"As one of the Creators of Resort Architecture of Barbados since the Sixties, I have seen Barbados develop into "The Monte Carlo" of the Caribbean. There is no other sophisticated, peaceful paradise like it." - Ian Morrison
Barbados is the premier luxury destination in the Caribbean. The island is well know for its friendly people, majestic views, beautiful beaches and the wide diversity of activities and services it offers. The island’s popularity as a second home destination has also increased over the last 10 years and the island’s West Coast showcases some of the most attractive and exclusive properties in the world.
A variety of factors contribute to the island’s continued popularity including:- The island offers a wide diversity of activities and services including five star restaurants & spas, World class Golf courses, Polo fields, Horse racing, and of course Cricket.
- The island boasts an attractive climate year round, first class telecommunications, good infrastructure and excellent air and sea links to major markets making it easy to get here and still stay in touch with the rest of world or conduct business if needed.
- Independent since 1966, the island boasts one of the oldest parliamentary systems in the Western hemisphere and has a stable government, strong economy, well developed health, legal and tax system and low crime rate.
- According to the United Nations Development Programme, Barbados is the No. 1 most developed of all developing countries in the world with one of the highest standards of living and literacy rates in the developing world.
- Despite its small geographical size, Barbados consistently ranks as the top most livable country in Latin America and the Caribbean and in the top 31 most livable countries in the world in the Human Development Index rankings. The HDI measures the average achievements in a country in three basic dimensions of human development: A long and healthy life, as measured by life expectancy at birth; Knowledge, as measured by the adult literacy rate and the combined primary, secondary, and tertiary gross enrolment ratio; Standard of living, as measured by gross domestic product per capita at purchasing power parity in USD.
- There are no restrictions or penalties to the purchase and sale of real estate by foreign investors and the island is considered generally secure for foreign direct investment.
- The Government recently announced a number of initiatives which will positively impact the ownership and sale of real estate in Barbados. These include the removal of foreign exchange control restrictions which will allow the proceeds of sale of real estate to be repatriated without restriction where the sale of property by a non-resident is to another non-resident; the reduction of property transfer tax from 7.5% to 2.5%; and the reduction of annual land tax.
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