Barbados Legislates for Economic Substance

January 1, 2019, was truly a red letter day for businesses in Barbados, both local and international. On that day, in response to requirements of the Organisation of Economic Cooperation and Development (OECD), Barbados officially dismantled a decades old tax structure that had allowed international businesses to be taxed at far lower rates than local companies.

Barbados Money
Barbados on Track with BEPS Action 5

Barbados will continue to seek a balance between complying with the OECD and EU requirements, and strengthening its own economic development

Barbados OECD compliant
Barbados Is an Ideal Regional Hub for Doing Real Business

“The combination of Barbados’ location, legal and regulatory framework, tax incentives and treaties, as well as its skilled workforce and infrastructure, make the island the perfect regional hub for conducting real business.”

The RBC building in Bridgetown

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Business Barbados 2020
Barbados Delivers
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