What does BIDC mean in INVESTMENTS

The Barbados Investment Development Corporation (BIDC) is a government-owned organization that serves as an investment promotion and facilitation arm of the Government of Barbados. It works to promote and facilitate investments into Barbados by providing investors with information on local business opportunities, as well as establishing vital relationships between potential foreign investors and government agencies.

Whether you are an investor looking for a business opportunity in Barbados or another interested party, BIDC offers support throughout the entire process of getting involved. This includes issuing licenses, helping to secure permission from the government, obtaining permission to use land, and securing financing for projects.

The BIDC can assist in developing a variety of businesses including manufacturing, energy production, tourism development, agricultural development, technology services and financial services.

In order to ensure responsible investments that support sustainable development in Barbados, the BIDC follows both national and international regulations such as Environmental Impact Assessments (EIAs), Labor Standards Certification (LSC), Good Manufacturing Practices (GMPs) and good corporate governance principles such as anti-corruption laws and human rights requirements.

Yes! Through its various incentive programs such as Foreign Investment Incentives Program (FIIP) or Qualifying Enterprise Incentive Program (QEIP), BIDC provides tax exemptions on income received from investments that meet certain criteria set forth by these programs.

To apply for a loan through BIDC you will need to fill out an online application form which can be found on their website. Once all relevant information has been submitted it takes up to four weeks for your application to be reviewed and processed before funds become available if approved.

If your project requires additional resources such as expertise or capital then there are other programs offered by the BIDC specifically designed to provide customized assistance including Venture Capital Agreements & Support Services Agreements (VCAS). Additionally, you may also contact them directly for more information about how they could help with specialized projects.

Generally speaking no; however depending on your particular situation there may be restrictions imposed upon access or limit how much funding you are eligible for. In this case please contact one of their professional staff members directly discuss further details regarding eligibility criteria.