Barbados: Types of Company
Trusts in Barbados are governed by English common law and by the Trustees Act Cap 250 as amended, which deals with the powers of trustees. Appeal is to the Privy Council. There is no registration requirement or stamp duty; trustees can be non-resident as long as one is resident. A resident corporation acting as trustee must be licensed under the Offshore Banking Act (see Offshore Legal and Tax Regimes). Exchange controls apply to local trusts.
The Hague Convention has not been implemented; the maximum perpetuity period is 100 years.
Local (domestic) trusts are taxed as separate entities (see Domestic Corporate Taxation).