Barbados, Country Profile
Barbados is well known for its magnificent beaches and places of interest. This eastern Caribbean island is a very exciting tourist destination. Barbados is located at 13° 5″ North, 59° 37″ West, with a land area of 430 sq km. Barbados was first colonised by the British and became independent on the 30th of November 1966.
Barbados is now a modern hub for financial and offshore services; the island maintains economic and political stability and is considered to have one of the highest standards of living in the developing world.
Tourism is the island’s main revenue earner followed by exports of sugar. Barbados’ manufacturing and offshore industries are of significant economic importance, these sectors having been growing steadily for the past two decades and have played a vital role in the nation’s development.
The citizens of Barbados are an asset towards its continued development; Barbados’ human resources consist of well educated, skilled and creative individuals. The people of Barbados have transformed the country into a centre of excellence with social stability.
The island’s well supported transport infrastructure and access to industrial complexes are factors which has propelled its manufacturing industry. Barbados also has invested in modern air and sea port facilities which provide efficient scheduling of import and export operations.
Barbados provides efficient incorporation of business entities; this process is supported with solid investment laws, taxation agreements and investment treaties.
New industries have emerged in technology and financial services. The island is also exploring for new reserves of oil and natural gas as it progresses forward.
The services sector has proven to be sustainable with many investors starting businesses on the island; Barbados is the ideal location for any international business to branch off into this region or route its products and services around the world.
Internet domain: .bb
Dialing code: +1 246
Main language: English