Barbados Investment & Development Corporation to host Global Business Expansion Symposium

NEW YORK, N.Y – The Barbados Government and the Barbados Investment and Development Corporation will host a half-day business symposium at New York City’s Grand Hyatt Hotel, Park Avenue at Grand Central on Thursday, June 22, 2006 from 8:30 – 11:30 a.m.

The conference, entitled “Managing Global Business Expansion – Utilizing Global Sourcing & Tax Treaty Networks,” will feature presentations on selected topics such as Tax Treaties for Global Competitiveness, Wealth Management and Investment Banking in Barbados and Opportunities in providing Global Business Solutions using the Barbados domicile.

This event is of particular interest to senior executives, lawyers, and accountants with responsibility for global business expansion in call centers, software development, banking, insurance, finance, trusts, and IT processing services. Learn how US companies can creatively develop business partnerships with Barbadians using its near-shore location and tax-treaty network.

The program is scheduled to commence at 8:30 a.m. with breakfast and registration, followed by a presentation at 9:05 a.m. on ‘Barbados’ Policy Toward Foreign Investment,’ by The Hon. Mia A. Mottley, Q.C., M.P., Deputy Prime Minister and Minister of Economic Affairs of Barbados.

The following featured presentations will commence at 9:25 a.m.:

● The Barbados – USA and the Barbados – China Tax Treaties by Mr. Gregory Hannays, Senior Manager, Ernst & Young Caribbean.

● Maximizing Your Return – Wealth Management and Investment Banking in Barbados by Ms. Caroline Prow, Vice President, Butterfield Asset Management (Barbados) Ltd.

● Barbados A Successful Business Processing Outsourcing Model: A Case Study – NCO Group by Mr. Glenn Braverman, Partner & Executive V.P., International Market Access.

The program concludes with a panel discussion on ‘Opportunities and Challenges for Barbados in Providing Global Business Solutions’, which will be moderated by Anthony Sobers, CEO of the BIDC, and this will be followed by a question and answer and networking session.

According to Mr. Sobers, “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”.

“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.”

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