What we can do for you

  • We do all paperwork on forming the company in Barbados
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand

How we can assist you further

  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

Barbados Company Formation. International Business Company / Barbados (IBC)

Main Characteristics and the basic rules of Company registration in Barbados

 

Barbados Company Formation (IBC)

Financial Advantages

Taxation: 1% – 2.5% for an IBC
Double Taxation Treaty Access: Yes, taxation treaty access is signed
Barbados Tax Information Exchange Agreements Yes, taxation treaty access is signed
Account Filing Requirements: A Barbados IBC needs to file a tax return depending on its financial year-end as follows: On 15th March if the company’s year-end is between 1st January and 30th September. On 15th June if the company’s year-end is between 1st October and 31st December.
Annual Return Filing Requirements: A Barbados IBC is required to file an annual return together with its financial statements by 31 January each year.
Audit Requirements: Should be audited only if its gross assets or revenue exceed US$500,000.

Barbados Company Formation (IBC)

Registration Requirements

Share Capital: US$1,000 Minimum paid up share capital: US$1
Classes of Share Available for Belize company formation: Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value
Minimum paid up share capital: US$1
Bearer Shares: Yes Allowed
Registered Office Required: Yes, required and must be maintained in Barbados
Registered agent: Yes, required
Shareholders: Minimum number is one
Directors: Minimum number is one. Can be any nationality and need not be resident in Barbados. Corporate directors are allowed
Company Seal: Yes, company must have a company seal.
Your Company language: English
Name of your Company must be ended: “Corporation”/ Corp., “Limited”/Ltd, “Incorporated”/Inc.,, “Societe Anonyme”/S.A., “Sociedad Anonima”
Documents required for Belize company formation: A certified copy of your passport or ID and proof of your residential address dated less than 3 months.

Barbados Company Formation (IBC)

Restrictions

For Barbados company formation you cannot use words in your company names without justification: “Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading: None
Not permitted without a licence: Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.

Barbados Company Formation (IBC)

Confidentiality and Security

Publicly Accessible Records: No public register of company officers (Directors, Shareholders, Secretary)
Possibility to use Nominee Shareholders and Nominee Directors for Barbados Company Formation: Yes, Allowed
Disclosure of Beneficial Ownership to Authorities: NO, The names or identities of beneficial owner do not appear in any public records
Meetings of Directors and Shareholders to be held: You can hold Meetings of Directors and Shareholders of Barbados IBC anywhere
What is the stability to register Barbados Company (IBC) Stable jurisdiction and highly sustained reputation.

About Barbados

Barbados Company Formation
Capital city: Bridgetown
Region: Barbados is an island nation located in the Caribbean. Barbados are the easternmost island in the Caribbean and are in fact completely surrounded by the Atlantic Ocean and not touched by the Caribbean Sea at all
Political System: Parliamentary democracy and constitutional monarchy
Government: Constitutional monarchy, Parliamentary system
Governing corporate legislation: Companies Act
Type of Law: English common law
Type of company: International Business Company (IBC)
Currency: Barbadian dollar
Exchange Control: None.
Language of Legislation and Corporate Documents: English.
Time Zone: GMT +1

Barbados Company Formation – Benefits.

  • Tax on income on a sliding scale, from a maximum of 2.5% to a minimum of 1%.
  • Exemption from all withholding taxes on payments to persons not resident in Barbados.
  • No capital gains tax or estate duty.
  • Freedom from exchange control regulations.
  • Books and records may be kept in a foreign currency.
  • Guarantee of benefits and exemptions for a period of 15 years.
  • No minimum capital required.
  • Provisions for inward and outward re-domiciliation.
  • Modern and flexible corporate legal framework.
  • Branch operations may benefit from IBC status.

Our team of consultants are on hand to find out about your specific requirements and take you through the process from start to finish.