Fast Facts Guide The Business Barbados
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The Business Barbados
Fast Facts GuideThe Business Barbados Fast Facts Guide
ABOUT BARBADOS FACTS AT A GLANCE
Location Land Area 431Km/166sq. miles
Barbados, the most easterly of the Caribbean islands, is located to
the east of the Windward islands and 460 km (285.7 miles) Population (July 2015 est.) 290,604
northwest of Venezuela. By air it is about 4.5 hours from New York, Time Zone EST +1/0; GMT-4/ -5 *
5 hours from Toronto and 8 hours from London. The island’s
geographic location makes it very convenient for doing business Capital City Bridgetown
with North America. Currency Barbadian Dollar
Climate and Geography Language English
The topography is relatively flat and composed mostly of coral. The Literacy 99.7%
highest point on the island is Mount Hillaby, at 336 km or (1,104 ft)
above sea level. Barbados has lovely sandy beaches and a pleasant Life Expectancy at Birth (years) 75.3
tropical climate that attracts visitors and investors alike. The Country Phone Code 246
average daytime temperature ranges between 80-85 degrees
Fahrenheit (27-29 degrees Celsius). Barbados has used these Unemployment (Q4 2014) 11.5 %
resources effectively to develop a viable tourist industry, which now Labour Force (Q2 2014) 142.4 (‘000)
serves as the base for a stable and buoyant economy.
Exchange Rate (BB$ to US$) 2:1
THE GOVERNMENT Major Industries Tourism, Financial Services,
Agriculture, Light manufacturing
Settled in 1627 by the British, Barbados remained a British colony
Principal Exports Tourism, Financial Services,
until its independence on November 30, 1966. A member of the Sugar, Rum, Chemicals,
British Commonwealth, Barbados’ constitution is based on the Electrical Components
British style of parliamentary democracy, with elections being held
Principal Imports Machinery, Food and Beverages,
every five years. The island has one of the oldest Westminster style Construction Materials
Parliaments in the western hemisphere, which has been in Major Trading Partners USA, Canada, Caricom**, Japan, UK
existence for 376 years. Barbados has two houses of Parliament, a
Senate and a House of Assembly. The Governor General, who
*Barbados is in the same time zone as North America and four hours behind the U.K. and
represents the British Monarch, is Head of State while executive the rest of Western Europe when there is no observance of Daylight Savings Time.
authority is vested in the Prime Minister and Cabinet who are
**Barbados is a founding member of the Caribbean Community and Common Market
collectively responsible to Parliament. (CARICOM). Other member States are Antigua and Barbuda, The Bahamas, Belize,
Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts-Nevis, St. Lucia, St. Vincent &
LEGAL SYSTEM the Grenadines, Suriname, Trinidad & Tobago and Haiti (July 2002).
The legal system is derived from English common law and statutes. Source: Barbados Statistical Service, Digest of Educational Statistics 1995-1999 compiled
The courts administer the laws of Barbados, which consist solely by Planning, Research & Development Unit, Ministry of Education, The World Fact Book.
of local legislation. The judicial system comprises a lower
Magistrates court and the Supreme Court, which includes a Court 3.2% European, 2.6% of mixed race and 1% East Indian. The
of Appeal and a High Court. The Attorney General is responsible for population density is high, with 85% of the population living in
the administration of the legal and judicial system. In February of urban areas.
2001, the Heads of Government of the Caribbean Community signed Barbados’ high standard of education has produced an easily
an agreement to form a Caribbean Court of Justice (CCJ). The trained workforce, with an adequate supply of professional as well
inauguration ceremony took place on April 16, 2005. At present, as skilled and unskilled labour. The labour force is estimated at
final appeal from Barbadian courts is to the CCJ, which is based in 145,100. The Barbados Statistical Service report for2015 indicates
Trinidad. Prior to 2005, final appeal was to the Privy Council in an approximate annual unemployment rate of 12% for the first
England. quarter of the year..
The weekly working hours for office personnel vary between 35
POPULATION AND LABOUR FORCE to 40 hours, while a 40-hour week is normal for manual workers.
The resident population of Barbados is estimated at approximately Work undertaken in excess of the basic workweek and during public
274 thousand. The ethnic mix consists of 93% of African descent, holidays normally attracts premium rates of pay.
