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Business Environment: A Profile of Barbados

See National Emblems of Barbados - Flag, Anthem, Pledge, Coat of Arms

People

1. Barbados has a resident population of 257,000
2. A labor force of 126,000 - skilled, well educated and motivated, with productivity levels equal to or higher than those in North America or Europe.
3. The island's British based educational system has produced a 99% literacy rate - one of the highest in the world.

1. Judicial, political and administrative institutions are closely modeled on the British system.
2. All political parties are "middle of the road", supportive of the free enterprise system, and committed to the rule of law.
3. Barbados has had representative government since 1939 and became an independent country in 1966.
4. Click here for list of Government Ministers

1. Investment laws are clear and modern
2. There are no restrictions on foreign ownership of business enterprises.
3. There is prompt governmental response
4. Government actively encourages foreign investment in the industrial sector.

1. The island can boast of its excellent infrastructure with electric power, roads, telephone, facsimile, airport and seaport equivalent to those in industrialized countries.

1. Barbados provides the investor with an extensive range of Banking and other financial services.
2. There is a pool of world class legal and accounting professionals - most of the international accounting firms are represented on the island