Posts Tagged ‘Investing in Paradise’

Investing In Caribbean Paradise Just Got Simpler With The UVI RTPark

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Dr. Gillian Marcelle, executive director of the Virgin Islands’ Specialist Economic Development Agency, the UVI RTPark, addressing VIP guests at the June 7th Investment Shocase in NYC.

Dr. Gillian Marcelle, executive director of the Virgin Islands’ Specialist Economic Development Agency, the UVI RTPark, addressing VIP guests at the June 7th Investment Showcase in NYC.

CaribPR Wire, NEW YORK, NY, Weds. June 14, 2017: There is a simpler way to invest in the Caribbean and the US Caribbean territory of the U.S. Virgin Islands.

That’s the message Dr. Gillian Marcelle, executive director of the Virgin Islands’ Specialist Economic Development Agency, the UVI RTPark, brought to potential investors, executives and members of the Caribbean Diaspora, at the agency’s VIP Investment Showcase Reception during Caribbean Week in New York on June 7th.

“We are ready to help you set up a business in the U.S.V.I. in as little as three to four months,” Dr. Marcelle told the some 60 plus VIP guests at the Showcase in the financial capital of the world. “We see the UVI RTPark as an entry point to the US and a bridge to the wider Caribbean. A company establishing in this Caribbean US territory will profit from a number of benefits, including up to 90 percent reduction in income taxes for qualifying income, as well as reductions or exemptions in other taxes. From this base, you can serve clients anywhere in the world.

Christopher Halliday, partner at Morgan, Lewis & Bockius LLP, told the audience, the RTPark will foster economic growth, not just in the USVI, but across the Caribbean.

Applying for membership to the RTPark program is simple and involves three stages: screening and pre-application; negotiation of a term sheet and a formal application procedure.

The RTPark is keen on attracting technology companies in health and medicine, energy research & system deployment, as well as marine science related products and Internet advertising and software development.

Meanwhile, Chairman of the UVI RTPark’s Board of Directors, Edward E. Thomas, lauded the agency’s first Caribbean Diaspora focused marketing efforts and reminded investors that there is no limit to the number of companies who can become clients of the program.

And President of the University of the Virgin Islands, Dr. David Hall, said that he looks forward to the ongoing public/private sector partnership between clients of the RTPark and the University as the agency continues to promote the U.S.V.I. as an impact investment hub for the Caribbean.

Interested companies can contact the RTPark at 1-340-692-4304 or by email at info@uvirtpark.net. The RTPark is also on Twitter @UVI_RTPark or on Facebook at UVI Research and Technology Park

SOURCE: UVI RTPark

MEDIA CONTACT:

Felicia J. Persaud

felicia@hardbeatcommunications.com

718-476-3616

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Caribbean Ripe With Investment Potential Says Top Investor

David Brillembourg

David Brillembourg

CaribPR Newswire, NEW YORK, NY, May 2, 2011: “

The Caribbean is, now more than ever, a unique investment opportunity!”

That’s the assessment of one top investor, who insists he lives and breathes the Caribbean. David Brillembourg, founder, chairman & chief executive officer of private equity real estate firm, Brilla Group, is adamant that the region is ripe for investment.

Brillembourg will bring this outlook to the 2011 Invest Caribbean Power Breakfast, presented by Hard Beat Communications and The Caribbean Tourism Organization, in collaboration with the Caribbean American Chamber of Industry & Commerce, and set for June 9, 2011 from 7:30 to 9:30 a.m. at the New York Marriott Marquis Hotel in New York City.

 Brillembourg is among the top speakers, who include Vice President at Goldman Sachs, W. Dave Dowrich and will feature top Caribbean ministers of government, investors and entrepreneurs and key sponsors including WSEE TV and OneCaribbean Weather.

 Brilla’s investments are focused primarily on luxury beachfront hotels and resorts in the Caribbean even as foreign direct investment in the Caribbean and Latin American region grew strongly last year, jumping from US$5.5 billion in the first semester of 2009 to US$20.8 billion in the same period of 2010 according to The Economic Commission for Latin America (ECLAC).

 China’s Ministry of Commerce alone reported that foreign direct investment in Caribbean countries by Chinese firms totaled nearly $7 billion in 2009, a more than 300 percent increase from the 2004 foreign direct investment of $1.7 billion.

 Brillembourg sees the opportunity. “The Caribbean is a unique and long-lasting investment,” he added, insisting that anyone serious about investment should get on board.

 He reiterated that the region looks solid throughout with lots of opportunities out there.

 “For example, Turks and Caicos is coming out of the crisis well. But there is more than one location to look out for; all are maturing and diversifying. This is a wonderful time to be in the Caribbean,” said the seasoned entrepreneur with more than 20 years of experience in investing also in South Florida, Mexico, Central America and Colombia. “As a result of the global financial crisis and dislocation of real estate markets, the hotel sector was seriously affected due to the lack of funds and financing available for this sector. This macroeconomic situation caused the expected supply for new luxury coastal properties in the Caribbean, which were at different development or building stages, to rapidly drop (approximately 72%).”

Sponsors of Invest Caribbean 2011 include silver sponsor, WSEE TV and OneCaribbeanWeather.com; the PR Newswire, CaribPR Wire, The Bahamas Weekly, and News Americas Now.

