Small Business Resources, Business Advice and Forms from AllBusiness.com

Offshore oasis: Lisa Atkins basks in the development of Barbados.

By Drakes, Sean
Publication: Black Enterprise
Date: Saturday, March 1 2008

[ILLUSTRATIONS OMITTED]

IT TOOK LISA R. ATKINS 15 YEARS TO AGREE TO HER husband's proposal to move their family to his homeland of Barbados. She finally consented in 2005 and, pregnant with her fourth child, moved with her husband and three children, eventually taking a job as a sales

consultant for developers Cinnamon 88 (www.cinnamon88.com). Atkins, 40, and originally from Philadelphia, manages a property portfolio that now includes The Four Seasons--36 luxury private residences (priced at $5 million to $20 million) on the Caribbean island's "Platinum Coast:' A member of the Commonwealth and governed by a British-style parliamentary democracy, Barbados has 280,946 residents, a stable currency exchange rate at $1=BDS$2, and direct air routes from Atlanta, Miami, New York, and Charlotte, North Carolina.

Sugar is the island's principal agricultural product, generating about $40 million every year, but it's tourism that drives the economy: Barbados raked in more than $1 billion from visitors in 2007.

Government-supported tax holidays, duty-free import exemptions, and a maximum tax rate of 2.5% have attracted about 5,000 offshore companies. Barbados exports electronic components, rum, and a growing crop of chart-topping Bajan recording talents such as Rihanna.

Expats gravitate to careers in banking and finance, real estate, insurance, construction, and hospitality. CitiGroup, Ernst & Young, KPMG, and PricewaterhouseCoopers are among the global corporations that have a presence in Barbados. The low tax rates and double-taxation agreements, as well as having one of the Caribbean's three stock exchanges, aids Barbados' ambition to be recognized as the financial capital of the region.

A golf destination in the making, Barbados hosted Tiger Woods' wedding and later a PGA World Golf Championships in 2006. The island boasts two courses designed by architect Tom Fazio, a supreme par-three golf experience at The Royal Westmoreland (www.royalwestmoreland.com), and the links-style Barbados Golf Club (www.barbadosgolfclub.com), The Barbadian sports calendar includes a polo open, cricket tournaments, The Waterman Festival for surfers and the Sandy Lane Gold Cup--a thoroughbred horse race. Check out www.visitbarbados.org for a list of events.

Capital: BRIDGETOWN

ACCOMODATIONS

* Little Arches (246-420-4689, www.littlearches.com) has a fantastic rooftop restaurant--Cafe Luna--for a fresco dining under the stars and excellent sushi," according to Atkins. The hotel is near the Barbados Golf Club and has a 44-foot luxury yacht for its guests.

* Atkins recommends Hilton Barbados (246-426-0200, www.hiltoncaribbean.com/barbados) for business travelers. "There are many restaurants right there; every major conference that comes through here is hosted at the Hilton."

1 Tamarind Cove (246-432-1332, www.tamarindcovehotel.com) boasts a Platinum Coast location with price points from $571 to $945. This lush, family-friendly hotel is also near the island's finest restaurant, The Cliff (246-432-1922, www.thecliffbarbados.com).

RESTAURANTS

Barbados is the only Caribbean country with Zagat-rated restaurantts. The faultless service, white Peking duckling, and decadent Perfect Storm dessert at The Restaurant at Southsea (246-420-7423, www.therestaurantatsouthsea.com) are all a part of the fine dining experience.

2 For a girlfriends' night out, Atkins recommends AQUA Restaurant & Lounge (246-420-2995, www.aquabarbados.com) because it's "very trendy, right on the water, and a little bit more upscale with fancier appetizers." And Scarlet (246-432-3663) "is a tiny, chic red house that is vibrant [and artsy]." Bajan-influenced tapas are the specialty, but the focus is on an inventive cocktail menu with tasty ibations such as Scarlet ROCKS.

* Zen Restaurant at The Crane (246-423-6220, www.thecrane.com) rests on a cliff side and offers a spectacular coasta vista. "It's off the beaten oath," with booths, a traditional Japanese tatami room, and staff dressed as geisha girls.

