Barbados comes to Edinburgh to woo Scottish investors
IT is an eastern Caribbean island nation that has hosted a Celtic music festival since the 1990s and even has its own official tartan in blue, yellow and black, with a broken trident marking the country’s separation from the UK.
Now Barbados is coming to Edinburgh for a diplomatic and trade event to showcase the opportunities on the island paradise.
It will be held at the Norton House Hotel in Ingliston on Tuesday evening, hosted by Invest Barbados, the economic development agency of the Government of Barbados and Business Friends of Barbados (Scotland).
Speakers will include the Barbados High Commissioner to the UK, Milton Innis, Kaye-Anne Brathwaite, CEO of Invest Barbados, and the Chairman of Business Friends of Barbados, Ian Gittens.
READ MORE: Barbados just received official tartan – to mark independence
Barbados has the ambition to become a “digitally empowered nation” and is on track to achieve the goal of 100% renewable energy production by 2030, with a goal of carbon neutrality.
Investment opportunities include niche manufacturing, the world bank, information and computer technology (ICT), food and beverage, renewable energy, and medical tourism, among others.
The event comes after the announcement of Scotland’s only direct route to the Caribbean, with Virgin Atlantic launching a connection from Edinburgh to Bridgetown on December 5.
It is also a precursor of a trade mission to the island from Scotland, from November 22 to 27, the first in-person mission to Barbados since the start of the pandemic.
Bajan’s innovative and successful Welcome Stamp, introduced at the start of the health crisis, is a topic of discussion, allowing visitors to stay and work remotely on the island without changing their tax residence.
Barbados has historical ties to Scotland, with heavy Scottish immigration and its own Scottish district on its east coast, in the parish of Saint Andrew.
Since the 1990s, the island has hosted an annual Celtic festival every spring – if Covid allows.
“Scotland has long and well established links with Barbados and will become even more connected with the start of direct flights from Edinburgh in December,” Brathwaite said.
“Barbados remains an incredibly desirable place to do business and is a stable political and economic jurisdiction. Our welcoming investment climate complements the enviable quality of life we offer.
“Our new welcome stamp has also proven popular around the world, allowing individuals to stay and work remotely on the island without changing their tax residence.
“Barbados is a long established hub for global trade and you are welcome to expand your business here.”