Barbados wants to attract more foreign investment, so our aim is to make it as attractive, straightforward and profitable as possible for you to do business here.
Our competitive tax structure and expanding international tax and investment treaties make it easy to do business in Barbados, while being fully transparent and compliant with tax obligations.
“Our competitive tax structure and expanding international tax and investment treaties make it easy to do business in Barbados.”
Below are some examples of the range of attractive incentives offered to investors:
International businesses: International business companies holding foreign currency permits (FCPs) are eligible for exemptions from exchange control restrictions, property transfer taxes on transfers of shares or quotas, and income tax concessions for specially qualified individuals as employees.
Manufacturing: Exemptions on import duties for components, raw materials and production equipment. You may also be eligible for capital allowances on fixed assets.
ICT: Training grants to upskill your workforce in the initial operating period.
Renewable Energy: Duty free concessions for developers, manufacturers or installers of renewable energy systems and energy efficient products when importing renewable energy equipment, income tax holidays for up to 10 years, and more. Read more in the Fiscal Incentive Booklet published by the Ministry of Energy.
Tourism: Reduced income tax rates, customs concessions on imports, tax allowances for training staff and international marketing, among others. Further details on customs and tax concessions for approved tourism projects are outlined on the Barbados Tourism Investment Inc website.