Company Formation Barbados

Other Jurisdictions

Barbados

Cost of registration

Number of Directors

Corporate tax rates

Payment of Charter Capital

Financial statements

€ 900

1%-5,5%

Yes

FEW WORDS ABOUT BARBADOS COMPANY

BENEFITS

TAXES

ACCOUNTING

Political and economic stable jurisdiction
Government policies favouring foreign investments
Favourable tax regime (10 year tax holiday)
Details of shareholders and beneficiaries are not available to the public
No minimum capital requirements
No foreign currency control (Permit required)
Double taxation treaties signed with over 40 countries

Corporate tax rate - 25%
Corporate tax rate for IBC - 1%-2.5%
Personal income tax rate - 16%-33.5%
VAT rate - 17.5%
Duty-free options. Including import duty exemptions
Double taxation treaties and tax information exchange agreements signed with over 40 countries and 5 countries respectively
Ten year tax holiday for newly incorporated companies

REQUIREMENTS

TYPES OF COMPANIES

Certificate of Incorporation
Memorandum and Articles of Association
Minimum of one shareholder
Minimum of one director. No residence requirements
No minimum capital share requirement
Notarized copy of your passports
Directors’ acceptance letter
Company secretary appointment
Legal registered office address
Minutes of first meetings
Minutes of first meetings
Share certificates
Shareholders’ and Directors’ register

To register a company in Barbados, it is necessary that the company’s activities meet the following requirements:

The company is registered in Barbados
The assets of the company accrued before the liquidation of a business, which will be used in favour of shareholders and charge holders (if they are residents of the Caribbean Community Countries) must not exceed 10%
Residents of the Caribbean Community Countries can have interests and dividend payments not exceeding 10%
Companies conducting relevant activities such as financial services, insurance, fund management, shipping, intellectual property holdings and equity holding companies and many more are required to meet an economic substance test which includes conducting its core-income generating activities within Barbados, having control and management from Barbados, and an adequate number of employees, expenditure and assets in Barbados according to their business activities
The Company name

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Company Formation

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HOW TO REGISTER A COMPANY IN BARBADOS

Step 1. Check your company name in the Company Registry

Step 2. Enter your company details

Step 3. We prepares and files the necessary incorporation documents to the relevant authorities for approval

Step 4. Then we works with the client to open a corporate bank account in Barbados

Step 5. We deliver the certificate of incorporation personally to the client or via courier service

Step 6. Checkout – that’s it

MORE INFORMATION

CORPORATE INFORMATION

SHARES AND SHARE CAPITAL

Opportunity to purchase ready-made companies
Local registered office
Local registered agent

No
Yes
Yes

The minimum amount of the issued capital
Bearer shares
The usual size of the authorized capital
Possibility to issue shares without par value

No
No
5000
No

DIRECTOR AND SECRETARY

SHAREHOLDER AND BENEFICIARY

Minimum number of directors
The requirement for residency directors
Director of legal entities are allowed
The data reveals to the local agent
Data field to the public registry
The requirement for the presence of the Secretary
Requirement to the residense of the Secretary
Requirements to qualification of the Secretary
Legal entity as the Secretary

1
No
Yes
No
No
Yes
Yes
No
No

Minimum number of shareholders
Data is entered in the public register
Shareholders residency requirement
Information about the beneficiary is disclosed
Information may be disclosed to the local agent
Shareholders-legal entities are acceptable

1
No
No
No
No
Yes

TAXATION

REPORTING

VAT
Basic corporate tax rate
Capital gains tax
Currency control
Stamp duty

No
1-5.5%
No
No
No

The requirement for filing reports
Open access to reports
Statutory audit
The requirement for filing Annual Return
Open access to the Annual Return
The requirement for reports
Treaty on avoidance of double taxation (States which signed)
Membership in the OECD

Yes
No
No
No
No
Yes
12
No

Corporate tax rates details Taxable income: up to 10,000 BDS $ ‘000 rate 2.5%; 10,000 – 20,000-2.0%; 20,000 – 30,000-1.5%; more 30,000-1.0%. Updated February 2018: Rate is 25% for regular business companies; 5% on life insurance businesses; and 0.25%-2.5% for International Business Companies, International Societies with Restricted Liability and international banks. Branch profits tax of 10% also levied.

Register Company Now

Сhoose a product and click “Next Step”

Company Formation

Registered Office

And Click

Why Customers Choose Us

Our lawyers have already registered hundreds of companies in different parts of the world, and they know all the subtleties and underlying potential problems when registering companies in the necessary jurisdiction. You will save your time and money by applying for us.

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