Business Barbados 2022

APPEALING ICT INVESTMENT OPPORTUNITIES Barbados - a Preferred Choice Barbados is on the move. With a mission to transform its digital footprint and modernise its services, the country is on track to further enhance its global competitiveness and the ease of doing business. This aligns well with the affirmation that Barbados is a preferred choice for investors who require Information and Communications Technology (ICT) to drive their operations. Known to many as a vibrant global financial centre, Barbados continues to focus on providing world class service to local and global businesses. ICT is just one of the several appealing investment opportunities to be found in the jurisdiction. Talented Workforce It is often said that an organisation is only as good as its employees. One of the reasons why Barbados excels as a suitable location to establish or expand operations is due to its well-educated, productive and highly skilled human resources. With regards to the ICT sector, information technology and computer studies programmes can be found on the syllabus within several educational institutions from secondary to tertiary levels. In fact, many of our tertiary institutions annually produce a cadre of well-trained and qualified candidates for ICT related jobs. Additionally, there is also no shortage of ICT support services, technology skills and experts, as there are several local and foreign owned business engaged in the ICT services sector. These include software development, contact centres, transaction processing, health insurance claims processing, web application, IT consulting, credit card applications and computer aided design, among others. Competitive Costs For decades now, several ICT companies have proven/found Barbados to be an attractive location. In addition to the jurisdiction’s geographic location which makes it compatible with the time zone in the USA’s eastern seaboard, the availability of clean and reliable electricity supply, productive and easily trainable workforce, competitive labour rates and business costs, all combine to make Barbados a compelling choice. Robust Telecoms Infrastructure Apart from being a business-friendly jurisdiction with an excellent quality of life, the country has consistently received high ratings for its speedy internet connectivity and robust telecommunications infrastructure. Barbados ranked 2nd in the Caribbean and 6th in the Americas in the September 2021 Speedtest Global Index for fixed broadband. With the introduction of the Barbados Welcome Stamp, the availability of fast, reliable and stable internet connectivity proved to be a key competitive advantage; Kaye-Anne Brathwaite CEO, Invest Barbados 99 BUSINESS BARBADOS 2022 A P P E A L I N G I C T I N V E S T M E N T O P P O R T U N I T I E S