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We both joined AIESEC in October 2009 as freshman students. Our very first memories include being
after local induction conference totally amazed that the organization we just had joined is present in
109 countries all over the world, imagining how many opportunities it’s offering to us through its wide
global network and just hearing stories from internships, international conferences or even MCs abroad
made us excited.
After one and half year later, while becoming part of EB team together, there was a switch in our
perception of AIESEC as an organization. Being the generation which experienced continuous growth of
our LC, AIESEC Prague, made us realized that it’s not about what AIESEC can bring to us, but mainly
what opportunities is the organization able to offer to the society and people around us through our
active work as its members. And this big realization has been our fuel for past 2 years in which we not
only lead our LC but later on also whole AIESEC in the Czech Republic, which for past year has expanded
its reach by initiating two new LCs and creating three specialized units. Seeing the processes, the tough
work but also the excitement and joy behind establishing new unit made us think out of the borders of
Czech Republic and imagining what it would be like to offer this whole new world of experiences and
maybe also new perceptions to people across the globe and so support them in their quest to develop
their society, economy and so forth their whole country.
Barbados is as a country already trying to help its people and communities by investing to its young
people. Therefore we strongly believe that AIESEC as global platform bringing up young leaders is one of
the best tools to empower Bajan youth and so the local community.
Capital & largest cities: Bridgetown (98,500) Official language: English
Barbados functions as a constitutional monarchy and parliamentary democracy with Elizabeth II,
Queen of Barbados, as head of state, represented locally by the Governor-General and the Prime
Minister as head of the government.
There are two major and long-standing parties in Barbados since 1955: the Barbados Labor Party (BLP)
and the Democratic Labor Party (DLP). Both main parties are fundamentally committed to democracy,
the rule of law and a free-market economy as the basis of political stability, social and economic
prosperity. Currently governing party is DLP elected in February’s election.
The major political problems facing Barbados today are in promoting economic growth: creating jobs,
encouraging agricultural diversification, attracting small industry, and promoting tourism.
Barbados was first occupied by the British in 1627 and remained a British colony until internal autonomy
was granted in 1961. The Island gained full independence in 1966, and maintains ties to the Britain
monarch represented in Barbados by the Governor General.
Executive power is vested in the Barbadian monarch, and is exercised by his or her vice-regal
representative, on the advice of the Prime Minister and Cabinet. The judiciary of Barbados is
independent of the executive and the legislature. Jurisprudence is based on English common law.
Czech Ministry of foreign affairs evaluates Barbados as relatively safe country. Crime is characterized
primarily by small thefts and street crime. Incidents of violent crime, including rape, do occur. Visitors
should be especially vigilant on the beaches at night.
2012 2011 2012
GDP $7.091 billion $7.042 billion $7.002 billion
Growth rate 0.7% 0.6% 0.2%
GDP per capita $25,500 $25,400 $25,300
288,725 (July 2013 est.)
Population growth rate 0.34% (2013 est.)
Overall Barbados is ranked 124 out of 282 places as an expensive location to live. Price comparison with
USA is used below.
Consumer Prices in Barbados are 16.84% higher than in United States
Consumer Prices including Rent in Barbados are 4.11% higher than in United States
Rent Prices in Barbados are 25.58% lower than in United States
Restaurant Prices in Barbados are 2.72% higher than in United States
Groceries Prices in Barbados are 3.63% lower than in United States
Local Purchasing Power in Barbados is 46.99% lower than in United States
In general, living in Barbados is quite expansive especially in terms of every day groceries (rum is
cheaper than cheese) and rent. Mobile and telecommunication is cheaper than for example in Germany,
cost of transportation is for monthly ticket 30 USD, restaurants are also quite expensive, mainly because
of very developed tourism.
However, median monthly Disposable Salary (After Tax) of Bajans is around 3,500.00 BDS
(1,750.00 USD) while some foreign residence claim as their monthly cost of living over 3,000 USD.
Barbados 0.825(2012) global ranking 38th
Latin America and the Caribbean 0.741 (2012)
World 0.694 (2012)
Originally settled by the Arawak Indians, Western civilization credits a Portuguese explorer for the
discovery of the island in 1536. It was the Portuguese who named the island "Los Barbados" after the
ficus tree that grew there in great abundance. The British later settled Barbados in 1627.
