Other Incentives

Competitive tax rates: Companies operating in Barbados benefit from a maximum tax rate of 5.5% on taxable income.

Foreign Currency Permit: Entities that earn 100% of their income in foreign currency, are entitled to receive a Foreign Currency Permit. Holders of a Foreign Currency Permit benefit from:

  • Exemption from exchange control
  • Exemption from property transfer taxes on transfers of shares or quotas
  • Income tax concessions for specially qualified individuals as employees