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Edinburgh to host Barbados investment event

Barbados: investment opportunities

Edinburgh will host a diplomatic and business event showcasing opportunities on the Caribbean Island of Barbados.  The event signals another return to normalcy as Scotland emerges from the COVID-19 pandemic.

This special event will be held at the Norton House Hotel at Ingliston, on Tuesday 21 September from 5pm. The reception is hosted by Invest Barbados, the economic development agency of the government of Barbados and Business Friends of Barbados (Scotland). 

Speakers will include the Barbados High Commissioner to the UK, Milton Innis; CEO of Invest Barbados, Kaye-Anne Brathwaite and chairman of Business Friends of Barbados, Ian Gittens.

Famed as a popular tourism destination, Barbados also offers a warm and welcoming investment climate. The island boasts ambitions to become a “digitally-enabled nation” and is well on track to achieving the goal of 100% renewable energy generation by 2030, delivering a carbon-net-neutral target. The opportunity is ideal for those looking for more information and greater links with Scotland.

Investment opportunities for exploration include niche manufacturing, global banking, information and computer technology (ICT), global education, food and drink, wealth management, insurance, renewable energy, and medical tourism, among others.

The investment event comes hot on the heels of the recent announcement of Scotland’s only direct route to the Caribbean, with Virgin Atlantic launching a connection from Edinburgh to Bridgetown, Barbados, set to launch on 5 December.

It also comes as a precursor to a trade mission to the island from Scotland, which will take place from 22-27 November 2021, the first in-person mission to Barbados since the start of Covid in early 2020.

Of additional interest is an innovative and highly successful ‘Welcome Stamp’ (introduced at the beginning of the COVID-19 pandemic), which enables individuals to stay and work remotely on the island without changing their tax residency. 

It also has the lowest structure of income tax rates and some of the most competitive personal income taxes. Additionally, Barbados is a gateway to investment in the wider Caribbean and Latin America.

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