For additional sponsorship opportunities and breakfast tickets log on to: http://investcaribbeannow.com/ or call 646-820-5694.

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Countdown Begins To Invest Caribbean Power Forum

Carib PR Newswire, NEW YORK, NY, April 29, 2011: The countdown has begun to the inaugural Investing in Paradise power breakfast, set for June 9, 2011 in New York City. The Invest Caribbean forum, presented by Hard Beat Communications and The Caribbean Tourism Organization, in collaboration with the Caribbean American Chamber of Industry & Commerce, is set for the New York Marriott Marquis from 7:30 to 9:30 a.m.

The son of Barbadian migrants and vice president at Goldman Sachs, W. Dave Dowrich, will deliver keynote remarks at an event that will be attended by several Caribbean ministers of government, directors of tourism, investors and entrepreneurs.

 “Investing in the Caribbean is really an excellent choice for an emerging market investor given its tax incentives, established tourist market, available land and year round amazing weather and beauty,” commented Hard Beat’s CEO Felicia Persaud. “This event is also perfect for those persons seeking investment information or looking for investors as well as for Self Invested Personal Pension investors who do not feel they are getting enough out of their pension plan, and would prefer to manage their own fund, switching their investments as they see fit,” added Persaud. Seats are going fast. To reserve your space register now at: www.investcaribbeannow.com.

Sponsors to date include the PR Newswire, CaribPR Wire, The Bahamas Weekly, and News Americas Now.

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Son Of Barbados Migrants To Address Invest Caribbean Forum

Carib PR Newswire, NEW YORK, NY, April 22, 2011: An investment banker at full-service global investment banking and securities firm Goldman Sachs, born to Barbadian parents in Toronto, Canada, is set to deliver the key note address at the 2011 Invest Caribbean Power Breakfast this June in New York City.  

Wendell Dave Dowrich, Vice President of Risk and Capital Markets in the Financial Institutions Group at Goldman Sachs, will address Caribbean ministers of tourism and delegates of the June 9th event, set for 7:30 to 9:30 a.m. at the New York Marriott Marquis in NYC.

The event, part of Caribbean Week in New York, is being presented by the Caribbean Tourism Organization and digital media solutions firm, Hard Beat Communications, Inc., in collaboration with the Caribbean American Chamber of Commerce and Industry.

Dowrich, whose responsibilities at Goldman include providing risk management advice to insurance companies, with specific focus on capital markets reinsurance, will speak on the prospects for international investment in the Caribbean region.

Before Goldman, Dowrich worked at Credit Suisse and prior to that appointment, was the Head of Corporate Planning & Analysis for Swiss Re’s life reinsurance business for North America, where he was responsible for performance measurement, performance enhancement, capital management and management reporting for the North American operations.

 He began his career in employee benefits consulting in Toronto, Canada before relocating to Barbados to become a member of the management team of the Barbados reinsurance operations of a Canadian insurance company.

Dowrich attended primary and secondary school in Barbados and holds an Honors Bachelor of Science degree from University of Toronto, Canada, with majors in Actuarial Science and Applied Statistics, as well as an MBA with a major in Finance, from Wharton School, University of Pennsylvania.  He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.

David Brillembourg, founder, chairman and chief executive officer of the Brilla Group, a private equity real estate firm focused exclusively on acquiring luxury beachfront hotel and resort assets in South Florida, the Caribbean, Mexico, Central America and Colombia, will also speak at the event that is set to feature top Caribbean Tourism Organization officials, government ministers and directors, New York City elected officials and investors, lenders and entrepreneurs.

“For the very first time in the history of the Caribbean Tourism Organization’s Caribbean Week in New York, an investment component has been added and we’re very proud to be working with the CTO to make this happen,” said Hard Beat Communications CEO, Felicia Persaud. “This event is a must attend for interested in investing in ‘Paradise’ or for those seeking to learn of the opportunities there.”

Sponsors to date include the PR Newswire, CaribPR Wire, The Bahamas Weekly, and News Americas Now.

For additional sponsorship opportunities or breakfast tickets call 646-820-5694 or log on to: http://investcaribbeannow.com/.

ABOUT THE CTO

The Caribbean Tourism Organization exists to increase significantly the inclusion of the Caribbean region in the set of destinations being considered by travelers. The CTO, with headquarters in Barbados, comprises 32 member countries, including English, French, Spanish and Dutch countries and territories, as well as private sector allied members. Every year, the CTO presents “Caribbean Week In New York,” which Caribbean Week in New York is a celebration of the sights, sounds, colors, culture and unique vacation attributes of the Caribbean.

ABOUT HARD BEAT COMMUNICATIONS

Hard Beat Communications brands itself as a Digital Media Solutions Company. The company does this through its PR Wire and Digital Content Creation and Dissemination and syndicated digital newswire – New Americas Now, formerly CaribWorldNews, its Media Buying and Event Promotions arm and its New Media Solutions department.
 

ABOUT THE CARIBBEAN AMERICAN CHAMBER OF COMMERCE & INDUSTRY

The Caribbean American Chamber of Commerce and Industry, Inc. (CACCI), founded in August 1985, is a statewide membership organization, which has developed expertise in providing business assistance to small and start-up business owners, in areas of business planning, financing, procurement, certification, expansion, and export/import opportunities.

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