Barbados virtual phone numbers

In Barbados, telemarketing regulations focus on protecting consumers from unwanted calls while ensuring businesses comply with legal standards.

• Telemarketers must not call numbers registered on the national Do Not Call (DNC) list, which is part of the U.S. Federal Trade Commission's (FTC) guidelines but also applicable in Barbados due to international cooperation (Source: Federal Trade Commission)
• Telemarketers are required to disclose their identity and the purpose of the call at the beginning of the conversation (Source: Federal Trade Commission)

These regulations emphasize the need for telemarketers to respect consumer privacy and adhere to international standards when operating in Barbados.

Barbados' economy is positioned for continued expansion in 2024, fueled by the strength of key industries.

• Tourism: Tourism remains the backbone of Barbados' economy, accounting for nearly 50% of GDP. Major events like the ICC T20 World Cup and improved air access are expected to drive increased visitor arrivals and cruise traffic.
• International Business and Financial Services: Barbados' offshore banking sector, captive insurance companies, and international businesses generate significant corporate tax revenue and employment. The country's favorable tax environment continues to attract foreign investment.
• Agriculture and Rum Production: Government initiatives are bolstering agricultural output in 2024, with support for local milk producers and a new domestic feed supplier. Barbados' renowned rum industry, led by distilleries like Mount Gay, West Indies Rum Distillery, and Foursquare, remains a significant contributor.

With ongoing investment, improved connectivity, and high-profile events, Barbados' economy is projected to grow by around 3.9% in 2024, driven by tourism, financial services, agriculture, and rum production.