For many years now, Barbados has been deemed to be an ideal jurisdiction for persons to operate their business and wealth. Companies wishing to thrive in the highly competitive global market utilize Barbados as a platform for international business, by capitalizing on the business-friendly environment, high-quality infrastructure, tax advantages, investment protection and strong human capital.
Barbados has an extensive double tax treaty network with more than 30 countries in place, including agreements with UK, USA, Luxembourg, Canada, and dozens under negotiation. Italy and Cyprus have most recently concluded tax treaties with Barbados and became effective 2018. In fact, Barbados is the only jurisdiction in the Caribbean with a double tax treaty network and that is established as an international financial center.
Barbados has just completed negotiations with the OECD and EU. Barbados has signed up to the MLI, CRS and BEPS and will move forward in 2018 as a well regulated business centre for international business and finance.
Barbados also offers a good quality of life and a range of international lifestyles due to its positioning as a luxury tourism destination. Barbados is, therefore, the ideal place in the Caribbean to base your international business and wealth management structure.