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| Additional information |
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| Amicorp Barbados Ltd. |
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Profile:
The Barbados International Business Company ('IBC') is similar to that of the British Virgin Island and is regulated by a modern, flexible governing body. Barbadian Foreign Sales Corporations (FSC) are popular with US companies as they receive a permanent 15% tax exemption on their export profits. Since 1985 more than 5,000 exporters have established a FSC, which is today the principal U.S. export tax incentive. Barbadian companies are also often used to hold real estate investment made in the People's Republic of China. The structures main benefits include a Chinese and Barbadian capital gain tax exemption on the sale of the shares of a Chinese company holding the real estate investment. Features of the IBC include: Flexibility to conduct most business activities; Company redomiciliation permitted; No minimum capital requirements; 'No par value' shares may be issued; Multiple classes of such shares may be issued; Director(s) may be non-resident natural persons or Barbados corporations; Shareholders information is not available to third parties; Incorporation can be completed in a few days |
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Overview:
The international business company (IBC) is Barbados's most popular entity and is widely used as an investment, trading and asset protection vehicle. With an exceptionally low corporate income tax rate of between 1.0 to 2.5%, depending on the IBC’s income level, this entity offers investors a host of advantages. Among these are quick incorporation, transfer tax exemptions, no withholding tax on distributions, business flexibility, no minimum capital requirement, and many more.
Other Barbadian entities and services that offer significant benefits include:
Barbados segregated cell companies (SCCs);
International trusts and licensed trustee trusts;
Exempt insurance companies (captive insurance);
Barbados societies or international societies with restricted liability (SRLs / ISRLs);
Barbados domestic companies;
Registration of an external company;
Registration of a franchise;
Company re-domiciliation (continuance);
Mutual funds
Barbados offers clients access to a large network of 24 double income taxation treaties with the following countries:
Austria, Botswana, Canada, CARICOM, Cuba, Finland, Luxembourg, Malta, Mauritius, Mexico, Norway, Panama, People’s Republic of China, Seychelles, Spain, Sweden, Switzerland, the Netherlands, the United Kingdom, the United States, and Venezuela. Treaties with Portugal and Ghana have been signed and are awaiting ratification.
Amicorp Barbados also provides various trust and financial services through Amicorp Bank and Trust Limited, incorporated in Barbados as an international bank and regulated by the Central Bank of Barbados. (Further information available at www.amicorpbank.com)
For more information about structuring through Barbados and the services of Amicorp’s Barbados office, please see the specialized Amicorp brochure.
Languages spoken: English and Spanish |
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