Lowtax Network

Back To Top

Barbados Business, Taxation and Offshore Information

Barbados Is In The Caribbean And Caricom

Barbados is a tropical island in the Caribbean. It is quite densely populated, with 288,000 (2019 est.) people of mostly African descent living on an island of 430 sq. km (166 sq mi.). Barbados is an independent member  of the Commonwealth and a member of Caricom, the Caribbean common market. It is politically stable and GDP per capita of US$16,800 (2017) at PPP is reasonable. The Barbadian dollar is pegged to the US dollar at exactly 2 to 1. The climate is warm and humid; sea breezes alleviate the high summer temperatures. English is the official language.

One-Crop Economy has Successfully Diversified

Historically, Barbados mostly produced sugar. The island has now diversified into tourism, manufacturing (with a host of incentives), informatics and financial services.

Since the global financial crisis, the Barbadian economy has made steady progress. For the years 2015m 2016 and 2017, annual GDP growth was at 0.9%, 1.0% and 2.0% respectively. Unemployment had been reduced from a high of over 13% in 2014 to generally less than 10%. There has however been some fluctuation; figures for July and October 2018 were 8.2% and 10.7% respectively. 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 »