172 • businessbarbados.comThe Business Barbados Fast Facts Guide
Several pieces of legislation are in place to govern labour four weeks after the fifth year of steady employment.
relations including the Employment Rights Act, the Severance
Payments Act and the Holidays With Pay Act. The National Insurance The 2016 Public Holidays
and Social Security Act provides medical assistance for employees • New Year's Day - January 1
in the event of illness, maternity leave and accidents. It also makes • Errol Barrow Day - January 21
provision for unemployment, disability and pension benefits. For • Good Friday - March 25
further information visit www.nis.gov.bb. • Easter Monday - March 28
The labour movement is represented by four major unions. There • National Heroes Day - April 28
have been few work stoppages in recent years, primarily due to the • Labour Day - May 2
existence of good labour relations. • Whit Monday - May 16
Barbados has twelve paid public holidays. In addition, all • Kadooment Day - August 1
workers have a statutory right to twelve weeks of maternity leave • Emancipation Day - August 2
and three weeks of annual vacation with pay, which increases to • Independence Day - November 30
• Christmas Day - December 25
Employment by Major Industrial Division • Boxing Day - December 26
INDUSTRY 2013 2014 • Public Holiday - December 27
(‘000’) (‘000’)
SOCIAL SERVICES
Agriculture, Forestry & Fishing 3.4 3.4
Education
Construction, Mining & Quarrying 12.1 12.0 The Barbados educational system is modeled after the British
system and is considered to provide one of the highest standards
Manufacturing 9 9.5 of education in the English Caribbean. The educational system
ranges from pre-school to university. School is compulsory up to
Electricity, Gas, Steam, Water & Air 2.8 2.4
Conditioning Supply age 16 and government schools are free at the primary and
secondary levels. Educational institutions at the post secondary
Wholesale & Retail Trade 20.5 21.2 level include colleges, a university, vocational and technical training
schools. There are also special schools for the mentally and
Transport & Storage 6.6 5.7
physically disabled.
Accomodation & Food Services 13.3 15.4
Health
Finance & Insurance 5.8 5.7 Barbados is recognised as having the most modern medical
Professional, Scientific & Technical Services 4.2 4.2
facilities in the Eastern Caribbean. The life expectancy at birth is 73
years for males and 77.8 years for females.
Administrative & Support Service 6.3 7.2 Medical services are provided by two major hospitals and several
well-equipped clinics, health centres and nursing homes. The
Public Administration & Defence 11.6 8.7 government-run 600 bed Queen Elizabeth Hospital provides several
Education 7.5 7.2 specialist services along with a 24-hour casualty service. The
second major hospital, Bayview Hospital, is a private health facility
Human Health & Social Work 6.3 6.6 that also provides a variety of medical services.
Other Services 4.9 3.5
Queen Elizabeth Hospital - (246) 436-6450
Activities of Households as Employers 5.2 5.0 BayView Hospital - (246) 436-5446 or (246) 431-9182
Island Care Ambulance - (246) 435-9425
Other Groups 6.7 7.0
THE ECONOMY
Not Stated 0.0 0.0
Barbados has a market-based economy with both the private and
Total 126.3 124.8 public sectors actively involved in determining the goods and
services made available to consumers. The Barbadian economy has
Source: Barbados Statistical Service
diversified over the last five decades, with emphasis shifting from
agriculture towards the provision of services. The economy is drivenThe Business Barbados Fast Facts Guide
SELECT ECONOMIC INDICATORS Total Number of International Businesses
2010 2011 2012 2013 2014(P) Entity 2011 2012 2013 2014P
GDP at Market Prices (BB $M) 8,891.3R 8,716.1R 8,626.4R 8,561.8R 8,705.4 Entities Renewed
International Business Companies
Real GDP Growth (%) 0.3 0.8 0.0 0.2 0.0 2,785 2,863 2,932 2,504
(IBCs)
International Societies with
GDP per Capita (000s) 28.3R 28.3R 27.6R 27.0R 26.5 319 321 316 268
Restricted Liability (ISRLs)
Inflation Rate(%) 5.8 9.4 4.5 1.8 1.9 Foreign Sales Corporations (FSCs) 21 19 10 15
Total Exports (BB $M) 861.4 1,016.9 1,150.3 935.2 948.8 Offshore Banks 45 45 45 36
Total Imports (CIF) (BB $M) 3,177.6 3,552.8 3,522.4 3,538.6 3,478.4 Entities Licensed
International Business Companies
Services (Net) 1,782.3 1,320.4 1,282.6 1,412.6 1,406.3 511 393 438 442
(IBCs)
of which Tourism 1,926.5 1,783.0 1,745.9 1,836.6 1,810.0
International Societies with 28 27 30 30
Restricted Liability (ISRLs)
External Debt Service Ratio (%) 15.5 9.8 8.2 8.8 9.1
International Trust (ITs) 15 78 51 46
Net International Reserves (BB $M) 2,013.5R 2,527.4R 2,910.8R 2,939.8R 2,364.9
Exempt Insurance Companies 21 8 0 14
(EICs)
Source: Central Bank of Barbados; Barbados Statistical Service Exempt Insurance Management 2 4 0 2
Companies (EIMCs)
primarily by the following sectors; tourism, business, financial and general 2 1 0 2
Offshore Banks
services, agriculture and manufacturing.
