Barbados is an ideal location for reducing manufacturing & information processing costs, while taking advantage of duty-free exports to international markets and increasing profits.

Advantages of establishing your business in Barbados include:

• Tax holiday, with low tax tax rate thereafter
• Exemption from import duties
• Full repatriation of capital, profits & dividends
• Low-cost, subsidized factory space available within 10 fully-serviced industrial parks
• Cash grants for worker training
• Cooperative and efficient customs service
• Free consulting services of the Barbados Investment and Development Corporation (BIDC)
• Official welcome from a government committed to private enterprise
• Low operating costs (savings of 40% or more)
• Literate, skilled, trainable and productive workforce with low rates of turnover and absenteeism
• Economic, political and social stability and integrity
• Duty-free access to the U.S.A., Canada and the E.U.

Barbados also offers special business sector incentives to the following areas of business:

Information Technology Services Sector

• Special tax rate of 2 1/2% on net profits.
• Full exemption from import duties on production related equipment such as computers.
• Full and unrestricted repatriation of capital, profits and dividends.
• Subsidized office space available for rental in fully serviced industrial parks.
• Training grant of US $50.00 per employee per week during the first 18 months of operation.

Manufacturing and Production Industries

• Up to ten years exemption from taxes on corporate profits.
• 2 1/2% tax rate for export industries thereafter.
• Exemption from import duties on parts, raw materials and production machinery.
• Expedited customs clearance procedures.
• Full and unrestricted repatriation of capital, profits and dividends.
• Subsidized factory space in well planned and fully serviced industrial parks.
• Training grant of US $50.00 per employee per week during the first 18 months of operation. Click HERE for further details.
• Coordinated investment approval procedures.

International Financial Services Companies

Barbados has established a reputation as a world-class international financial services center, developing a network of double taxation treaties, domestic tax policies, and legislation which facilitates a thriving industry.

• Offshore Banks
• Exempt Insurance Companies
• International Business Companies
• Foreign Sales Corporations
• Societies with Restricted Liability
• Trust Companies
• Ship Registration and Shipping Activities