Since the enactment of the original International Business Companies Act in 1969, Barbados continues to improve and expand its legislative framework to provide generous incentives, greater flexibility for investors, and in many other ways facilitate international business activities.

Barbados is also effecting radical changes to its infrastructure to accommodate increased activity in international business, and to facilitate investments from local, regional and international sources.

The Government remains committed to its vision of transforming Barbados into a country that provides high quality services to the international market, and acts as a hub for the Caribbean and a convergence point for business facilitation in the Americas.

In recognition of the role double taxation agreements can play in facilitating international business, Barbados is continually seeking to expand the number of countries with which it negotiates such agreements. Barbados currently has twelve bilateral double taxation agreements. The corresponding countries are, Canada, the USA, the UK, China, Finland, Malta, Norway, Switzerland, Mauritius, Sweden, Venezuela, and Cuba, and its CARICOM neighbours. The Government will continue its programme of actively expanding its network of double taxation treaties to create a favourable export climate for service providers and manufacturers.