Source: International Business Division, Financial Services Commission &
Central Bank of Barbados
PRIMARY SECTORS
Tourism Arrivals (excluding cruise ship arrivals)
Tourism
Tourism provides the main source of foreign exchange, economic activity and Jan - Dec
employment. The major elements of Barbados’ tourism product are its solid Country of Actual %
Residence 2013 2014P Change Change
historical and cultural legacy, varied entertainment and its natural physical
attributes. The four major markets for the Barbados tourist industry are the UK 168,733 186,823 18,091 10.7
UK, USA, Continental Europe and Canada. USA 120,584 118,508 -2,075 -1.7
Accommodation facilities in Barbados include a wide range of hotels,
Canada 67,295 65,813 -1,480 -2.2
apartments, luxury villas, cottages and beach houses. Barbados receives just
over one million visitors per year, with cruise ship arrivals narrowly Germany 10,300 11,992 1,692 16.4
surpassing long-stay arrivals in recent years. For 2015, arrivals from the UK
Other Europe 30,765 32,744 1,980 6.4
have increased by 13.2%, while airlift from the US and Canada increased by
27.9 percent and 18.6 percent respectively. The Port Authority has invested Trinidad & Tobago 31,614 27,915 -3,699 -11.7
in a dredging exercise to facilitate mega cruise liners, which has expanded Other Caricom 55,681 50,815 -4,865 -8.7
its berthing capacity and the potential to earn more foreign exchange.
Other Countries 23,548 24,988 1,440 6.1
International Business and Financial Services Total 508,520 519,598 11,084 2.2
Low tax rates, double taxation agreements and exchange of information
Source: Barbados Statistical Service
treaties, have provided Barbados with an ideal environment for its
development into a major international business and financial services Cruise Passenger Arrivals for 2013 and 2014
centre. The key components of this sector are the banking and financial
Jan - Dec
institutions and offshore businesses. Actual %
2013 2014P Change Change
Manufacturing Arrivals 570,263 557,898 -12,365 -2.2
The manufacturing sector comprises mainly of light industry which includes 118,932 13,969 13.3
Landed Passengers 104,963
the production of cement blocks, clay tiles, garments and textiles, paint,
No. of Cruise Calls* 374 395 21 5.6
paper products, furniture, electronic components, chemicals, edible oils,
soap and food products. Source: Barbados Statistical Service. *Previously referred to as No. of Vessels.
174 • businessbarbados.comThe Business Barbados Fast Facts Guide
Manufacturing enterprises involved in the production of an A company wishing to be listed on the exchange must meet
“approved product” are entitled to special incentives under the certain criteria established by the Exchange, after which it must
Fiscal Incentives Act on approval of their application by the Ministry submit a prospectus compliant with both the Companies and
of Finance and Economic Affairs. Tax holidays are granted according Securities legislation of Barbados for review. A new Securities Act
to the percentage of local value added to the item being was passed in 2001 in order to facilitate the establishment of a
manufactured. Enterprises considered to be highly capital intensive securities commission and it makes better provision for the
with an investment of BB$25m (US$12.5m) or higher may be regulation of the securities market, the capital market and
eligible for up to 20 years tax holiday. Companies involved in investors.
