Establishment of Invest Barbados
The Barbados International Business Promotion Corporation (BIBPC) was established as a statutory corporation on November 10, 2005. The corporation subsequently gained permission to trade under the new name Invest Barbados in 2005; however, it wasn’t until October 1, 2006 that the business became operational and the first employee was hired. Effective January 1, 2007 the International Business Division of the Barbados Investment and Development Corporation (BIDC) was transferred to Invest Barbados. Invest Barbados therefore now assumes the responsibility of the promotion of international business.
Invest Barbados (IB) is an economic development agency of the government of Barbados. IB is responsible for attracting, winning and sustaining international investment for Barbados. The corporation is also responsible for unleashing the export potential of the indigenous services sector and helping to develop and manage the Barbados Business brand.
Vision
“To be recognised as a leading investment and export promotion agency by virtue of our success in producing foreign exchange, jobs and tax revenue.”
Mission
“To secure sustainable foreign direct investment and service export business that result in increased jobs, technology and skills transfer, foreign exchange and tax revenues for Barbados.”
In pursuing our mission we will:
- Recruit, train and retain high quality people to execute our mandate
- Engage in promotional and sales activities globally
- Conduct research to facilitate the development of new products and markets
- Manage Barbados’ investment climate to ensure client satisfaction and future growth
Mandate
- To promote Barbados as a desirable investment location, and land foreign direct investment
- To promote the export of services and win export business for service sectors in Barbados
- To monitor competitive domiciles, clients and markets for new trends and legislative changes, and develop new products
- To work with other stakeholders to manage and develop the Barbados business brand
Our Services
- Promoting and landing foreign direct investment
- Promoting and winning export deals for indigenous service providers
- Providing technical assistance funding support to indigenous service providers
- Providing relevant, timely, current, quality information to investors and indigenous service exporters
- Ensuring that the Barbados environment is conducive to foreign direct investment
- Developing new investment products
- Collaborating with stakeholders to manage the Barbados business brand
Phone (246) 626-2000
Fax (246) 626-2099
Email info@investbarbados.org
Website http://www.investbarbados.org