Barbados Company Formation |
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If properly-structured, Barbados company formation allows global entrepreneurs to legitimately conduct international business exempt from tax. The following information will help you determine whether Barbados company formation is the optimum corporate structure to fulfill your international business objectives: |
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Advantages of Barbados Company Formation |
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| 1. | A properly-structured Barbados company pays a maximum corporation tax of 2.5% on all international income.
There are no capital gains taxes and no inheritance taxes. Dividends received and distributed by a Barbados IBC are also tax-exempt. In the 2007 Index of Economic Freedom by The Heritage Foundation, Barbados ranks well as having the world's 21st-freest economy, and scores at 50% in terms of investment freedom and capital flows. |
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| 2. | A minimum of one shareholder and one director is required for Barbados company formation, and they need not be resident in Barbados. Corporate shareholders and directors are permitted. Following Barbados company formation, shareholders and directors details are not available on a public register. |
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| 3. | Barbados company formation is cost-effective and fast. The minimum capital requirement for for Barbados company formation is US$1. |
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| 4. | Following Barbados company formation, it is not necessary to submit annual audited financial statements or tax returns. |
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| 5. | It is easy to open global corporate bank accounts to support Barbados company formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services. |
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| 6. | Barbados is positively perceived in international business. It rose from the 22nd least corrupt country in the world to the 23rd least corrupt, according to the 2008 Corruption Perceptions Index by Transparency International. |
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Disadvantages of Barbados Company Formation |
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| 1. | Following Barbados company formation, a registered office must be maintained in Barbados at which Articles, Bylaws, Minutes and Resolutions are kept. |
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| 2. | Offshore banks, exempt insurance companies and foreign sales corporations are not eligible for Barbados IBC status. |
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| 3. | Barbados is perceived as an offshore tax haven. |
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Other Information |
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Refer to the following links to read more information related to Barbados company formation: |
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| Contact Us | |||
For more information on Barbados company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120. |
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ENGAGEMENT COSTS Year 1 incorporation US$4,000* Annual fees from Year 2 US$2,500 * Nominee director fee Company de-registration *Includes government licence fees and legal registered office for 12 months.
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