Skip to main content

Barbados Business Expansion made easy.

eBook: Doing business in Barbados

“Barbados has been a prime location for international banking activities for years thanks to attractive tax incentives, special exemptions, guarantees on future taxation, high-quality professional services, and a reputation for being a preeminent offshore banking centre."

What’s in this guide?

Why Barbados?

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.

Who’s this guide for?

This guide is for any company or individual who is thinking about starting a business in Barbados. Our guides are written using informative and concise language so that you get immediate value without having to read a novel or 100 blogs on Google!

Tricor in Barbados

Tricor Group acquired the corporate and business services practice of Ernst & Young Caribbean in April 2007. Through the Ernst & Young Caribbean legacy firms, the practice has been instrumental in the promotion and development of Barbados as an international financial services centre from its inception and has been serving domestic clients in Barbados for over 40 years.

Our multi-disciplined team of very experienced professionals is supported by modern technology and systems, delivering high-quality, fast and efficient range of corporate and business administration services to meet your specific needs. We work very closely with our group locations and business partners, including major international accounting firms, financial, tax and legal advisers, to implement and manage solutions for our clients wishing to access the DTA and BIT network.

Market-Expansion-Cover_Market-Expansion-Guide-Barbados-(EN)-3

Market Expansion Guide