The American University of Barbados (AUB) has purchased the BET
building in Wildey, St. Michael, and will soon be expanding its
Education Minister, Ronald Jones, briefing the media on the
progress of the AUB here and their recent acquisition of the
property said recently at the Elsie Payne Complex: "We thought
that we would share good news...as you know the American University
of Barbados is just five years old; [it] started in Wildey in one
of the smaller spaces, and has gone from there to be located at
Landsdown, Silver Sands."
He added: "We have walked with the AUB.... It was the first
external medical institution to be established in Barbados, and so
we have walked with them and they have in fact responded quite
well, both in the expansion of numbers and in the quality of their
programmes, and in the recruitment of both domestic and foreign
medical tutors, professors and lecturers, and that has augured well
for the interest being generated now across many spaces of the
He explained that with the most recent recognition of Barbados
as a centre where American students could get federal loans and
grants, any medical institution in Barbados would be able to
benefit from those students coming to them.
"So, that too was and is a signal honour. Cave Hill
was a beneficiary of that as well, and AUB, once they are able to
maintain this very high standard would also be a beneficiary of
that. It is conferred upon a country and not just an
individual or an entity. So, that is important," Mr. Jones
It was further noted that several students were now off island
training in their clinicals and rotations, and very soon Barbados
would have its first set of graduates from the AUB.
Minister in the Prime Minister's Office, Senator Darcy Boyce,
reflected on the many hours spent trying to determine how Barbados
could recapture and improve the position the island once had in the
Caribbean as a place for regional education, educational tourism
and a significant earner of foreign exchange and a creator of
He expressed pleasure at the fact that the recent purchase was
orchestrated in a timely fashion, and said: "This transaction
is very important to us because of the significant growth that it
represents...because it cements our relationship with a major
country [India] in the world, ... a country which is going to be
much more significant in the scheme of world affairs."
Principal of the AUB, Meesam Ali Khan, in thanking the Ministers,
said by investing in the newly acquired property, they were
assuring Barbadians that AUB would be here for a long time.
Adapted from the Barbados Government Information
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Confidentiality of corporate documents and information is one of
the key attractions of incorporating a company in the BVI. A
company search of the BVI Registrar of Corporate Affairs will only
disclose certain information and documents.
The Panamanian Law 52 of October 27, 2016 (the "Law"), which relates to accounting records and the annual franchise tax of Panamanian entities (corporations and foundations), came into effect on 1 January 2017.
It is now possible to incorporate a company with €1 equity and with reduced costs and fees! Since 16 January 2017, the Law of 23 July 2016 (reforming of the Law of 10 August 1915) is applicable in Grand Duchy of Luxembourg.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).