INVESTMENT AGREEMENTS

Barbados has an expanding network of double taxation agreements (DTAs), bilateral investment agreements (BITs) and tax information exchange agreements (TIEAs).

Double taxation agreements (DTAs)

Our network of double taxation agreements is ever-expanding. This means as an investor who uses Barbados resident entities to do business in other countries you can:

  • be sure of your tax treatment for income and gains from cross-border investments
  • pay less withholding taxes in the source country for certain types of income
  • eliminate double taxation on your income.

In Barbados our network of double taxation agreements is ever-expanding, with 40 agreements currently in place

To date we have 42 double taxation agreements in force:

COUNTRY ENTRY INTO FORCE
The United Kingdom December 19, 2012 (replaces the treaty that was signed March 26, 1970)
Canada December 22, 1980
Protocol to Barbados Canada DTA December 17, 2013
USA February 28, 1986
1st Protocol US/B’dos DTA January 1, 1994
2nd Protocol US/B’dos DTA December 20, 2004
Finland August 20, 1992
Protocol to Barbados Finland DTA June 1, 2012
Norway July 3, 1991
Protocol to Barbados Norway DTA June 1, 2012
Sweden December 1, 1991
Protocol to Barbados Sweden DTA December 12, 2012
Switzerland Agreement extended to Barbados by virtue of Agreement between Switzerland and the U.K., 1963
CARICOM [1] July 07, 1995
Venezuela January 2001
Cuba March 16, 2000
China October 27, 2000
1st China/B’dos Protocol June 9, 2010
Malta June 19, 2002
Protocol to Barbados/Malta DTA April 30, 2014
Mauritius January 28, 2005
Protocol to Barbados/Mauritius DTA Protocol signed December 6, 2017
Botswana August 12, 2005
Protocol to the Barbados/Botswana DTA * Protocol signed September 4, 2014
Austria April 1, 2007
Kingdom of the Netherlands July 12, 2007
1st Netherlands/B’dos Protocol November 13, 2011
Republic of Seychelles April 21, 2008
Republic of Mexico January 16, 2009
Luxembourg August 8, 2011
The Republic of Panama February 18, 2011
The Kingdom of Spain October 14, 2011
Czech Republic February 24, 2012
Iceland February 24, 2012
Kingdom of Bahrain July 16, 2013
State of Qatar June 5, 2013
San Marino August 6, 2013
Singapore April 25, 2014
United Arab Emirates February 18, 2016
Republic of Ghana * Treaty signed April 22, 2008
The Republic of Portugal October 6, 2017
Rwanda * Treaty signed December 22, 2014
The Republic of Italy October 17, 2017
Slovak Republic * Treaty signed October 28, 2015
Cyprus September 11, 2017

Bilateral investment treaties (BITs)

You may also have protection for your investment, because of Barbados’ bilateral investment treaties which are in place to promote and protect investment. To date, Barbados has concluded investment agreements with the following countries:

COUNTRY DATE OF SIGNATURE ENTRY INTO FORCE
The United Kingdom November 3, 2011 April 1993
Venezuela November 3, 2011 October 31, 1995
Germany November 3, 2011 May 11, 2002
Switzerland September 17,2013 June 26, 1995
Italy November 25, 2014 July 21, 1995
Cuba November 25, 2014 August 13, 1998
Canada November 25, 2014 January 17, 1997
China November 25, 2014 October 1, 1999
Mauritius November 25, 2014 June 28, 2005
Republic of Ghana November 25, 2014 Awaiting Ratification
Belgium – Luxembourg Economic Union November 25, 2014 Awaiting Ratification

Tax Information Exchange Agreements (TIEAs)

Barbados is committed to the implementation of the OECD’s Global Forum standard on transparency and tax information exchange. To date, tax information exchange agreements have been concluded with the following countries:

COUNTRY DATE OF SIGNATURE
Denmark November 3, 2011
Greenland November 3, 2011
Faroe Islands November 3, 2011
South Africa September 17,2013
Colombia * November 25, 2014