manufacturing exclusively for export outside of Barbados can Currently there are 22 listed securities (23 companies) on the
qualify for benefits as an International Business Company (IBC) or Barbados Stock Exchange including 4 cross-listed securities
International Society with Restricted Liability (ISRL). These benefits belonging to issuers from within CARICOM. 4 mutual funds are also
include a tax rate ranging from 2.5% down to 0.25%. In addition to traded on the Exchange, 4 of which are on the Junior Market
the low tax rates these benefits include exemption from exchange launched in October of 1999. The Securities Exchanges of Barbados,
controls and the duty free import of plant machinery, equipment Trinidad & Tobago and Jamaica work closely together and nationals
and raw materials used in the manufacturing process. are eligible to cross trade in each market.
Agriculture Mutual Funds
Sugar continues to be the principal agricultural product. Most of Mutual funds in Barbados are governed by the Mutual Funds Act of
the sugar produced is sold to the European Community at a 2002. The Act stipulates that authorised Mutual Fund operators
guaranteed price. Other products from this sector include root require a licence to operate in Barbados and must have a registered
crops, vegetables, dairy products, chicken and fish. office in Barbados.
THE FINANCIAL SECTOR The Financial Services Commission is responsible for the regulation
The Central Bank of Barbados is the main regulatory financial domiciled in Barbados. Exempt or foreign mutual funds can conduct
institution in Barbados, and is responsible for formulating, in business in Barbados provided they are licensed with the Financial
association with Government, monetary and fiscal policies to assist Services Commission and have paid an annual registration fee. The
with local economic development. minimum number of shares that can be purchased is BB$100
Barbados has taken advantage of the expansion in international (US$50) or its equivalent in any currency. Local investors are also
business, in particular the financial services sector that is now the exempt from stamp duty and property transfer tax with respect to
country’s second major foreign exchange earner. Adequate transactions involving the ownership or transfer of shares.
telecommunications infrastructure, a well-trained and English-
speaking workforce, and a stable political environment give the Exchange Control
country an additional advantage over other, similar destinations. The Government has a liberal policy toward foreign exchange
Barbados has also done well from the increased scrutiny and controls and is committed to moving towards the elimination of all
regulation of financial services by international organizations such foreign exchange controls. The Exchange Control Act of Barbados
as the Organization of Economic Cooperation and Development provides for:
(OECD). • Registration and repatriation of foreign investment
In addition to the above, a number of key factors help keep • Remittance of dividends, profits, interest and rentals from real
Barbados relatable to the North American market, thereby estate to non-residents
increasing opportunities to drive capital into the country. These • Transfer of land and buildings situated in Barbados
include an exchange rate tied to the U.S dollar, and a roster of daily
flights to key North American business centers including Miami, It is possible to buy foreign currency directly from the commercial
New York and Toronto. banks however the Government, through the Central Bank, has
imposed limits on the amount of foreign transactions available to
The Stock Exchange residents and non-residents. Residents are allowed US$3,750 for
The Barbados Securities Exchange was established in June 1987 in personal travel, and for business travel US$25,000. Foreign
order to create a market to promote trading in financial securities nationals working in Barbados (who are not classified as residents)
and to encourage investment by the public in business enterprises. may operate an external account, which can be credited with
Since 2001 this organization became known as the Barbados Stock foreign currency from specific sources.
Exchange.The Business Barbados Fast Facts Guide
Corporate Law with all conditions.
