Market Research in the Caribbean

Market Research and Strategy Consulting in the Caribbean

The Caribbean is synonymous with natural beauty and vibrant culture.

This beautiful region is also business-friendly. Most of the countries have trained and educated workforces and reliable infrastructure. It is a region characterized by stable democracies. The Caribbean has a large population of English speakers. Some of the territories are also French, Dutch, and Spanish-speaking.

Caribbean countries

  • Antigua and Barbuda
  • Anguilla (UK)
  • The Bahamas
  • Belize
  • Barbados
  • British Virgin Islands (UK)
  • Cuba
  • Cayman Islands (UK)
  • The Dominican Republic
  • Dominica
  • Guadeloupe (France)
  • Grenada
  • Guyana
  • Jamaica
  • Haiti
  • Montserrat
  • Martinique (France)
  • Netherland Antilles (including Aruba, Bonaire, and Curacao)
  • Puerto Rico (US)
  • Suriname
  • St. Kitts & Nevis
  • St. Barthelemy (France)
  • St. Martin (France)
  • Sint Maarten (Netherlands)
  • Saint Lucia
  • St. Vincent & the Grenadines
  • Turks & Caicos Islands (UK)
  • Trinidad and Tobago
  • US Virgin Islands (US)

Top benefits of doing business in the Caribbean

1.  Cheap labor

The high unemployment rate in this region means that you will get cheap labor. As a result, your operating costs will be lower. Many businesses in the Caribbean produce for the US market. This situation leaves domestic markets underserved. A small business can reap benefits from the regional markets, provided it is in the right niche. All Caribbean countries have a regular need for various construction materials, and there is also an attractive market for refrigeration and cooling units. Other high-demand areas include software and computer, diagnostic, and medical equipment.

2.  Tourism

Tourism is growing in the Caribbean. The infrastructure in this region is excellent, even in the more impoverished territories. This tourist destination is the perfect setting for investors intending to build hotels. The Caribbean attracts millions of tourists yearly with its beautiful scenery, rich culture, breathtaking attractions and accommodations, and warm populace.

3. Lifestyle

Doing business in the Caribbean has many benefits. One that potential investors often overlook is the lifestyle. The Caribbean is a beautiful location with magnificent beaches. Its annual temperatures range from 74F to 81F, with gentle sea breezes. There are lots of luxury real estate business deals from which to choose.

4.  Great location

Moving to the Caribbean for business has a competitive geographical edge. It has a strategic location. Even territories in the south such as Grenada and Trinidad are a mere five-hour flight away from the US.

Opportunities and Challenges

There are many investment and business opportunities in the Caribbean. Each has unique benefits. Nonetheless, moving to this region is no guarantee for success. You must ensure you have the right niche in any chosen country. It means carrying out qualitative, quantitative, and strategy research for each location. It’s the best way to find out the advantages as well as shortcomings of setting up shop. Your analysis must give you extensive knowledge about the business environment. For example, you need to know about the cost of transportation and banking systems. Such knowledge makes it easier to project your profit margins.

Unfortunately, the Caribbean is vulnerable to hurricanes. An example is Hurricane Dorian, which devastated the Bahamas in 2019. Dorian hovered over the Bahamas for almost two days. This deadly system created a massive storm surge. It flooded the islands of Abaco and Grand Bahama, leaving hundreds dead in its wake. If you’re interested in investing in the Caribbean, it’s essential to factor in the risk of these superstorms.

There is poverty in the Caribbean. However, the levels continue to decrease as the economy progresses. Determining where the economy stands is essential. You also need to know about the ease of setting up a business. Market research will enable you to compare the Caribbean with other economies.

About Market Research in the Caribbean

SIS International Research can give you the Quantitative and Qualitative data you need. We can tell you the time, procedures, and cost of starting up and operating a business in the Caribbean. Qualitative Research methods include Focus Groups, Customer Interviews and Online Communities.  Quantitative Research methods include Mobile, App and Telephone surveys.  Strategy Research consists of Market Opportunity & Entry Research, Competitive Analysis and Go-To-Market Strategy. 

