Business Travellers

International Trusts

Under Barbados’ International Trusts Act, non-residents may create a trust for the benefit of other non-residents. There are no minimum capital requirements and they can be either fixed interest or discretionary. International Trusts are taxed at a maximum of 50% on profits earned or remitted to Barbados.

To qualify, the trust:
- Must specify in the trust deed that the International Trusts Act applies.
- Must ensure that the settlor and the beneficiaries are non-residents of Barbados.
- Must ensure that the assets of the Trust do not include Barbados real estate.
- Must have at least one trustee who is a resident of Barbados.

There are several benefits to establishing a Barbados Trust. These include:
- The trust period lasts up to 100 years.
- Trusts are permitted for non-charitable purposes, as long as the purpose is specific, reasonable and capable of being fulfilled and protector is appointed to enforce said trust.
- Exemption from Barbados taxation and exchange controls.
- Rule against perpetuities does not apply.
- International Business Companies and International Banks registered in Barbados can be beneficiaries.