Offshore Financial Centres (OFCs), as low-tax, lightly regulated jurisdictions, specialise in providing the corporate and commercial infrastructure for the formation of offshore companies and for the investment of offshore funds.
Living and working in Barbados
Despite gaining independence from the UK in 1966, Barbados is sometimes called ‘Little England' to reflect the most English of the Caribbean Offshore jurisdictions and cricket is a big sport here. There is also a carnival feel to the island with the annual Crop Over festival in July and August being a major event.
Due to the size of the island and the relatively small population of 290,000, the working environment is of a concise nature so professionals can expect to work in smaller teams where they will gain broader exposure and can add greater value. They will also work closely with their clients as a valued member of the team. Commuting distances are negligible which means there is more time to enjoy outside work pursuits.
The island has a thriving sporting and social community and it is easy to make friends with like-minded people keen on water sports such as snorkelling, scuba diving or for those who prefer the more relaxed pastime of beach life!
Salaries are uniformly high and with the favourable tax position, UK and US professionals are approximately 50% better off in real terms. Professionals from Canada, Australia and other commonwealth countries could earn three or four times their current salaries.
Relocation expenses, temporary accommodation and transport are also included as standard in most packages.
