Barbados: International Tax Planning Entities

Introduction

Barbados offers a range of tax-efficient vehicles through which investors can conduct international business. The International Business Company and the Society with Restricted Liability can be used to conduct business with customers residing outside of Barbados.

Special incentive entities are available specifically for the provision of international financial services, namely;

International Banks

Family Offices

Private Banks

Merchant/Investment Banks

Exempt Insurance Companies,

Qualifying Insurance Companies,

Domestic Trusts and International Trusts.

Mutual Funds

All of these vehicles benefit from the following advantages:

No capital gains tax

Exemption from withholding tax on dividends, interest, management fees, royalties or other income paid to non-residents

.

Exemption from taxes on transfers of securities and assets to non-residents

Freedom from exchange controls