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This newsletter contains an account of the Association's activities during the month of July 2013, including a a 17-point action plan that BIBA submitted to the Minister of Finance, which the Association believes would not only allow Barbados to maintain its current international business, but also generate new business in these challenging times. Please download a copy of the newsletter by clicking on the link.
This newsletter introduces the new President of BIBA, Mr. Ryle Weekes, President of Cidel Bank & Trust, and the new Board of Directors for the 2013 - 2014 administrative year. It also recaps the ongoing work of the BIBA Secretariat and standing committees and offers an update on the upcoming International Business Week 2013. Please download a copy of the newsletter by clicking the link.
This newsletter covers all the activities undertaken by BIBA for the month of April, including the first time presentation to the association by new Minister of International Business, The Hon. Donville Inniss, at our monthly luncheon seminar. Please download a copy of the April 2013 newsletter by clicking on the link below.
This newsletter offers an update on all that BIBA undertook in the month of March, particularly the outcome of the extensive meeting held between representatives of the BIBA Executive and the new Minister of International Business, The Hon. Donville Inniss and his team of ministry officials. The newsletter also reports on efforts made by Government on BIBA's instigation to mediate with the Canada Revenue Agency and the Canada Ministry of Finance on behalf of international banks registered in Barbados.
This newsletter highlights recent statistics about the growth and development of the industry, as well as keeps readers updated on the activities of BIBA. In it, the president also extends a warm welcome to the new Minister of International Business. Download the February 2013 newsletter here.
This first newsletter for 2013 informs readers of new developments that have taken place in BIBA and the wider international business sector in the first month of this year. Download the January 2013 BIBA Newsletter here.
This newsletter offers an overview of BIBA's activities over the last months of 2012 and takes a forward-looking perspective on 2013. You can also read learn more about the upcoming LexisNexis International Trust & Tax Congress, on which BIBA is once again a sponsoring partner.
Having drawn the curtain on our fourth International Business Week (IBW) and we are pleased to offer here a special edition newsletter that offers a comprehensive review of all the week’s activities. We also offer in this newsletter some highlights of other developments, including the amended Holidays with Pay Act; collaborations with the Barbados Bar Association to to facilitate urgently needed improvements in the island's justice system; and new initiatives by the Financial Service Commission with wide implications for the insurance sector.
This newsletter contains the first message from 2012-2013 BIBA President Ms. Melanie Jones, an overview of the July luncheon that focused on market opportunities for Barbados as an international business jurisdiction, and a message of support from the Minister of Health Donville Inniss. Read more of what BIBA and its Strategic Partners have been up to in relation to developing the sector by downloading a copy of our July to August 2012 BIBA newsletter.
This edition carries a farewell message from outgoing President Ms. Connie Smith as well as an introduction to the 2012-2013 President, Ms. Melanie Jones, and the new BIBA Board. You can also read about the requests made by BIBA in its pre-Budget meeting with government as well as further updates on the plans for International Business Week 2012.
This edition of the newsletter contains a wide overview of the March 2012 LexisNexis International Tax and Trust Congress and the first on this year's International Business Week celebrations.
This edition of the BIBA newsletter explores the new Money Laundering and Financing of Terrorism (Prevention and Control) Act (2011-23) more commonly called the Anti-Money Laundering legislation, which covers the major changes to the rules that outline the responsibilities of the non-banking community including real estate agents, jewellers, lawyers and accountants.
This edition of the newsletter highlights BIBA's final activities for 2011 and offers updates from the CEO of Invest Barbados on new priorities and developments in the expansion of Barbados's robust tax treaty network.
Since our last newsletter BIBA has been playing an active role in bringing to the attention of all of our stakeholders, in both the private and public spheres, the challenges currently facing the international business sector in Barbados, as well as the opportunities that the sector presents for all Barbadians. Contained herein are also discussions on some significant international challenges that, we felt needed to be highlighted.
This edition of the newsletter highlights the new Budgetary proposals released in Government that were of relevance to the international business sector, provides perspective from BIBA-Canada on domestic developments there that could impact on the way Canada does business with Barbados, and highlights the activities of the 2011 International Business Week.
In this issue of the BIBA newsletter, Immediate Past President Mohammed Patel sends a farewell message to members while new President Connie Smith outlines the areas that she and the new administration plan to focus on during her tenure given the pace at which the global landscape for international business centres such as Barbados is currently evolving. The schedule for International Business Week 2012 is also featured. Please download a copy of the full newsletter here.
BIBA has been very pleased at how seriously the Barbados government responded to the actions taken by the Organisation for Economic Cooperation and Development and the UK customs authorities. More insight on government’s perspective on these and other related matters can be found in this newsletter. Please download a copy of the full newsletter here.
The strength of recovery in Barbados’ international business sector buoyed our spirits last year as our sector continued to outperform the island’s other major foreign exchange earners. However, this new year has brought with it new challenges and our first newsletter for 2011 offers varying perspectives on how to engage these challenges. Please download a copy of the full newsletter here.
The last quarter of 2010 was one of varied experiences for Barbados and the international business sector. We were faced in October with the sudden death of Prime Minister David Thompson while in office, plus the adversity wrought by being hit by one of the most costly natural disasters to affect Barbados within the past decade. Against that background and the concomitant challenges, BIBA and its strategic partners were still able to stage the second International Business Week, which in fact stretched its activities from the end of October to the middle of November to accommodate the events postponed on account of Prime Minister Thompson’s passing and the passage of tropical storm (later hurricane) Tomas. Download the full Newsletter here.
Between April 30 and May 2, 2012, representatives of the BIBA Legal Profession Committee undertook a private sector marketing trip to Calgary in Canada, during which time they met with representatives of 13 firms, through the assistance of BIBA-Canada, and promoted Barbados as a jurisdiction of choice for international business. This report is a PDF file and must be downloaded to be viewed.
The 2010-2011 Annual Report outlines the various activities and initiatives undertaken by the organisation through the work of its sub-committees and secretariat over the reporting period. This is a PDF document and must be downloaded to be viewed.
The 2009-2010 Annual Report outlines the various activities and initiatives undertaken by the organisation through the work of its sub-committees and secretariat over the reporting period. This is a PDF document and must be downloaded to be viewed.
Canada and Barbados, on November 8, 2011 signed a Protocol Amending the Canada – Barbados Tax Agreement. The original Double Taxation Agreement (“DTA”) came into Force on December 22, 1980. This Bulletin offers a perspective on some of the major amendments to the DTA and their implications for doing business in Barbados. Download the November 2011 edition of the Tax Bulletin here.
This Bulletin discussed the recent announcement by the Barbados government that it had initialled Tax Information Exchange Agreements (“TIEAs”) with Denmark and its dependencies Greenland and the Faroe Islands despite Barbados' stated preference for signing double taxation agreements over TIEAs.
There has been considerable activity in the area of international tax matters affecting Barbados and this bulletin seeks to address the impact of some of these developments. Download the April 2011 edition of the BIBA Tax Committee Bulletin here.
Chair of the BIBA Tax Committee Russ Jones questions the Global Forum’s legitimacy to sanction Barbados and reiterates the country’s right to tax sovereignty as argued by the Barbados government in its response to the report. Download the February 10, 2011, Tax Committee Bulletin here.