Business
FATCA among the new challenges affecting Barbados in the International Financial Services sector
Meanwhile, Barbados International Business Minister Donville Inniss, said the island-nation is well placed to be marketed as the gateway to Cuba for US and other investors who may be ready to take advantage of the new opportunities being presented in Cuba.
“The knowledge that Barbados is one of the few countries which possesses Double Taxation Agreements and Bilateral Investment Treaties (BITS) with the United States of America and Cuba and their effective utilization and impact on the international business environment among these states becomes more relevant to the international investor who wishes to do business with Cuba in light of the USA’s changing outlook.”
Inniss said, “given Barbados’ experience and knowledge in the effective operationalization of these bilateral arrangements, it is well placed to provide an interface between those markets without stifling innovation and entrepreneurship, if well conceptualized and strategized.” – (CMC)
