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A Profile of Barbados

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

People

  • Barbados has a resident population of 257,000
  • 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.
  • The island's British based educational system has produced a 99% literacy rate - one of the highest in the world.

Government

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

Business Environment

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

Infrastructure

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

Support Services

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