Businesses in Scotland are invited to take part in a Trade and Investment mission to Barbados in November.
The warm welcome has been extended by Invest Barbados, the economic development agency for this beautiful, friendly island nation.
Sponsored by the government of Barbados, Invest Barbados is focused on attracting, winning and sustaining foreign investment into its flourishing economy.
The corporation is seeking secure and support sustainable investments that will further enhance economic and social development in Barbados.
November’s mission aims to develop closer economic ties between Scotland and Barbados, as well as collaborations within the education sector at the tertiary level.
Amazing investment opportunities
Investment from Scottish businesses is welcome in several key areas. These are:
- Renewable energy
- Distilling and brewing
- Food and beverage
- Medical tourism
- Maritime
Other opportunities also exist in Wealth Management, insurance, real estate and agribusiness.
The mission
The trade mission is being held from November 20 to 25, 2022. Invest Barbados and Department of International Trade (DIT) are joint hosts for the event.
Itinerary
Days one and two will comprise information sessions for delegates with presentations from various organisations such as Invest Barbados, Export Barbados, DIT, Barbados Chamber of Commerce and BIBA.
Days three and four will involve B2B meetings. There will be networking cocktail evenings and a farewell dinner hosted by The British High Commission.
Shane Thomas is Invest Barbados’ representative in Scotland. He says that while Scotland already enjoys long-standing links with the island, the overall objective of the latest mission is to achieve even more lasting partnerships with Scottish firms.
Shane explains: “We are seeking to achieve increased trade and investment across a number of sectors.
“Barbados has an ambitious net zero emissions plan to achieve 100% of its electricity generation from renewable energy by 2030.
“As Scotland is the European leader in renewable energy development, it will be a golden opportunity to collaborate and possibly establish joint ventures in the various renewable energy solutions.
“Additionally, it would be very important to establish University courses that can be offered between the countries, allowing students to study in both countries.”
Why choose Barbados?
Apart from its educated workforce, Barbados offers an attractive value proposition, including:
- a business-friendly environment
- expanding treaty network
- excellent quality of life
- sound ICT infrastructure
- a highly developed legal system.
These attributes make Barbados a very attractive jurisdiction for businesses to set up headquarters and provide the perfect gateway to showcase further investment opportunities throughout the Latin America and the Caribbean region.
Shane concludes: “Currently, the island is seeking to be known as the BIO Island where bio science will be encouraged and developed. From the last trade mission from Scotland, it was agreed to develop wave energy, which is in the pipeline for this year. “
Consider Barbados! The jurisdiction offers a welcoming investment climate.
Contact us today!
Email: sthomas@investbarbados.org and visit investbarbados.org for full details.
Doing business in Barbados
Barbados is justly proud of its well-regulated, transparent and supportive business environment.
Business start-ups are refreshingly straightforward and free of red tape, and the country’s strong legal system ensures that property rights and intellectual property are well-protected.
The international business sector is built on treaty-based agreements, including provisions for the exchange of information.
Barbados is recognised as the only independent Caribbean nation which has substantially implemented internationally agreed tax standards, and was also one of the first in the area to converge its local and overseas tax rate, making its tax system globally competitive.
Its government is committed to working alongside Invest Barbados and other stakeholders to ensure that the country remains a safe and welcoming place for foreign direct investment is a highly competitive global economy.