From the arrival of the first English settlers in 1627–1628 until independence in 1966, Barbados was
under uninterrupted English and later British governance and was the only Caribbean island that did not
change hands during the colonial period. In the very early years, the majority of the population was
white and male. The current population is descended from African slaves who were brought to the
country by the British to work on the sugar plantations. Cultivation of tobacco, cotton, ginger and indigo
was handled primarily by European indentured labour until the start of the sugar cane industry in the
1640s. As Barbados' economy grew, Barbados developed a large measure of local autonomy through its
founding as a proprietary colony. Between 1946 and 1980, Barbados' rate of population growth was
diminished by one-third because of emigration to Britain.
University student population in Barbados is around 13.000 students divided among University of the
West Indies Cave Hill and Barbados Community College.
University of the West Indies Cave Hill (UWI)
The University of the West Indies is a public university system serving 18 English-speaking countries
and territories in the Caribbean. The aim of the university is to help "unlock the potential for economic
and cultural growth" in the West Indies, thus allowing for improved regional autonomy. The University
was originally instituted as an independent external college of the University of London.
Faculty of Humanities and Education
This faculty offers a wide range of courses and programmes in Psychology, Philosophy, Modern
Languages (Spanish, French, Portuguese and Chinese), Cultural Studies, English Literature, Linguistics,
Theatre Arts, and Education for undergraduate and graduate students.
Faculty of Law
Primary objective is to provide an academic qualification which is a compulsory to professional legal
training for lawyers in the Commonwealth Caribbean. The Faculty of Law offers both an undergraduate
and a postgraduate programmes.
Faculty of Medical Science
The curriculum is designed to train regional as well as international students in the basic and clinical
medical sciences. Faculty offers undergraduate and graduate programmes.
Faculty of Pure and applied Science
Faculty focuses on areas of the Biological Sciences, Chemistry, Electronics, Environmental Studies,
Computer Science, Mathematics, Meteorology and Physics.
Faculty of Social Science
The biggest out of all the faculties also offers both programmes through following departments of
Economics; Government Sociology & Social Work and Management Studies.
Student enrollment in 2012/2013:
Faculty Number of students
Humanities and Education 1193
Medical Sciences 384
Pure and applied Sciences 1250
Social Science 5263
Barbados Community College (BCC)
Founded in 1968, the Barbados Community College came to be as a result of an Act of Parliament aimed
at making post-secondary education more accessible to the Barbadian public. The college offers a range
of courses and programs of study in which young people can gain Bachelor’s degrees, Associate's
degrees, Diplomas and Certificates. For school year 2012/2013 4.400 students were enrolled.
Programmes of study: commerce, fine arts, general and continuing education, hospitality institute,
physical education, language center, computer studies, health science, liberal arts, natural science.
Bachelor degree programmes are offered as Bachelor of Education, Bachelor of Fine Arts and Bachelor
of Science (Tourism and hospitality management)
University of the West Indies
Faculty of Social science – economy, management, business administration, marketing…
Faculty of Humanities and education – teaching, languages, cultural education
Faculty of Pure and applied science – IT, physics, chemistry, biology
Barbados Community College
Commerce- accounting, finance, marketing, business administration
Health and hospitality- tourism and hospitality management
Leadership & Professional Development
United youth leaders of Barbados - one of the most influential and well known organizations in
Barbados whose motto is "Empowering Today's Youth to creatively shape a better tomorrow."
Organization targets young people between the ages of 15-25 years to whom provides experience in 4
main projects focused on community service, education for teenagers (HIV, drugs…), healthy lifestyle
and arts/ sports.
Circle K – part of international service organization (CKI) offers members many avenues for personal
development, including the acquisition of leadership skills and enhanced appreciation for cultural
diversity. CK is present in 18 countries with 500 clubs and over 12,600 members.
Its mission is “Developing college and university students into a global network of responsible citizens
and leaders with a lifelong commitment to service.” Circle K International is sponsored leadership
organization under Kiwanis International, coeducational service club for adults founded in 1915.
