The International Trusts Act, 1995 governs an International Trust and sets out the main requirements for establishment as follows:
The Settlor and Beneficiaries must be non-residents of Barbados.
One Trustee must be resident in Barbados.
A declaration within the Trust must state that it is an International Trust.
Taxation of a Barbados International Trust is limited to income derived from Barbados and to income from sources outside of Barbados to the extent that a benefit is received in Barbados by way of remittance.
Please contact a private banker regarding an International Trust.