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Barbados Business, Taxation and Offshore Information

Barbados Is In The Caribbean And Caricom

Barbados is a sub-tropical island in the Caribbean; it is a member of Caricom, the Caribbean Common Market. Quite densely populated, with just over 288,000 people of mostly African descent on 430 sq km, Barbados is an independent Commonwealth member. It is politically stable; English is the official language; and the Barbadian dollar is fixed against the US dollar at 2:1. The climate is warm and humid; sea breezes compensate for high summer temperatures. GNP/head of USD25,500 (2012) at PPP is reasonable.

One-Crop Economy Has Successfully Diversified

Barbados was mostly a sugar producer but the island has diversified into tourism, manufacturing (with a host of incentives), informatics and financial services. After a bad time in the 1980s, Barbados has grown well in the 1990s, although slowing down in 1998/99. The impact of 9/11 was moderately serious, with the economy contracting slightly in 2002, but rebounding between 2003 and 2008. In the wake of the global financial crises the economy contracted by 5.3% in 2009. It has seen slight growth of 0.2%, 0.6% and 0.7% in 2010, 2011 and 2012 respectively. Unemployment had been reduced from catastrophically high levels to less than 10% but a rise to 11.2% was recorded in 2012. In the last ten years the Government has been business-friendly and economically sound. More »


Barbados Knowledge Base

Barbados: Country and Foreign Investment
A quick overview of Barbados - its history, geography, and business advantages.
Barbados Executive Summary »
Barbados Geography »
Barbados Population, Language and Culture »
Barbados Government »
Barbados Economy and Currency »
Barbados Entry and Residence »
Barbados Business Environment »
Barbados Stock Exchange (BSE) »
Barbados Import of Foreign Capital »
Barbados Investments by Foreigners »

Barbados: Types of Company
A look at various types of company in Barbados, providing options to suit different business needs.
Barbados Company Introduction »
Barbados Limited Liability Company »
Barbados Company Without Share Capital »
Barbados Mutual Insurance Company »
Barbados External Company »
Barbados International Business Company »
Barbados Foreign Sales Corporation »
Barbados General Partnership »
Barbados Limited Partnership »
Barbados Exempted Limited Partnership »
Barbados Societies with Restricted Liability »
Barbados Trusts »
Barbados International Trusts »

Barbados: Offshore Business Sectors
The key sectors of Barbados's offshore economy.
Barbados Offshore Business Introduction »
Barbados Trade, Marketing and Distribution »
Barbados Banking »
Barbados Trust Management »
Barbados Real Estate Holding »
Barbados Insurance »
Barbados Ship Management and Maritime Operations »

Barbados: E-Commerce
A description of how e-commerce operations are enabled in Barbados, and how the offshore tax regime can best be utilised for e-commerce.
Barbados E-Commerce Introduction »
Barbados Legislation »
Barbados Telecommunications »
Barbados Offshore Activities »

Barbados: Offshore Legal and Tax Regimes
This section looks at available offshore operations in Barbados and the criterion required for obtaining offshore tax status.
Barbados Offshore Introduction »
Barbados Forms of Offshore Operation »
Barbados Tax Treatment of Offshore Operations »
Barbados Taxation of Foreign Employees of Offshore Operations »
Barbados Exchange Control »
Barbados Offshore Operations »
Barbados Employment and Residence »

Barbados: Law of Offshore
A hub for information about the main laws and statutes affecting offshore and non-resident businesses in Barbados.
Barbados Table of Statutes »
Barbados Trust Law »
Barbados Banking Law »

Barbados: Domestic Corporate Taxation
A guide detailing the scope and rate of taxes affecting companies in Barbados.
Barbados Scope of Corporation Tax »
Barbados Corporation Tax Rates »
Barbados Branch or Subsidiary? »
Barbados Calculation of Taxable Base »
Barbados Filing Requirements and Payment of Tax »
Barbados Withholding Tax »
Barbados Land Tax »

Barbados: Personal Taxation
An overview of applicable taxes for individuals in Barbados.
Barbados Personal Tax Introduction »
Barbados Residence and Liability for Taxation »
Barbados Income Tax »
Barbados Social Security »
Barbados Stamp Duty »
Barbados Properties Transfer Tax »
Barbados Customs Duties »

Barbados: Double Tax Treaties
Treaties and international agreements that Barbados has in place, to mitigate the effects of double taxation.
Barbados Tax Treaty Introduction »
Barbados Tax-Sparing Provisions »
Barbados Table of Treaty Rates »
Barbados Other International Agreements »

Barbados: Related Information
Other useful information pertinent to Barbados.
Barbados Labour Regulation »
Barbados International Law »
Map of Barbados »