Incorporate in Barbados
Set up a company in Barbados (IBC / ISRL)
Companies incorporated under the International Business Companies Act of Barbados are a versatile vehicle for companies who want to headquarter their international operations on the island.
International Business Companies (IBCs) may not conduct trading with residents in Barbados. An IBC may manufacture, process or otherwise prepare products from within Barbados for export outside of the CARICOM area or trade and provide services exclusively to non-CARICOM residents.
Registering an IBC will benefit from a very low tax rate from of 2.5% of income down to 0.5% depending on the income level. Tax-exemption on capital gains, no withholding taxes, exempt from exchange controls on foreign currency and exempt from import duties and taxes on materials, machinery, plant and equipment.
In addition, a tax credit is available for foreign tax paid, if it does not reduce total tax payable in Barbados to less than the 0.5% minimum tax rate.
Barbados has concluded trade agreements with several jurisdictions, including the U.S., Canada and the European Union.
Barbados International Business Companies are powerful vehicles for international trade, commerce, manufacturing operations and holding company for both intellectual property and for investments in foreign subsidiaries, with low costs and minimum requirements.
Barbados International Company (IBC/ISRL) – US$7,950.00 (All included)
We pride ourselves in providing the best possible professional service which includes our honest hassle free “No Hidden Fee” policy. Your incorporation package includes:
- Government incorporation and filling fee
- Bound set of Constitutional Documents
- Certified Copies of Constitutional Documents for bank account opening
- Registered Agent & Registered Office Fee
- Corporate Seal
- Courier fees
Time to form: 3 to 4 weeks.
All our incorporation services include a yearly consulting session, a dedicated account manager and access to our global network of trusted business services, including introductions to accountants, financial, tax and legal advisors at no cost.
Bank Account Options
- Barbados Bank Account (Remotely) – US$500.00
- Offshore Bank Account* (Remotely) – US$300.00
- Bahamas Bank Account (Remotely) – US$500.00
- Labuan (Malaysia) Bank Account (Remotely) – US$500.00
- Curaçao Bank Account (Remotely) – US$500.00
- Mauritius Bank Account (Remotely) – US$500.00
- Singapore Bank Account (In-person) – US$900.00
- Hong Kong Bank Account (In-person) – US$1,200.00
- Cayman Islands Bank Account (Remotely) – US$900.00
- Crypto-Friendly Bank Account (Remotely) – US$3,000.00
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we are happy to help you with introductions that can empower your business.
*Offshore Bank Accounts: Belize, Puerto Rico, Nevis, Antigua, Saint Lucia. Other bank account options may be available depending on business profile and turnover.
Annual Fees (2nd year) – US$3,900.00
Preparing and filing licence renewal
Government fee for licence renewal
Registered agent & registered office fee
Audit fees – from US$7,000.00 to US$20,000.00 per year
Tax compliance – from US$1,500.00 to US$4,500.00 per year
Independent local resident director – US$3,000.00 per year