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Stable Economy

International Business Unit by International Business Unit
June 13, 2014

The island of Barbados has a long history of social, political and economic stability.  It is this stability which makes Barbados an excellent offshore jurisdiction for the discriminating high net worth private and corporate client.

 

The Parliament of Barbados is the third oldest legislature in the Americas, initially patterned after the Parliament of England.  The jurisdiction is a parliamentary democracy committed to the rule of law and good governance.

 

The economic stability of the island has also played a major role in its attractiveness as an international business and financial services centre.  Barbados’ currency is tied to the US dollar at a rate of one US dollar to two Barbadian dollars and the island is served by a well established financial system.

 

 

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