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Niche Manufacturing
This is a growing sector that is ripe for further development and investment. Barbados’ highly skilled population makes it especially fitting for the specialised training often required in niche manufacturing areas such as production of optical devices and medical supplies, electronic equipment and even high fashion.
Investors in this area can benefit from benefits such as full exemption from import duties on the components, raw materials and equipment needed for their enterprise.
Financial Services
The financial services sector is booming in Barbados and with good reason. There are actually over 2300 operations in Barbados working in international trade and commerce under the International Business Companies Act and the Societies with Restricted Liability Act.
Modern, flexible legislation, double taxation agreements with a wide network of nations across the world and excellent support services have helped draw investors. They recognise that there are all kinds of direct incentives and indirect benefits to establishing an international financial service operation in Barbados, including special tax concessions for specially qualified professionals needed for it.
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