Manufacturing Company
For those seeking to manufacture products in Barbados, the island is ideally suited for the development and manufacturing of niche products that require a world class infrastructure including excellent air and seaport facilities, supported by a well-educated work force. Investment opportunities include:
- Medical supplies
- Optical devices
- Printing and publishing
- High fashion apparel
- Leather items
- Electronic components & subassemblies
- Jewellery
- Agro-processing
- Pharmaceuticals
- Food and beverages
Incentives and Factors
Approved manufacturers are eligible for the following benefits:
- Full exemption from import duties on components, raw materials and production equipment
- Capital allowances on fixed assets
- Factory accommodation in well-planned industrial parks, on rental or lease basis
- Training grants based on wages paid to employees during the initial operating period
- Duty-free access to CARICOM countries providing the products satisfy origin criteria
- Preferential market access of Barbadian produced goods to various countries.
Key Pieces of Legislation
- Companies Act
- Income Tax Act
- Income Tax Regulations
- Value Added Tax Act