Barbados is an ideal location for reducing manufacturing
& information processing costs, while taking advantage
of duty-free exports to international markets and increasing
profits.
Advantages of establishing your business in Barbados include:
- 10-year tax holiday, with 2½ % tax rate thereafter
- Exemption from import duties
- Full repatriation of capital, profits & dividends
- Low-cost, subsidized factory space available within 10
fully-serviced industrial parks
- Cash grants for worker training
- Cooperative and efficient customs service
- Free consulting services of the Barbados Investment and
Development Corporation (BIDC)
- Official welcome from a government committed to private
enterprise
- Low operating costs (savings of 40% or more)
- Literate, skilled, trainable and productive workforce
with low rates of turnover and absenteeism
- Economic, political and social stability and integrity
- Duty-free access to the U.S.A., Canada and the E.U.
Barbados also offers special business sector incentives to
the following areas of business:
Information Technology Services Sector
- Special tax rate of 2 1/2% on net profits.
- Full exemption from import duties on production related
equipment such as computers.
- Full and unrestricted repatriation of capital, profits
and dividends.
- Subsidized office space available for rental in fully
serviced industrial parks.
- Training grant of US $50.00 per employee per week during
the first 18 months of operation.
Manufacturing and Production Industries
- Up to ten years exemption from taxes on corporate profits.
- 2 1/2% tax rate for export industries thereafter.
- Exemption from import duties on parts, raw materials and
production machinery.
- Expedited customs clearance procedures.
- Full and unrestricted repatriation of capital, profits
and dividends.
- Subsidized factory space in well planned and fully serviced
industrial parks.
- Training grant of US $50.00 per employee per week during
the first 18 months of operation. Click HERE for further
details.
- Coordinated investment approval procedures.
Tourism and Hospitality Sector
Barbados Tourism
Investment Inc. (BTI) is the development agency of the
Government of Barbados with special responsibility for promoting
and facilitating investment in the tourism and hospitality
sector in Barbados.
Whenever you are considering an investment in a tourism and
hospitality related project in Barbados, BTI will assist you
in a number of ways. Visit http://barbadostourisminvestment.com
for more information.
International Financial Services Companies
Barbados has established a reputation as a world-class international
financial services center, developing a network of double
taxation treaties, domestic tax policies, and legislation
which facilitates a thriving industry.
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