An International Business Company (IBC) is defined as a corporation that:
- Is resident in Barbados
- Carries on a trade of buying or selling goods and services that exist outside of, and do not orignate in, Barbados.
- Carries on a trade of selling services to non-Barbadian residents
- Carries on a trade of manufacturing products exclusively for export outside of Barbados.
- Is licensed under the International Business Companies Act, Cap. 77.
IBC's must incorporate in Barbados under the Companies Act, Cap. 308, which is modelled on the Canada Business Corporations Act.
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