Barbados is hoping to attract additional investment from the United States following a recent symposium in New York organised by the Barbados Investment and Development Corporation.
According to BIDC chief executive officer Anthony J. Sober, the conference, entitled ‘Welcoming International Business,’ sought to explain the advantages of setting up and conducting business in Barbados, highlighting through a number of presentations the island’s favourable tax and regulatory regime.
“Barbados offers comprehensive solutions for investment needs, and our organisation provides personalised advisory services that support potential investors,” Sobers explained.
“We’ve welcomed more than 5,000 international companies, and the business symposium was a dynamic forum for sharing Barbados’ advantages with others who can benefit from relocating here,” he added, according to Barbados Nation News.
Discussing Barbados and the international financial climate, Dr Carl Ross, senior managing director with investment bank Bear Stearns & Company, considered the country one of the safest investment environments in the Caribbean, which he noted is underpinned by economic stability.
Meanwhile Kate Westover, the BIDC’s International Insurance Consultant, highlighted the jurisdiction’s network of tax treaties, including that with the United States, and its favourable captive insurance legislation.
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