Business Travellers

Anyone who said you couldn't mix business with pleasure has never been to Barbados!
While Barbados is rightly renowned as one of the top leisure destinations in the world, it is also a great place to invest and do business.

The island has a dynamic and constantly growing international business and financial services sector. Businesses are drawn by an array of government incentives on the one hand, including low taxes subsidised factory and office space and excellent human and physical resources on the other, including a highly educated workforce and quality infrastructure.

And of course, it doesn't hurt that gorgeous white sand beaches and international-grade golf courses are never more than a half-hour away from the office!

Would you like to do business in Barbados? Read on to see if your business is one of the entities that qualify.

International Business Companies

To qualify, the company:
- Must be incorporated or registered in Barbados.
- Must be financially capable of carrying out the business
- Cannot carry on business under any other offshore incentive legislation.
- Cannot be owned by a resident of Barbados and may not trade goods or services in Barbados or the Caricom Area.

There are many benefits to establishing an IBC in Barbados. These include:
- Low taxes on income on a sliding scale with a maximum of 2.5%.
- Exemption from all withholding taxes.
- No capital gains tax or estate duty.
- Freedom from exchange control.
- An IBC can keep books and records in a foreign currency
- No consumption tax, customs duty or stamp duties on imports of equipment and machinery.
- An IBC which is solely owned by an Offshore Trust under the management of a licensed Barbados International Bank is exempt from tax if its activities are restricted to buying, holding or managing securities.