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- Barbados Investment Development Corporation
As the industrial development agency of the Barbados Government, BIDC administers the Government's incentive program for industry and provides a variety of free advisory services for local companies looking to become established or expand on the island. - Barbados Tourism Investment Inc. (BTI) is the development agency of the Government of Barbados with special responsibility for promoting and facilitating investment in the tourism and hospitality sector in Barbados.
- Whenever you are considering an investment in a tourism and hospitality related project in Barbados, BTI will assist you in a number of ways. Visit http://wwww.barbadostourisminvestment.com for more information.
Barbados Investment Opportunities
Our Recommendations
Barbados is an ideal location for reducing manufacturing & information processing costs, while taking advantage of duty-free exports to international markets and increasing profits.
A local offshore management company will help you to take advantage of investment opportunities:
Advantages of establishing your business in Barbados include:
- 10-year tax holiday, with 2½ % tax rate thereafter
- Exemption from import duties
- Full repatriation of capital, profits & dividends
- Low-cost, subsidized factory space available within 10 fully-serviced industrial parks
- Cash grants for worker training
- Cooperative and efficient customs service
- Free consulting services of the Barbados Investment and Development Corporation (BIDC)
- Official welcome from a government committed to private enterprise
- Low operating costs (savings of 40% or more)
- Literate, skilled, trainable and productive workforce with low rates of turnover and absenteeism
- Economic, political and social stability and integrity
- Duty-free access to the U.S.A., Canada and the E.U.
Barbados also offers special business sector incentives to the following areas of business:
Information Technology Services Sector
- Special tax rate of 2 1/2% on net profits.
- Full exemption from import duties on production related equipment such as computers.
- Full and unrestricted repatriation of capital, profits and dividends.
- Subsidized office space available for rental in fully serviced industrial parks.
- Training grant of US $50.00 per employee per week during the first 18 months of operation.
Manufacturing and Production Industries
- Up to ten years exemption from taxes on corporate profits.
- 2 1/2% tax rate for export industries thereafter.
- Exemption from import duties on parts, raw materials and production machinery.
- Expedited customs clearance procedures.
- Full and unrestricted repatriation of capital, profits and dividends.
- Subsidized factory space in well planned and fully serviced industrial parks.
- Training grant of US $50.00 per employee per week during the first 18 months of operation. Click HERE for further details.
- Coordinated investment approval procedures.
Tourism and Hospitality Sector
International Financial Services Companies
Barbados has established a reputation as a world-class international financial services center, developing a network of double taxation treaties, domestic tax policies, and legislation which facilitates a thriving industry.
- Offshore Banks
- Exempt Insurance Companies
- International Business Companies
- Foreign Sales Corporations
- Societies with Restricted Liability
- Trust Companies
- Ship Registration and Shipping Activities
