The Barbados International Business Company ('IBC') is similar to that of the British Virgin Island and is regulated by a modern, flexible governing body.
Barbadian Foreign Sales Corporations (FSC) are popular with US companies as they receive a permanent 15% tax exemption on their export profits. Since 1985 more than 5,000 exporters have established a FSC, which is today the principal U.S. export tax incentive.
Barbadian companies are also often used to hold real estate investment made in the People's Republic of China. The structures main benefits include a Chinese and Barbadian capital gain tax exemption on the sale of the shares of a Chinese company holding the real estate investment.
Features of the IBC include: |
- Flexibility to conduct most business activities
- Company redomiciliation permitted
- No minimum capital requirements
- No par value' shares may be issued
- Multiple classes of such shares may be issued
- Director(s) may be non-resident natural persons or Barbados corporations
- Shareholders information is not available to third parties
- Incorporation can be completed in a few days
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| The corporate income tax rate is exceptionally low at between 2.5-1.0%. |
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Barbados has 14 treaties (2006) to avoid double income taxation:
· Botswana · China · Malta · Sweden · United States
· Canada · Cuba · Mauritius · Switzerland · Venezuela
· Caricom · Finland · Norway · United Kingdom |
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Dividends, interest and royalties may be distributed at reduced rates between 0% and 15% under these treaties. In most cases, dividends, interest and royalties enjoy a 5% rate.
Languages Spoken: English and Spanish |
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Carleton Court
High Street
Bridgetown, St. Michael
Barbados
BB11128
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Tel.: +1 (246) 228 5363
Fax.: +1 (246) 228 5981 |
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E-mail:
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| barbados@amicorp.com |
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Management team