The kinds of questions asked by clients are too numerous to mention, but some of the most common ones include:
Q. Is Barbados a credible offshore jurisdiction?
Yes, attractive features of the island as a reputable offshore jurisdiction include:
- British Common Law and an unblemished offshore reputation
- Political and social stability
- Modern financial, transportation and telecommunication infrastructure
- Well-educated business and legal professionals
Q. What are the basic features and advantages of an IBC?
To qualify as an IBC, a company should be established in Barbados and licensed under the IBC Act.
Some of the tax incentives for IBCs include:
- Low start-up and operating costs
- Dividends paid to a Canadian Company are exempt of Canadian tax
- Maximum tax rate of 2 1/2% on profits
- Foreign tax credit
- Transfer of assets
- Confidentiality
- Duty free import of inputs for IBC
Q. Which countries does Barbados have tax-treaties with?
Barbados protects investment and tax liability of its offshore sector by continuing to expand
its investment and tax treaties with other countries.
Double taxation and investment protection agreements are in place with the following countries:
- U.S.A.
- Canada
- Switzerland
- China
- The Scandinavian countries
- Venezuela
- Cuba
- Caricom Islands
Q. What are the basic features of International Trusts
An international trust is exempt from all taxes and duties in Barbados. The trust must be established by a non-resident and its beneficiary must also be a non-resident of Barbados.
The following details apply:
- At least one of the trustees must be resident in Barbados
- The trust assets cannot include any Barbados real estate
- The settler must be resident outside of Barbados
Q. On what basis do you charge your fees?
In our fee schedule, fees vary according to services and facilities requested by the client.
However, rest assured that the cost of establishing and managing your off-shore investments is but a
small percentage of the benefits you can derive from having them.
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