Barbados has an operational and regulatory framework that efficiently and effectively facilitates the needs of both local and foreign investors and fosters reputable business of substance in financial services, ICT, renewable energy, to name a few. Barbados continues to participate in the global discussion on automatic exchange of information and is committed to ensuring that its laws and practices are fully compliant with new international standards designed to combat tax evasion and money laundering.
Barbados’ reputation as having a well regulated and transparent regulatory environment with a long history of exchange of information is widely known. Its expanding and diverse network of Double Taxation Agreements containing up-to-date OECD established exchange of information provisions is in part responsible for the international business sector’s success as a small IFC.
Coupled with a robust regulatory framework , adherence to international standards of transparency and information exchange, Barbados’ low-tax regime has been used by the discerning international investor to properly structure investments.
Minister Inniss’ Press Release on Barbados’ Removal from EU Listing
Barbados’ removal from EU list press release
Minister Inniss Issues Press Release on EU Listing
Official Minister’s December 6 2017 Press Release
Remarks by Minister Inniss at the IBFS 2016 Conference
Opening Remarks by the Honourable Donville Inniss at the Occasion of the 2016 IBFS Conference
New Global Forum peer reviews highlight ever-increasing compliance with tax transparency standards
14//03/2016 – The world’s leading forum on tax transparency published 10 new peer review reports today, pointing to ever-increasing compliance with the internationally-recognised standards to curb tax evasion through the exchange of information. The new reporting from the Global Forum on Transparency and Exchange of Information for Tax Purposes demonstrates growing worldwide compliance with the international standard for exchange of information on request and deep engagement to push forward transparency objectives of the group, which brings together 132 countries and jurisdictions on an equal footing to tackle offshore tax evasion. The Global Forum published Phase 1 reports on Croatia and Tunisia, which assessed their legal and regulatory frameworks for transparency and exchange of information on request. These countries were assessed to have legal frameworks in place to enable them to move to Phase 2 of the review process, which will assess exchange of information practices. Eight new Phase 2 reviews of exchange of information practices – for Botswana, El Salvador, Georgia, Kenya, Mauritania, Nigeria, Niue and Saudi Arabia – were also published by the Global Forum. It allocated ratings for compliance with the individual elements of the international standard, as well as an overall rating for each jurisdiction which is “Largely Compliant.” The Global Forum has now completed 225 peer reviews and assigned compliance ratings to 94 jurisdictions that have undergone Phase 2 reviews. The first round of reviews for all member jurisdictions will be completed by the end of 2016, as required under a 2009 mandate that governs the peer review process. In a demonstration of the increasing relevance of its work and its reach, three new members joined the Global Forum in 2016 – Guyana, Chad and Maldives. For further information, journalists should contact Monica Bhatia, Head of the Global Forum Secretariat (+33 1 6 10 14 04 22) or the OECD Media Office (+33 1 4524 9700). Compliments OECD.org
Bilateral Investment Treaties
Barbados' Bilateral Investment Treaties provide opportunities for companies and individuals seeking comparative advantages in the global marketplace. These treaties encourage trade and investment activities, provide incentives for businesses and promote business contracts.
For in-depth details about registering your company in Barbados or forms not listed here, please visitBarbados' Corporate Affairs and Intellectual Property Office online
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