parliamentary system has existed since 1639, therefore making it one of the oldest in the world. Barbados has a Westminster style democracy and the Central Bank of Barbados is the prudential regulator.