Barbados

Company FormationBarbados

Barbados is a country located in the Lesser Antilles of the West Indies, it is bordered by the Windward Islands and the Caribbean Sea, Saint Lucia, Saint Vincent and Grenadines, Martinique and northeast of Trinidad and Tobago.

Barbados's capital is Bridgetown (it is also the largest city). The country's population is over 280 000, and English and Bajan Creole are its official languages. Barbados is ranked as one of the leading tourist destinations, as it is considered part of the Caribbean islands. The official currency of Barbados is the Barbadian dollar (BBD).

The government of Barbados is that of unitary parliamentary constitutional monarchy. Barbados is a member of the Commonwealth of nations, world trade Organization, Caribbean Community (CARICOM), Organization of American States (OAS) and Caribbean Court of Justice (CCJ). The legislative framework regulating the activities of the company is the Companies Act 1982.

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Why Registera Company in Barbados?

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Stability

Stability of the government and administration

Protection

Providing guarantees and protection to the stakeholders at the legal level

Taxes

Broad tax advantages

Respectability

Confirmation of the respectability of the jurisdiction in the form of approval from the Organization of the Economic Cooperation and Development

No corruption

The minimum level of corruption in the country

Foreign transactions

Lack of control over foreign exchange transactions

Various formats

The ability to conduct business in various formats, including international commercial companies, mutual funds, trusts and limited liability companies

Framework

Reliable and developed legal framework

Investment mechanisms

Application and support of various types of investment mechanisms

Steps for Registering a Company in Barbados

GFSC Global works with the client to get the company’s name and activity approval from the Companies Registry

GFSC Global with the client to secure the Memorandum of Association (MOA).

GFSC Global collects, prepares and files the necessary incorporation documents on behalf of the client to the relevant authorities for approval.

GFSC Global works with the client to open a corporate bank account in Barbados.

GFSC Global delivers the certificate of incorporation personally to the client or via courier service.

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