Barbados

Barbados has established itself as a reputable and diversified international business centre. Its stable democratic government, developed infrastructure, network of double taxation treaties and well-defined business legislation make the island an ideal offshore domicile.

Its key competitive advantages include incentives to companies involved in manufacturing, financial services and IT services; duty-free entry of Barbados-made products into the US, the EU, Canada, Venezuela, Colombia and CARICOM member countries; legislation to facilitate the establishment of a range of offshore entities; a wide network of double taxation agreements; income tax concessions to employees of offshore companies; no restrictions on the repatriation of net income earned by individuals or companies during their tenure in Barbados; no withholding taxes on dividends, interest and management fees and royalties paid to non-residents; and no capital gains taxes.

The government’s policy has been a firm commitment to the social and economic development of the island, recognising that this can only be achieved by looking outward to attract foreign investment. The government of Barbados therefore fully supports inward investment and ensures that the appropriate incentives and legislation are in place to give confidence and predictability to investment decisions.