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Invest Barbados Magazine
Who we are
Base Carbon Capital Partners Corp. was established in Barbados in August 2021. The company is a wholly owned subsidiary of Base Carbon Inc., a publicly listed company on the Cboe Canada Exchange under the trading symbol BCBN.
What we do!
The company allocates capital directly into carbon reduction projects across the global south and into carbon development companies. Base Carbon Inc. is dedicated to diligently evaluating each project opportunity not only for its emission reduction potential but also for the adjacent social development goals and community engagement.
Why Barbados?
Most multinational corporations interested in expansion offshore have several options of different jurisdictions available to them. Barbados, however, is uniquely characterised with a combination of intrinsic qualities that make it an ideal domicile for an international business company.
Barbados boasts a stable democratic political system of governance, an advanced social infrastructure and a functioning judicial and legislative system that is based on the rule of law. These factors provide a confident foundation upon which Base Carbon made its decision to select Barbados through which to conduct its global business.
Other considerations that make Barbados ideal are:
(1) the economic environment of the island, with • a stable currency tied to the US dollar
a robust banking system with several inter- nationally recognised banks, which undergirds a reliable corresponding banking infrastructure
and a tax regime that not only has competitive tax rates, but is also dedicated to compliance and co-operation with the watchdogs on inter- national tax policy such as the Organisation for Economic Co-operation and Development and the European Union and is a part of a comprehensive double taxation treaty network
(2) thelegislativeframeworkisinplaceforanti-money laundering and countering the financing of terrorism. The framework includes a robust information sharing mechanism that promotes transparency and accountability in our home jurisdiction; and
(3) acompetentandhighlytrainedpoolofprofessionals from which we were able to source key members of our team, both at the senior and support staff levels.
The future
Pledges to lower carbon emissions now cover 92% of GDP and 88% of emissions worldwide. However, emission reduction, capture and sequestration technologies are not yet scaled to meet these targets, creating growing demand for quality carbon credits. Base Carbon Inc. is committed through its presence in Barbados to continue providing financing solutions to the global voluntary carbon markets.
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