Key Reasons for Choosing Barbados
One of Barbados’ strengths is its compliance with international standards. The OECD in its initial report published in April 2009, recognised Barbados as the only independent, Caribbean nation which has substantially implemented the internationally agreed tax standard.
Barbados further reinforced its reputation as a fully transparent jurisdiction and continued commitment to the implementation of these global standards by signing the Foreign Account Tax Compliance Act (FATCA) Model 1A Agreement with the USA in November 2014. Additionally, since October 2016, Barbados has been a signatory to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The jurisdiction is also a signatory to the Multilateral Competent Authority.