New vision for Barbados

Lined by miles of white powder sand and filled with the clearest blue water, the crescent shaped Carlisle Bay sits in front of Barbados’ historic capital city and is one of the most beautiful bays’ in the Caribbean.

With a new, dynatmic Prime Minister at the island’s helm, Barbados, led by Prime Minister Mia Mottley is set to re-develop its capital of Bridgetown and is attracting developers and investors to its shores. The Carlisle Bay Development project is a unique tourism investment prospect in any tropical island in the world today. This beachfront land, owned by the government and the private sector, sits on a beautiful crescent bay in front of the historic capital city and UNESCO site. At the center of this opportunity is the people of Barbados. The Prime Minister’s vision is that this development be the anchor for the complete regeneration of the communities in this urban corridor: livelihoods, infrastructure and sustainable futures for all.

The Government of Barbados teamed up with local and global urban strategists to not only identify areas for major tourism development, but have also outlined a beautiful mix of hotels, restaurants and promenades that will completely transform the area and Bridgetown with approximately 12 new hotels and 5 sites for significant expansions.

The Government of Barbados has overhauled their tax system to have the lowest OECD-compliant corporation taxes in the world along with low personal tax rates.

The Government of Barbados has overhauled their tax system to have the lowest OECD-compliant corporation taxes in the world along with low personal tax rates.

The Island’s fiscal incentives regime is also being overhauled to a system of rapid approvals with firm verification.

Barbados’ traditional attractions for tourism investment still remain. Barbados is still the most sophisticated destination in the Caribbean with some of the highest average daily spends, ranking for quality and number of repeat visitors in the world. According to the Smith Travel Research, Barbados has one of the highest average daily rates at US$289 (Rev Par of US$195) of major destinations. The island has strong airlift with 1.35 million passengers annually, and many daily direct flights from the US, UK, Canada, Germany and Panama. What these numbers do not tell, is the reason why visitors keep returning. High investment in public education, health and communities means that visitors have a unique, safe, relaxed yet sophisticated experience.

With a new vision, a new fiscal incentive regime and the Government’s dedication to work with investors on speedy approvals and full support from all supporting agencies, the City of Bridgetown could soon be a destination which can firmly stand on its own. For further information on this opportunity,

please go to: www.barbadosinvestmentforum.com

Barbados Tourism Investment Inc.

Ground Floor Old Town Hall Building Cheapside, Bridgetown BB 11142 Barbados

Telephone: 246-426-7085

Skype: 246-426-7085

Email: slayne@tourisminvest.com.bb

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