About Barbados
Why Barbados?
Welcome to the sophisticated business environment in Barbados. The financial infrastructure and legislation of this independent Caribbean island are designed to provide you with Safety and Security of your assets.
Only 166 square miles in size, Barbados is the most easterly of the Caribbean islands with a population of approximately 260,000. It is a former British colony which became independent in 1966 and is a member of the Commonwealth.
The island's politically stable government has established an environment conducive to attracting foreign investors and businesses.
Among the list of criteria which Barbados meets are:
- Recognition as a major financial centre.
- Corporate law and legal process are based on common law and the legal system of Great Britain and enhanced by local statutes which have been drawn on modern laws from within the Commonwealth.
Contributing Factors
- No taxes on investment income or capital gains.
- No withholding taxes on dividends, interest, management fees and royalties paid.
- Low taxes on profit.
- No probate fees.
- No estate or succession duties.
- Exemption from exchange controls.
- Well established confidentiality laws.
- Professional advisors and support services readily available.
- Excellent infrastructure and telecommunications network.
- Easily accessible.
- Government stability.
- Official language is English.
- Currency fixed against the U.S. dollar.
