Barbados has earned a global reputation as a premier jurisdiction for business incorporation, offering an attractive blend of tax incentives, political stability, and a pro-business regulatory framework. As a result, we will review the incorporation services in Barbados in this blog.
Whether you’re a local entrepreneur or an international investor, understanding the incorporation process in Barbados is essential to launching and maintaining a successful business.
In this comprehensive guide, we cover everything you need to know about incorporation services in Barbados, from legal requirements to step-by-step processes, associated costs, and frequently asked questions.
If you’re searching for how to incorporate a business in Barbados or the best company formation agents in Barbados, this article will provide everything you need.
Why Incorporate in Barbados?
Barbados offers a wide range of advantages for those looking to incorporate:
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Strategic Location: Situated in the Eastern Caribbean, Barbados serves as a gateway between North America, Latin America, and Europe.
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Tax Treaties: Barbados has an extensive network of double taxation agreements (DTAs) with over 40 countries.
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Robust Legal Framework: Based on English common law, the legal system in Barbados is transparent and investor friendly.
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Government Support: Through Invest Barbados and CAIPO, the government provides strong support to new businesses.
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Modern Infrastructure: Barbados offers state-of-the-art telecommunications, transportation, and business support services.
Step-by-Step Guide to Incorporate a Company in Barbados
Step 1: Choose a Company Name
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Conduct a name search at the Corporate Affairs and Intellectual Property Office (CAIPO).
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Ensure the name is unique and compliant with CAIPO guidelines.
Step 2: Prepare Articles of Incorporation
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Draft your company’s Articles of Incorporation and submit it to CAIPO.
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Include share structure, registered office, and director information.
Step 3: Appoint Directors and Secretary
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At least one director is required (can be a resident or non-resident).
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Appoint a corporate secretary as mandated by law.
Step 4: File Incorporation Documents
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Submit the required documents to CAIPO
Step 5: Obtain a Certificate of Incorporation
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Once approved, CAIPO will issue your Certificate of Incorporation.
Step 6: Register for Taxation and Licenses
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Register with the Barbados Revenue Authority (BRA).
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Obtain a Business Registration Number and VAT Number if applicable.
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Apply for relevant sector-specific licenses.
Required Documents for Incorporation Services in Barbados
Here are the standard documents required:
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Articles of Incorporation
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Name reservation certificate
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Directors’ consent forms
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Proof of registered office
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Identification documents for directors/shareholders
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Declaration of compliance
Cost to Register a Company in Barbados
The incorporation cost will vary depending on the entity type and legal service provider. However, here is a general breakdown:
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CAIPO Filing Fees: BBD $750 (approximately USD $375)
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Legal/Consultancy Fees: USD $1500 to $2,000 (depending on complexity)
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Annual Return Filing: BBD $100 to $500
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Tax Registration & Licensing: Varies based on industry
Best Incorporation Services Providers in Barbados
If you want expert support, here are some companies that offer incorporation services:
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Malacon Business Services Inc. – Offers incorporation, financial reporting, tax filing, and compliance services.
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Lex Caribbean
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Clarke Gittens Farmer
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Chancery Chambers
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Invest Barbados (Government agency offering support to foreign investors)
Incorporating as a Foreigner or Non-Resident
Many foreign entrepreneurs search for “Barbados incorporation services for foreigners.” Here’s what you need to know:
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No citizenship or residency is required.
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A local registered office address is mandatory.
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Directors and shareholders can be non-residents.
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A local attorney or corporate services provider can help manage the process.
Common FAQs on Incorporation Services in Barbados
Can I register a company in Barbados online?
Yes. CAIPO offers a user-friendly online portal for company name search, document submission, and filing.
How long does it take to incorporate a company?
Typically, 10 to 15 business days, depending on CAIPO processing and document completeness.
What are the tax benefits of incorporating in Barbados?
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Competitive corporate tax rates
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Double taxation treaties
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Exemptions for certain types of income depending on your business model
What is the annual maintenance required?
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File annual returns
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Pay relevant government and filing fees
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Maintain accounting and tax compliance
Post-Incorporation Services You May Need
Many businesses need ongoing support after registration:
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Accounting and Bookkeeping
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Tax Filing and Compliance
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Registered Office Services
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Annual Returns Submission
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Business Plan Preparation for Financing
Need Help Incorporating in Barbados?
If you’re ready to start your business in Barbados, contact Malacon Business Services Inc. today. We offer:
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Same-day name reservation process started
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Complete incorporation packages
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Tax registration and filing
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Registered office and ongoing compliance support
Let our experienced team take the hassle out of the incorporation process.
Contact us today for a free consultation and start your journey to doing business in Barbados.
We can be reached on WhatsApps at 1246-836-1234 or Sherryann.Bourne@MalaconBusinessServices.com