INVESTMENT > FAQS

  1. Who can I contact to enquire about investing in Barbados?
  2. What is a company?
  3. What is a business name?
  4. What is an IBC?
  5. Do IBCs, SRLs, International Banks and trusts have to file a tax return?
  6. How do I go about applying for an IBC licence?
  7. What is the cost of licensing an entity?
  8. Who do I write cheques to in respect of the above?
  9. What documents do I have to submit to incorporate or organise a Barbados entity?
  10. How much does it cost to incorporate a company?
  11. When do I have to renew the licence and what do I submit?
  12. Who is entitled to 35% tax exemption?
  13. How long does it take to process a licence?
  14. Do I have to apply for a licence through a service provider?
  15. How do I know that my licence is ready?
  16. Does Barbados have secrecy laws?
  17. Does Barbados exchange criminal and civil tax information?
  18. Who applies for a work permit?
  19. How do I apply for a work permit?
  20. How long does a work permit last?
  21. How long does it take to approve a work permit?
  22. Can a person work while waiting for a work permit?
  23. Can a Barbados national licence an international business entity?
  24. Does Barbados have double taxation treaties?
  25. Are statistics available for the number of entities licensed?
  26. What is the procedure for amalgamating a company?
  27. What is the procedure for dissolving a company?
  28. What are the regulatory agencies for banking and insurance in Barbados?
  29. What is the labour situation like in Barbados?
  30. What existing legislation enhances Barbados competitiveness?
  31. What incentives are available in Barbados?
  32. Are taxes levied in Barbados?
  33. How is approval for constructing a building or making other improvements to land obtained?
  34. Does Barbados have electronic commerce legislation?
  35. What strategy has Barbados undertaken to combat money laundering?
  36. Does filing financial statements with the Delvelopment Division replace the filing of financial statements with the Ministry of Finance?
  37. Will you accept a copy of financial statements or must it be originals?
  38. Must the expenses/fees on the renewal form be quoted in Barbados dollars or would you accept another currency such as US or Canadian dollars?
  39. Does the number of management persons in Barbados include Directors?
  40. What defines a Manager or Employee as local or foreign?
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©The International Business Unit,
The Ministry of Foreign Affairs, Foreign Trade & International Business
First Floor West, Warrens Complex, Warrens, St. Michael, Barbados.
Tel: (246) 310-2200, Fax: (246) 424-2468, 424-2506, Email: info@barbadosbusiness.gov.bb