Barbados is the premier international business
centre in the Caribbean and is one of the leading
financial centers in the world for captive insurance
and international business companies.
Barbados is a well known, high quality, holiday
destination in the world and has an excellent
reputation for integrity as an international business
centre. Barbados has been ranked as one of the top
developing nations in the world according to the
United Nations Report.
Over the past 35 years, the Government has enacted
and continually reviewed the legislation that has
made Barbados an outstanding domicile for
Why Barbados?
conducting international business. The legislation
provides attractive tax concessions and incentives,
and has a well developed tax treaty network with
several countries including the USA, Canada, the
United Kingdom, Switzerland, China, Malta, Austria,
Venezuela and many others. The Government is
currently negotiating with several other countries
including:
- Mexico
- India
- The Kingdom of the Netherlands
- Brazil
During the process of enacting and reviewing the
various laws governing international business, the
country has safeguarded its reputation for integrity,
responding quickly to such international concerns
as money laundering and lack of transparency.
The legislation that has been enacted is as follows:
- Exempt Insurance Companies
- Qualifying Insurance Companies
- International Business Companies
- International Financial Services
- International Societies with Restricted Liability
- International Trust
- Mutual Funds
- Cell Companies
- Segregated Account Companies