Market Research in the Caribbean

Caribbean Management Consulting Company

Caribbean Management Consulting Company

A Caribbean Management Consulting Company offers tailored strategy, operations, technology, and digital guidance to help regional businesses.
Caribbean Market Research Company

Caribbean Market Research Company

A Caribbean Market Research Company assists businesses in comprehending their unique and intricate target markets for future expansion.
Caribbean Strategy Consulting Company

Caribbean Strategy Consulting Company

A Caribbean strategy consulting company offers guidance to global businesses using local expertise and global strategic thinking.
Market Research in Anguilla

Market Research in Anguilla

Anguilla is one of the most attractive locations to start a company. SIS International offers an in-depth guide to Market research.
Market Research in Antigua & Barbuda

Market Research in Antigua & Barbuda

Antigua and Barbuda is one of the richest countries in the Eastern Caribbean. Further, it has plenty of thriving industries that are perfect for new business.
Market Research in Barbados

Market Research in Barbados

Market Research in Barbados Barbados is a Caribbean island nation, lying North-East of Trinidad and Tobago and east of St. Vincent and the Grenadines. This small country is very well developed compared to the neighboring islands. To add to that,...
Market Research in Dominica

Market Research in Dominica

Market Research in Dominica The Commonwealth of Dominica, located in the Caribbean, is a small island nation. Key Industries Agriculture is the primary sector on the island, and it adds the most to the GDP of the country. Many residents engage...
Market Research in Grenada

Market Research in Grenada

Grenada has a small, open, tourism-based economy. Its main exports are nutmeg, mace, and cacao. In fact, it is the second-largest exporter of nutmeg in the world.
Market Research in Guadeloupe

Market Research in Guadeloupe

Market research is easy with SIS. Our high-quality research and data testing provide insights into how you can make these islands work for you.
Market Research In Haiti

Market Research In Haiti

Market Research In Haiti Haiti is a nation in the Caribbean located on a large island called Hispaniola. It occupies the western third of the island, with the Dominican Republic located on the eastern side. It is the third-largest country in the...
Market Research in Jamaica

Market Research in Jamaica

Market Research in Jamaica Jamaica is the third-largest Caribbean island and the region’s largest English-speaking island. It is about 285 miles north of the Central American continent. Haiti, to the east, and Cuba, to the north, are near neighbors. J...
Market Research in Martinique

Market Research in Martinique

SIS International offers research services for the island of Martinique. These services include: Qualitative Research, Quantitative Research
Market Research in Montserrat

Market Research in Montserrat

SIS International offers Qualitative and Quantitative data. This data is a boon for companies wishing to invest in Montserrat.
Market Research in Saint Lucia

Market Research in Saint Lucia

St. Lucia has many strengths, making it an ideal place to invest. SIS International offers leading Market Research on trends in Saint Lucia.
Market Research in Sint Maarten

Market Research in Sint Maarten

Sint Maarten has a robust tourism-based economy. SIS International has offered market research services for several years.
Market Research in St. Barthelemy

Market Research in St. Barthelemy

SIS is where the best in market research exchange ideas. Read our Qualitative and Quantitative Market Research articles and other tools.
Market Research in St. Kitts & Nevis

Market Research in St. Kitts & Nevis

SIS is a top market research company providing insights into the investing climate in Saint Kitts and Nevis.
Market Research in St. Martin

Market Research in St. Martin

St. Martin’s tropical location attracts many visitors. SIS provides market research insights on consumer lifestyles and trends in St. Martin.
Market Research in St. Vincent and the Grenadines

Market Research in St. Vincent and the Grenadines

Bananas, arrowroot production, and tourism are vital in St. Vincent and the Grenadines. SIS International provides in-depth market research.
Market Research in The Bahamas

Market Research in The Bahamas

Our company can give you the data you need to set up shop in these islands. Qualitative Research methods include Interviews, Focus Groups, and UX Market Research.
Market Research in the British Virgin Islands

Market Research in the British Virgin Islands

SIS provides Qualitative, Quantitative, and Strategy Research for industry and consumer products in the BVI.
Market Research in the Cayman Islands

Market Research in the Cayman Islands

SIS Research can give you the Qualitative research coupled with the Quantitative data you need for running a Cayman Islands business.
Market Research in the Dutch Caribbean

Market Research in the Dutch Caribbean

SIS offers Quantitative, Qualitative, UX, Strategy, and Market Entry Research to companies in the Dutch Caribbean.
Market Research in the Turks and Caicos Islands

Market Research in the Turks and Caicos Islands

The Turks and Caicos islands supply food processing, agro-industries, and mariculture. SIS International provides vital market research.
Market Research in the US Virgin Islands

Market Research in the US Virgin Islands

SIS offers accurate and speedy market research with expert moderators and a huge, diverse database of study candidates.
Market Research in Trinidad and Tobago

Market Research in Trinidad and Tobago

Trinidad and Tobago supplies huge oil and gas reserves and a large sovereign wealth fund. SIS International offers in-depth Market Research.