If you like the idea of investing in a place where the political and societal infrastructure is very stable, a functional high tech telecom infrastructure, low tax system and business-like suitable place, then Barbados is a best option for you. Examples of existing Barbados Investment Developments are Financial Services, Manufacturing, and Information Technology. So why do you think investing in Barbados a critical way to expand your business?

For one, businessmen may opt to invest in Barbados because of the possibilities of seeing the best accounting, financial and legal services in the world, even in such a remote location within the Caribbean chain of islands. Understanding the way Barbados local government sustains their best efforts in putting up systematic ways of enhancing the infrastructures, taxation system and business opportunities, you can view Barbados a potential business venture moving forward. Part of the government efforts are composed of boosting the Corporate Registry, and signing better tax treaties with the UK, Canada, and the US.

There are many benefits you need to consider for you to gain positive results in pursuing Barbados Investment Developments. For one, you can get a 10-year tax holiday complete with 21/2% tax rate per year for every year after that. You get exempted from any import duties. Capital plus profits and dividends get complete repatriation as well. The ten industrial parks are not only fully-serviced but they provide less expensive and subsidized factory space too. Worker training comes with cash grants while customs services are both effective and cooperative.

The Barbados Investment and Development Corporation will give you consulting services free of charge. Since the government is dedicated to promoting private enterprises, you will find that government officials will welcome your legitimate efforts to invest in the place. Operating expenses are inexpensive so that savings reach at least 40% and even more. At the same time, you can hire people who are trainable, literate, productive yet skilled so that your business experiences low turnover and absenteeism rates.

It is possible to make holiday investments, such as investing in Barbados real estate properties. Actually, this may be the more commonly-known form of investing in Barbados that most people are aware of. Investing in a holiday real estate property may mean setting aside at least $150,000 up to $2,000,000 at the most per holiday investments property you purchase. The appeal of this type of investment is that you can always rent out your holiday investments when you are not occupying it or have not lent it out to friends and family for their use. If you can manage to get 100% occupancy year-round, then that is a pretty good source of income for you that can help you recoup the cost of having your holiday investments upgraded or the initial purchase price.

The economy of Barbados has traditionally relied upon the cultivation of sugar. After World War II, however, tourism quickly began to spread throughout the entire region. International tourism has now become the main source of revenue for Barbados.
Economic History

The island’s first inhabitants, the Arawaks, practiced farming and agriculture, including the harvesting of cotton and corn. Plantations to grow cotton and tobacco were established not long after the arrival of English settlers in 1627. The economic history of the island changed irrevocably shortly afterwards, when the Dutch introduced sugar cane from Brazil. In addition to introducing the new crop, the Dutch taught Barbadians effective ways to produce the highest yield from the sugar cane. Used for the production of rum and as an export to Europe, sugar cane became the primary wealth generator on the island. It was also the reason that West African slaves were transported to Barbados – to work the sugar plantations. Sugar was even used as currency in bartering.

By 1720, however, other islands in the region replaced Barbados as the leaders of the sugar industry in the Caribbean. But sugar remained the most important industry in Barbados for generating economic well-being, and the industry was once again profitable in 1910. The 1920′s and 1930′s brought trade unions to Barbados, but the Great Depression that struck the world during this time created high levels of unemployment and poverty on the island. The English injected money into the Barbadian economy to keep it afloat, and the rise of tourism after World War II proved to be the new money maker for the entire region.
The Present

While the light industry and finance sectors contribute significantly to the GDP, tourism is the overwhelming economic force in the country. The decline in tourism after the terrorist attacks of September 11, 2001 caused a slowdown in the economy of Barbados. Increased tourism and improved economic conditions in the United States and Europe in the last few years have helped to inject money back into the economy.

The government in Barbados actively works to improve its economy and the lives of its citizens by promoting foreign travel and investment on this beautiful island.