Source-cited draft: company formation & entity choice for Barbados (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
General reference only
This skill is general tax/accounting reference material for AI-assisted workflows. It has not been reviewed for your personal facts, documents, elections, deadlines, residency, filing status, or local procedures. Do not rely on it to file, pay, amend, or take a tax position without review by a qualified professional in the relevant jurisdiction.
Source-cited draft. This skill is source-cited but has not been reviewed by a licensed practitioner. It may be incomplete, outdated, or wrong.
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| Company formation and compliance | Companies in Barbados are incorporated under the Companies Act, Cap. 308 and registered with the Corporate Affairs and Intellectual Property Office (CAIPO). There is no statutory minimum share capital for an ordinary company. | |
| Registry / incorporating authority | Corporate Affairs and Intellectual Property Office (CAIPO)Companies Act, Cap. 308 | |
| Regular Barbados Company (RBC) | Company limited by shares incorporated under the Companies Act; most common operating entityCompanies Act, Cap. 308 | |
| Society with Restricted Liability (SRL) | Hybrid entity governed by the Societies with Restricted Liability Act, with quotas instead of sharesSocieties with Restricted Liability Act, Cap. 318B | |
| External (branch) company | Foreign company registered to carry on business in BarbadosCompanies Act, Cap. 308 | |
| Minimum share capital | No statutory minimum for an ordinary company limited by sharesCompanies Act, Cap. 308 | |
| Incorporation filing fee | BBD 750 (plus BBD 30 for name reservation) |
Companies in Barbados are incorporated under the Companies Act, Cap. 308 and registered with the Corporate Affairs and Intellectual Property Office (CAIPO). There is no statutory minimum share capital for an ordinary company.
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Other Barbados computations in the OpenAccountants library.
| External company registration fee | BBD 3,000Companies Act, Cap. 308 (fees regulations) |
| Incorporation timeline | Approximately 5 business days once documents are in order; full setup typically 3-4 weeksCompanies Act, Cap. 308 |
| Core incorporation steps | Reserve name, file Articles of Incorporation with CAIPO, appoint directors and registered office, obtain Certificate of Incorporation, register with BRA for tax/VAT and NISCompanies Act, Cap. 308 |
| Annual return | Companies must file an annual return with CAIPO each year to remain in good standingCompanies Act, Cap. 308 |
| Annual tax compliance | File corporation tax return and economic substance / country-by-country filings where applicable, and remit monthly tax prepaymentsIncome Tax Act, Cap. 73; Companies (Economic Substance) Act |
Rendered from the facts database. General reference only — confirm with a qualified professional before acting.
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