Fees and timelines in 2023 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$14,305, which includes company incorporation and opening a local corporate bank account and all Government fees. Refer to draft invoice embedded here.
Click here to create your own Barbados invoice Select the services you require and get the total fees at end of this table:
Timelines The average Barbados company registration period is 16 weeks as outlined below:
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;