Barbados Company Formation

Taking business to an off shore destination may be on your agenda. If you want to expand the venture in the Caribbean region, probably nothing fits the bill as good as Barbados. Apart from the natural beauty and serenity that attracts tourists, Barbados is also enticing from business expansion perspective. You will face fewer hardships in this country compared to many others in this regard and which is why so many investors start looking for Barbados Company Formation service as soon as they land on the shores on Barbados.

When you plan to take your venture to a distant offshore destination, the taxation aspects has to be analyzed. The nice thing about Barbados is it has got into new Double Taxation Agreements with several countries. The corporate tax level is below 2% for the international businesses.

Barbados Company Formation or taking your existing venture to Barbados should be simpler than you imagine. The country has a stable and democratic government- to begin with. As for economic growth and performance, there is nothing to fret about. Its business formation norms mimic those of the USA. It would not be too hard to start limited liability companies, nonprofit companies and limited partnerships. The government of the country has taken care to refine the laws for making things better for foreign investors.

It is easy to expand different types of businesses to Barbados. However, sectors like international business services, manufacturing, tourism, agriculture seem to be more profitable than others from business expansion perspective here. Tourism related business tend to do especially well in the country. The benefits like 10-year tax holidays and exemption from the import duties make things rosier for foreign investors here.

You can register your venture in Barbados either as a limited liability firm or corporation, as per law. It is also possible for you as a foreign investor to opt for International Business Company status. These are applicable for companies dealing with manufacturing, commerce and international trade.

No matter what type of venture you have and want to expand operation to Barbados, proper planning is required when it comes to Barbados Company Formation. You have to get facts clear on the country’s tax norms and get documentation in place prior to application. For these, you will require assistance from an agency with expertise in tax, business laws of Barbados. The Barbados Investment and Developing Corporation does offer free consulting. However, you will do better by seeking Barbados Company Formation services of a veteran entity lie BRIS. We offer enough skilled manpower and required resources to business owners eyeing Barbados for starting operations. Just call us for details.

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• 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.