Business Barbados 2022

BRIEF HISTORY BIBA is a not-for-profit private sector organisation that comprises companies involved in global business in Barbados and companies that are otherwise strategically associated with this sector. It is the successor to the Barbados Association of International Business Companies and Offshore Banks (BAIBCOB), which was originally formed in 1997. Months later, a decision was made to embrace the membership of BAIBCOB, the Canada Barbados Business Association (CBBA), and the Barbados International Insurance Association (BIIA) under one umbrella, the Barbados International Business Association was incorporated in November that year. WHO WE ARE In 2020, we rebranded as “BIBA, the Association for Global Business” to signal that we embrace all companies in Barbados who service global markets, both domestic and international, and to align with Prime Minister Mottley’s expressed goal to cement Barbados as a global business hub.BIBA has a current membership of over 140 companies drawn from Canada, the US, the UK, Latin America, and Europe, primarily in banking and wealth management, insurance, fintech, manufacturing, logistics, legal, accounting, tax, and corporate service providers, and many more. OUR VISION “To work, as a trusted strategic partner of members and stakeholders, for the advancement and sustainability of global business conducted in and from Barbados” OUR MEMBERS BIBA counts among its membership some of the leading names in corporate Barbados and across the globe. OUR GOALS • To be the industry voice to the Barbados government and community. • To provide a forum for exchanges of information and ideas among members. • To ensure our members’ professional and personal interests are adequately served. • To be the catalyst for creating and maintaining private and public sector unity in the effort to develop Barbados. • To be an invaluable partner to the government and the people of Barbados in the development efforts of the country. • To liaise with and facilitate the work of the relevant government ministries, statutory bodies, and other organizations involved in the development and regulation of international business in Barbados. • To be an authority and major source of information on matters related to global business. • To be a major point of contact for helpful advice and orientation of new investors to the island. A TRUSTED PARTNER BIBA has sought to be a responsive, valued, and trusted partner to our members in the pursuit of these goals and we are pleased to highlight the following achievements: • BIBA holds seats on the Boards of Invest Barbados and the Barbados Private Sector Association (BPSA). As a member of the BPSA, BIBA participates in the full Social Partnership: a tripartite participatory governance body chaired by the Prime Minister, in which the Private Sector, Government and the Trade Union Movement dialogue to arrive at collective solutions for economic and social challenges facing the country • BIBA is a member of the Barbados Treaty Negotiation Team, the mechanism responsible for the negotiation of Bilateral Investment Treaties and Double Taxation Agreements. Carmel Haynes Executive Director Barbados International Business Association BUSINESS BARBADOS 2022 70