International Banks

Here are some of the key incentives and requirements that apply to an International Bank:

  • Tax on income on a sliding scale, from a maximum of 2.5% to a minimum of 1%.
  • A tax credit in respect of taxes paid outside of Barbados, but only insofar as it reduces the tax payable in Barbados to a minimum of 1%.
  • Exemption from withholding taxes on dividends, payments of interest or fees.
  • No capital gains tax or estate duty.
  • Freedom from exchnage control regulations.
  • Provisions for inward and outward re-domiciliation.
  • Access to the country's tax treaty network.

For further information, click on the download link.