Barbados Investment and Development Corporation to host Global Business Expansion Symposium

Boston, MA – (CaribPR Newswire) – The Barbados Investment and Development Corporation will host a day-long business symposium on Thursday, March 23 at the Fairmont Copley Plaza Hotel in Boston.

The conference, entitled “Managing Global Business Expansion – Utilizing Global Sourcing & Tax Planning Strategies,” will feature presentations on selected topics including global sourcing solutions and global contingency planning and assets recovery. Event sponsors and participants include State Street Corporation, the Harvard Business School Caribbean Business Club, Ernst & Young, Global Equations and Outsource World.

The program will begin at 8 a.m. and will be followed by a roundtable discussion about successful business process outsourcing. It will conclude with a networking luncheon.

Featured presentations will include: Strategic Benefits of International Business Hubs within the Emerging Economic Order, by Anupam Govil, CEO, Global Equations; Global Contingency Planning and Assets Recovery – Managing the Process, by David Lawrence, vice president, State Street Corporation and Managing the Risk, Maximizing the Investment – The Case for Captives and ART’s, by Kathryn Westover, Vice President, Alternative Risk Financing Services.

Govil is a business consultant who has advised leading corporations, outsourcing regions and service providers on optimizing offshore strategies while Lawrence heads up client relationship management within Corporate Continuity and Client Services. Westover is an expert on captive program structuring.

Other presentations will include Leveraging Tax Treaty Networks for Global Competitiveness & Revenue Maximization – the Barbados/China Tax Treaty, by Wade George, partner, Ernst & Young and Barbados a Successful Business Process Outsourcing Model, by David Wright, general manager, First Trade Management Group. George is a tax expert responsible for advising multinational corporations on foreign direct investment, and large regional companies on cross border tax matters while Wright is a service provider to the Barbados International Business Sector.

“Barbados offers many competitive advantages to companies looking for practical, efficient expansion solutions and the symposium gives us a dynamic format to share this with potential investors,” said Anthony Sobers, CEO, Barbados Investment and Development Corporation. “The government offers several tax incentives, training grants and subsidized industrial space to help offset start-up costs for foreign businesses. Close geographic proximity and cultural similarities also are advantages for U.S. companies, which are better able to manage time zone differences and establish well-managed command centers close to home.”

Barbados, already home to more than 7,600 transnational companies, currently is working to escalate foreign business development and cultivate additional investment. The well-developed financial services sector is comprised of banking, insurance and trusts businesses.

Additionally, Barbados boasts one of the Caribbean’s most technologically advanced infrastructures and a highly skilled workforce. While tourism continues to be the primary economic driver, Barbados hopes to become the premier international business center in the region.

To register and for additional information on this Symposium, please call the BIDC’s New York Office at (212) 867-6420 or send an email to [email protected] or register online at www.bidc.com.
Barbados Investment And Development Corporation

Economic stability and a commitment to free enterprise create an attractive environment for offshore investment in Barbados, and the Barbados Investment and Development Corporation (BIDC) offers a sophisticated support system to expedite start-up and promote growth. BIDC offices are located in Barbados, New York, Toronto, Miami and London. For more information contact the BIDC toll- free at 800.841.7860 or visit its website at www.bidc.com.

Barbados Investment And Development Corporation

Economic stability and a commitment to free enterprise create an attractive environment for offshore investment in Barbados, and the Barbados Investment and Development Corporation (BIDC) offers a sophisticated support system to expedite start-up and promote growth. BIDC offices are located in Barbados, New York, Toronto, Miami and London. For more information contact the BIDC toll- free at 800.841.7860 or visit its website at www.bidc.com.