The island benefits from a long tradition of political and social stability, a highly-skilled and productive workforce, sophisticated international telecommunication services, and robust regulatory infrastructure.
Reasons to set up an offshore entity in Barbados:
Favourable tax structure: Barbados has a very favourable tax structure, including Tax at the rate of .25% (on profits over US$15 million), up to 2.5% (profits up to US$5 million); no direct tax or capital gains; no withholding tax on interest, dividends, royalties or fees; no exchange control on foreign currencies; income tax concessions for employees that qualify.
Pro-business government: The Barbados government focuses heavily on improving the investment climate of Barbados and on enhancing the infrastructure to support increasing business activity. Its prudent regulatory environment meets or exceeds international best practices. Barbados has earned a very good reputation for its levels of security and integrity and enjoys positive international recognition for its regulatory systems, anti-money laundering, tax information exchange and other requirements.
Regulatory compliance: The flexibility of the Barbados Companies Law is one of the main reasons the island is a leading offshore jurisdiction. Companies that take advantage of this favourable regulatory environment enjoy numerous benefits. For example, the financial statements of companies in the international business and financial services sector are not open to inspection by the public, and tax and duty exemptions are guaranteed for 30 years.