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Introduction Preparing accurate and compliant financial statements is a fundamental task for any small business operating in Barbados. At AFB Consulting Services, we understand that financial reporting is more than just compliance—it’s about empowering business owners to make sound decisions, access funding, and plan for growth. This guide offers a comprehensive look at the process, […]

Financial Statement Preparation in Barbados   Table of Contents 1. Introduction If you’re a business owner, entrepreneur, or investor operating in Barbados, financial statements are the bedrock of your business’s financial health. Whether you’re applying for a loan, attracting investors, or staying compliant with tax authorities, the accurate preparation of financial statements in Barbados is

Are you in the process of requesting a loan from a financial institution in Barbados? If you are, you should take the time to understand what bankers mean when they say your Debt Service Coverage Ratio (DSCR) needs to be calculated. It’s a key ratio that helps Banks determine whether you can afford to repay

A corporation generally makes it easier for your business to raise capital or apply for a loan by giving it a sense of legitimacy. When you incorporate, it also means you can open up a bank account and start building a line of credit, which, for a small business owner, is a necessity. Below, I

Now that you have incorporated your business, how do you open a Business Bank account in Barbados? Many business owners complain that they need assistance opening business bank accounts in Barbados. Below, we have detailed some of the standard information you must submit. Please note that this list is not exhaustive, as most banks also

Understanding the tax framework in Barbados is essential for both local entrepreneurs and international investors. Whether you’re preparing financial statements for your small business or planning to open a corporate bank account, Barbados’ tax landscape can significantly impact your bottom line. Table of Contents 1. Overview of the Barbados Tax System Barbados operates a residency-based