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Barbados is the only English speaking country that has a legislative system older than that of the United States. It was first discovered but never claimed by the Portuguese. It is a land rich in old country charm, warm friendly people and beautiful beaches with over 3,000 hours of sunshine every year.
A small island, only 21 miles long and 14 miles wide, densely populated with an economy based on inter-island trade, sugar production and tourism. Barbados remained without nationality until 1605 when Captain Catlin and his crew landed to claim it for James I of England. It has had a measure of self-government ever since 1639, and its House of Assembly is the third oldest parliament in the Commonwealth.
Barbados became an independent Commonwealth country in 1966, and operates as a parliamentary democracy with the British Monarch as the official Head of State. The Government of Barbados has created an International Business and Financial Services Unit to develop Barbados' international financial sector, and offers a range of tax and other incentives which make it ideal as an offshore domicile. Offshore business represents a major growth area and is second to tourism in foreign exchange earnings. There are 25 offshore banks licenced to operate in Barbados and a total of 1,486 International Business Companies.
RBC Royal Bank of Canada first opened a branch in Bridgetown, Barbados, on February 16, 1911, with a staff of three, and in 1952 a sub-branch was established in the hotel district at Hastings. The main branch occupies one of the most prominent sites in Bridgetown, right next to the Houses of Parliament and National Heroes Square.
RBC Royal Bank of Canada - A full-service retail and commercial branch network, offering to domestic and international clients, products and services similar to Canadian branches. RBC Royal Bank of Canada has a Private Banking Centre in Barbados where, in addition to day-to-day transactions, clients can get assistance with individually tailored financial services such as trust, planning, trade finance, real estate and more, all with absolute confidence and confidentiality.
Royal Bank of Canada (Caribbean) Corporation - An offshore bank and a member of the Global Private Banking network serving both Private Clients and Corporate and Institutional Clients in the delivery of investment services including Investment Management, International Trust, and access to International banking services.
Royal Bank of Canada Financial Corporation - A wholly owned domestic Trust Company offering trust and administration services for both domestic and international trusts.
Royal Bank of Canada Insurance Company Ltd - Offers services to captive insurance companies, with an increasing role in off-shore insurance and re-insurance.
Today, RBC Royal Bank of Canada, in addition to the regional office for Barbados and the Eastern Caribbean Islands, operates seven branches across the island, and several RoyalTouch™ Automated Banking Machines.
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