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Barbados Rises As International Offshore Jurisdiction Appealing For Chinese Investors

Barbados is actively developing itself as a global offshore jurisdiction. The Government of Barbados is instituting several measures to develop Barbados into an attractive centre for offshore investors from afar. Barbados will be launching an international Stock exchange and international trading platform in 2011. This will enable local investors to carry on trading international securities. This project is currently being undertaken by the Barbados Stock Exchange.

Barbados has inked bilateral double tax treaties with more than a score of countries, amongst which are, the United States, the United Kingdom, Canada, Switzerland, Sweden, Norway, Finland, last but not the least, China. Most of these treaties are compliant with the international standards and technical recommendations from the OECD. Furthermore Barbados is currently weaving the largest double tax treaty network in the Caribbean region.

Barbadian Prime Minister Freundel Stuart visited China with stopovers in Beijing and Shanghai late June to cement a closer economic partnership between the two nations and solicit for more Chinese investments to be channeled into his nation. Barbadian financiers are delighted to be of the service of Chinese investors and a few banks offer customer services in the Cantonese dialect.

The Barbados Government remains committed to its vision of transforming Barbados into an international financial centre with a regulatory infrastructure that warrants such a status. This jurisdiction provides high quality services to the international market, and acts as a hub for the Caribbean and a convergence point for business facilitation between the Americas.