The Caribbean is experiencing a rapid rebound in tourism following the disruption caused by Hurricane Beryl last month, according to the Caribbean Hotel and Tourism Association (CHTA). Despite the storm's severe impact, particularly in the Grenadines, the region has made a "remarkable turnaround," driven by renewed interest from U.S. travelers, its largest market. Hurricane Beryl, which struck the...
In 2024, Barbados emerged as a key contributor to the growth of air traffic in the Caribbean, driven by a remarkable recovery in its tourism sector. The Grantley Adams International Airport (GAIA) played a pivotal role, witnessing a significant rise in passenger numbers as the island’s tourism industry rebounded from the disruptions of previous years. Monthly arrivals at GAIA consistently surpassed...
Barbados’ most famous native, Rihanna, made a triumphant return to the Crop Over Festival, marking her first appearance since 2019. The global superstar, known for her iconic fashion statements, once again stole the show at the Grand Kadooment parade, a centerpiece of the island’s most cherished cultural celebration. On Monday, August 5, 2024, the streets came alive as Rihanna joined the...
Barbados is set to launch its inaugural Battery Energy Storage System (BESS) project, a significant step towards enhancing the country's renewable energy infrastructure. This initiative aims to bolster the electricity grid and facilitate the connection of previously stalled solar photovoltaic (PV) systems. The Ministry of Energy and Business is spearheading a three-day Procurement Design Workshop,...
The Caribbean's access to African markets is set to expand significantly, thanks to a new partnership between the Caribbean Export Development Agency (Caribbean Export) and the African Export-Import Bank (Afreximbank). This collaboration, formalized through a Memorandum of Understanding (MoU), aims to strengthen ties in crucial areas such as capacity building, information exchange, trade facilitation, and...
As the Caribbean hotel industry continues to expand, MGallery is making its debut in the region with an exciting new property. The Whimsy Hotel & Spa Saint-Martin – MGallery Collection is set to open in 2025, bringing a blend of French elegance and Caribbean charm to the island of Saint-Martin. Located near Marigot on the French side of Saint-Martin, the hotel will transform the former Beach...
The Caribbean, with its breathtaking landscapes, vibrant cultures, and strategic geographic location, has long been a desirable destination for tourists. However, it is also an exceptional place for investment. Boasting a combination of modern infrastructure, skilled labor, stable economies, and attractive incentive programs, the Caribbean offers a unique and lucrative opportunity for investors. Here are...
Setting up a company in Barbados involves navigating several legal and procedural steps. Whether you're looking to form a Regular Business Company (RBC), an Unincorporated Business, or an External Company, understanding the requirements and processes is crucial for a smooth establishment. Here’s a comprehensive guide to help you get started: Establishing a Regular Business Company or Society with...
Barbados offers a diverse range of emerging investment opportunities, supported by a robust infrastructure, skilled workforce, and favorable business environment. Whether you're looking to invest in ICT, fintech, niche manufacturing, renewable energy, medical tourism, bioscience, or education, Barbados has the resources and regulatory framework to help your business thrive. Information and...
Barbados presents a wealth of opportunities in financial services and insurance, supported by a favorable business environment, robust infrastructure, and skilled workforce. Investors can benefit from the island's regulatory framework, experienced professionals, and excellent quality of life. Financial Services Barbados has long been a hub for financial services, attracting banks and high-net-worth...