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...
Plans are underway to welcome smaller cruise ships to Speightstown as early as the upcoming cruise season, Member of Parliament for St. Peter, Colin Jordan, has revealed. The initiative aims to revitalise the historic town and boost economic activity. Speaking at the annual general meeting of the Barbados Labour Party’s St. Peter branch at The Alexandra School, Jordan shared that cruise liners have...
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...
Richard Branson’s Moskito Island, a 125-acre haven of luxury in the British Virgin Islands, has announced the debut of its newest villa, Cape Stout. This addition promises to enhance the island's reputation for exclusivity and unparalleled natural beauty. Cape Stout is strategically situated at the very tip of Moskito Island, offering sweeping views of both sunrise and sunset. The six-building estate...
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...
Caribbean Real Estate News: Highlights and Insights Barbados Real Estate Market: The market in Barbados remains robust, particularly for luxury properties and beachfront developments. Despite global economic fluctuations, high-end investors continue to be attracted to Barbados due to its stability and appeal as a prime vacation and retirement destination. Read about Barbados News – Economy...
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...