ENTERTAINMENT

3 "My husband and I go dancing on Thursdays at The Ship Inn (246-420-7447 www.shipinnbarbados.com). They usually have a live band. Harbour Lights (246-436-7225, www.harbourlightsbarbados.com) tends to be a younger crowd. When we want to pretend to be young we hang out there." St. Lawrence Gap, a bustling strip that hugs the South Coast, offers an array of quaint eateries, sidewalk vendors, and chic lounges such as Pravda (246-427-1557). For an all-inclusive experience, The Plantation (246-4285048, www.theplantation.bb) serves up Bajan Roots & Rhythms ($85 for dinner and a show). Budget three hours for the hearty traditional meat and performances.

In addition, make sure to read these articles:

  • BARBADOS FIRM WINS SEA DEFENSE CONTRACT.
  • Edghill & Associates, a Barbados company, has landed a US$6.29 million contract for sea defense work in the south of Dominica, reports CANA (June 10, ......
  • British man detained in Barbados with marijuana.
  • AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD A British man was arrested at Barbados' international airport on Thursday (9 October) for attempting to smuggle 11 kilograms ......
  • GRACE, KENNEDY SEEKS LISTING ON BARBADOS EXCHANGE.
  • Buoyed by continuing profitability and a positive response to its listings on the Trinidad & Tobago stock exchange six months ago, the Jamaican conglomerate Grace, ......
  • Cuba-Barbados charter flight.
  • Cuban airline Aerocaribbean offered an Aug. 20 chartered flight between Barbados and Cuba, said Barbados-based spokeswoman Margarita de Rodriguez. "If the route is successful, Aerocaribbean ......
  • LIAT TO SET UP HUB IN BARBADOS.
  • The regional airline LIAT (1974) Ltd. plans to return to Barbados to establish its largest operational hub in the Caribbean as early as May 1, ......
  • BARBADOS MUTUAL TAKES OVER ISLAND LIFE.
  • The 160-year-old Barbados Mutual Insurance Co. has formally taken control of the failed Island Life Insurance Co. of Jamaica, reports CANA (November 25, 1999). Barbados ......
  • Two men found smuggling cocaine at Barbados airport.
  • AIRLINE INDUSTRY INFORMATION-(C)1997-2003 M2 COMMUNICATIONS LTD Judges in Barbados have sentenced two men to four years imprisonment each for smuggling cocaine in separate incidents. On ......
  • Barbados joins tax haven effort ahead of deadline
  • Barbados will not appear on a forthcoming OECD list of unco-operative tax havens, after discussions with the OECD showed that Barbados has transparent tax and ......
  • USAID OFFICE REOPENS IN BARBADOS.
  • A satellite branch of the U.S. Agency for International Development (USAID)-Jamaica recently opened in the U.S. Embassy in Bridgetown, Barbados, reports CANA (January 26, 2001)....
  • Barbados Conference Facility Undergoes Major Upgrade
  • Barbados — The Sherbourne Conference Centre on this easternmost Caribbean island has introduced new facilities and services to aid corporate meeting and incentive planners.
  • A.M. Best Affirms Ratings of TD Reinsurance (Barbados) Inc.
  • OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a" of TD Reinsurance (Barbados) ......
  • NEW YORK-BARBADOS CONCORDE SERVICE.
  • British Airways in February will operate a Concorde service from New York to Barbados, reports The Daily Nation (November 24, 1998). The service, which will ......
  • bmi extends fare sale for Barbados and Antigua.
  • AIRLINE INDUSTRY INFORMATION-(C)1997-2007 M2 COMMUNICATIONS LTD UK-based low-cost airline bmi has extended its fare sale on flights from Barbados and Antigua to Manchester, England and ......
  • Man charged with smuggling cocaine in Barbados.
  • AIRLINE INDUSTRY INFORMATION-(C)1997-2004 M2 COMMUNICATIONS LTD A Dutch man has been charged by a magistrate in Barbados with attempting to smuggle 1.35kg of cocaine worth ......
  • BARBADOS JOBLESS RATE AT RECORD LOW.
  • The unemployment rate in Barbados for the third quarter, July to September 1999, stood at 10.2%, down from the 1998 corresponding figure of 11.8%, reports ......