Organization is present at UWI and also at BCC. Its members are active in social service as mentoring
primary school kids, visiting orphanages, environmental issues.
International Internships - none
Russia – 26,6% import
Trinidad and Tobago – 24,8 % import, 18,9 % export
USA – 18,6% import, 9,7% export, common fight against narcotics and organized crime; duty
free access to the US market for most goods
France – 10,7 % export
St. Lucia – 8,8% export
China – 6,1 % import, finalizing air services agreement
United Kingdom – 5,5 %
Canada – strong cooperative relationship in matters of state security, narco-trafficking, defense;
Canadian companies make up approx. 75 % of the international financial community in
Barbados is member country of CARICOM, Inter-american Development Bank, WTO and many others.
Economic Indicator Value
Unemployment 11,6 %
Labor force 145.000 (2011)
Inflation 3,9 %
Current account balance -345 million USD
Tourism – SMEs/ multinationals
Financial services – multinationals
Retail – multinationals, SMEs
Agriculture – SMEs
International and national NGOs
Barbados Youth Business Trust
Junior Chamber International Barbados
The Barbados Youth Development Council
Young Leaders of Barbados
Tourism Development Corporation
Chambers of Commerce
Barbados Chamber of Commerce and Industry
Eastern Caribbean American Chamber of Commerce
Am Cham Barbados
British Caribbean Chamber of Commerce
Associations & Societies
Barbados Hotel and Tourism Association
Barbados International Business Association – BIBA
Barbados Professional Women
Manufactures Consumer goods
Sugar and molasses Machinery
Other foods and beverages Construction materials
Chemicals Chemicals, fuel
Electrical components Electrical components
490 million USD 1,6 billion USD
Indicator/ sector Agriculture Industry Services
GDP 3,1 % 13,6 % 83,3 %
Labor force 10 % 15 % 75 %
1. AIESEC in the Czech Republic and other AIESEC entities
National assembly of AIESEC in the Czech Republic has already agreed to support expansion to Barbados
with 6.000 USD and therefore became official country partner of this expansion. Other potential entities
for partnership could be AIESEC Canada, UK or MoC based on business activities of these countries in
2. Multinational organizations in Barbados
International companies in Barbados might be interested in AIESEC partnership in order to get access to
talented university students and youth market as such. Some of the companies especially from financial
sector which are present at Barbados are long term partners of AIESEC CR or GEP (e.g. KPMG, Deloitte,
3. Barbadian/Czech governmental funds and foundations of Czech multinational
Barbados government is annually investing over 7% of country GDP to education sector and in year
2011 National Youth Policy of Barbados was released with its mission to “empower Barbadian young
people to assert their cultural identity, generate resources, and make a unique contribution to the
emerging Caribbean civilization”. Though, we would try to gain some funding from Barbarian
Also, applying for Czech/EU governmental grants and foundations of Czech multinational companies as
Telefónica or Vodafone, who are supporting cultural projects and have been cooperating with AIESEC
lately, is another way of gaining financial support for our expansion.
a) Trademark registration
“An application for registration of a trade mark must be filed at the Corporate Affairs and Intellectual
Property Office, Keith Bourne Complex, Belmont Road, St. Michael.”
Price: 175 – 250 BDS
b) Visa to Barbados for Czech citizens
No entry visa are necessary for citizens of Czech Republic (based on EU and Barbados agreement)
staying in a country up to 3 months.
During this 3 months (and even while getting ready for departure to Barbados), both of us will be
searching for part time employment at one of the possible partnership companies in order not only to
cover living costs but also gain short term work permit up to 11 months.
c) Registration as a legal entity
No. Procedure Time to
Submit Request for Name Search and
Name Reservation form to the Corporate
Affairs and Intellectual Property office to
reserve company name
2 days BDS 30 (15
Draft articles of association 2 days BDS 1500
Submit application for business
1 – 2 weeks Included in
Pay the registration fees 1 day BDS 750
Register with the Inland Revenue
Department for income tax payment
2 days No charge
Register with the VAT division of the
Customs and Excise Department
2 days No charge
Register with the National Insurance
1 day No charge
Make company seal 1 day BDS 60