Fees and timelines

Fees

Incorporation costs in Year 1 amount to US$5,130 and annual company costs in Year 2 and thereafter amount to US$0. The average fee per Barbados engagement amounts to US$12,305, which includes company incorporation and opening a local corporate bank account and all Government fees. Refer to draft invoice embedded here.

  Onshore LLCIBC
1Average engagement costsUS$12,305US$11,725
2Draft invoicedraft invoice for Barbadosdraft invoice for Barbados

Click here to create your own Barbados invoice

Timelines

The average Barbados company registration period is 16 weeks as outlined below:

barbados business registration engagement period timeline

  • Preparing a detailed project plan;
  • Our Client confirms the corporate structure;
  • Collecting due diligence from our Client.
  • Our Client signs the corporate bank account opening forms;
  • Healy Consultants prepares a business plan;
  • Healy Consultants visits the bank for interview;
  • The Bank Legal and Compliance Department review and approve the banking application;
  • The Bank Front Office email corporate bank account numbers to our client.
  • The Bank Operations Department mails the internet username and passwords to our Client;
  • Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.
  • Healy Consultants confirms all Client due diligence is received;
  • Healy Consultants couriers to our Client the complete original company and bank account documents;
  • Our Client completes our web page feedback survey;

Contact us

For additional information on our company registration services in Barbados, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Seth Ochieng, directly:
client relationship officer - Seth