Is it easy to open a corporate bank account in Barbados?
It is very easy to open a corporate bank account with a reputable international bank in Barbados.
Am I required to visit Barbados to incorporate a company there?
No. Healy Consultants can legally incorporate your Barbados company without you needing to travel.
What is the minimum number of directors required for a Barbados company?
A Barbados company needs a minimum of one director.
Is a resident director required?
A resident director is not required.
What is the minimum number of shareholders required for a Barbados company?
A Barbados company requires a minimum of one shareholder. Corporate shareholders are also permitted.
Are shareholder/director details available for public viewing?
What are the minimum capital requirements for a Barbados company?
There is no minimum capital requirement to set up a company (SRL – International Societies with Restricted Liability) in Barbados.
Do I need to maintain a registered office in Barbados?
Yes, a registered office must be maintained in Barbados. Furthermore articles, bylaws, minutes, and resolutions should be kept.
Is a Barbados company required to submit an annual return and/or financial statements?
No, a Barbados company is not obliged to submit an annual tax returns and audited financial statements.
How much tax does a Barbados company pay?
A properly structured Barbados company pays a maximum corporation tax of 2.5% on all international income. Dividends received and distributed by a Barbados IBC are also tax-exempt. In addition there are no capital gains taxes and no inheritance taxes.