The Barbados Companies Act, which came into effect in 1985, is Benefits of the IBC Act along with other relevant features are:
modelled on the Canada Business Corporations Act. The procedure • Tax on income on a sliding scale, from a maximum of 2.5% to a
for incorporating a company is simple and efficient. A company can minimum of 0.25%
be established by either residents or non-residents without a • Exemption from all withholding taxes
license or other authorisation, unless one is seeking to obtain • No capital gains tax or estate duty
certain benefits as an Exempt Insurance Company or as an Offshore • Tax credit in respect of taxes paid outside of Barbados is
or International Bank. International banks are now referred to as allowable but only insofar as it does not reduce the tax payable
“Licensees” under the International Financial Services Act. There is in Barbados to less than 0.25%
a minimum of one director required. The names and addresses of • Freedom from exchange control
the directors must be filed at the Corporate Registry. There is no • Audited financial statements, where required, must be filed with
limit on the amount of authorised share capital and shares are the Ministry
without par value. A company can carry on any type of legal activity, • Tax concessions for specially qualified persons
unless its articles of incorporation specifically provide otherwise. • Bearer shares are not permitted
• An IBC can keep books and records in a foreign currency
INCENTIVES FOR INTERNATIONAL BUSINESSES • Imports of equipment and machinery free of customs duty,
The Government has established a separate Ministry to facilitate consumption tax and stamp duties
the development and expansion of the international business • May apply for a guarantee that all or any of the benefits and
sector. Several concessions have been granted to entities carrying exemptions in the Act will be valid for 15 years
on international business from Barbados. These include a reduced • An IBC, which is solely owned by an Offshore Trust under the
tax rate of between 2.5% and 0.25%, exemption from withholding management of a licensed Barbados International Bank, is
tax on dividends, interest, royalties or other income paid to non- exempt from tax if its activities are restricted to buying, holding
residents and exchange controls. Additionally, a percentage of the or managing securities.
remuneration of qualified foreign employees working in IBCs,
International Banks, International Societies with Restricted Exempt Insurance Act
Liability, Qualifying Insurance Companies and Exempt Insurance The Barbados Exempt Insurance Act (1983) states that for a
Companies can be paid free of Barbadian income tax and in any company to qualify as an Exempt Insurance Company it must be
foreign currency as follows : incorporated or registered in Barbados with a minimum capital of
(a) on amounts not exceeding $150 000 – 35% BB$250,000 (US$ 125,000), and at least one of its directors must
(b) on amounts exceeding $150,000 but not exceeding $500,000 – be a resident citizen of Barbados. Exempt Insurance Companies
50% cannot insure risks originating in Barbados or risks of local
(c) on amounts not exceeding $500,000 – 60% residents. Exempt Insurance companies are taxed on their profits
at the rate of 0% for the first 15 years and thereafter 8% on the first
International Business Companies BB$250,000 (US$125,000) of profits. They are exempt from
The International Business Companies Act of 1991 defines an withholding tax and exchange control restrictions. Tax concessions
International Business Company (IBC) as a company that carries on are made for specially qualified persons and convention expenses
business in international manufacturing, international trade and are allowed by US authorities. There is an application fee of BB$500
commerce from within Barbados. (US$250) for an Exempt Insurance Company, and an annual licence
All companies wishing to operate as IBCs must obtain a licence fee of BB$20,000 (US$10,000).
from the Ministry of International Business and International
Transport. On application, there is a fee of US$125 and a license Qualifying Insurance Companies
fee of US$500. The license is valid indefinitely but must be renewed A 1998 legislative enactment allows companies involved in
annually at a fee of US$500. A company ceasing to transact international insurance business to register under the domestic
business as an IBC or ceasing to satisfy the requirements of the Act insurance legislation as Qualifying Insurance Companies (QIC) on
must notify the Minister in writing. the condition that at least 90% of its premiums originate outside
In order to operate an IBC in Barbados, the IBC must be Barbados and at least 90% of its risks insured are located outside
incorporated or registered in Barbados. In addition, the company CARICOM. A maximum tax credit of 93% is available to a QIC where
must be financially capable of carrying out the business and comply premiums originate outside of CARICOM. As a result, a QIC is
176 • businessbarbados.comThe Business Barbados Fast Facts Guide
entitled to the benefit of a low effective rate of tax (generally 1.75%) International Banks
in respect of general insurance business and 0.35% in respect of The International Financial Services Act 2002-5 replaced the
life insurance business after deduction of the foreign currency Offshore Banking Act Cap 325 in June 2002. The new Act governs
earnings allowance. QICs are also entitled to exemptions from and regulates the activities of the International Banks, providing
withholding taxes and exchange control. Personal tax concessions tax and other incentives for international banking business
are also available for specially qualified employees. Unlike exempt conducted from Barbados.
insurance companies, a QIC can be owned by residents of Barbados In order to establish an international bank in Barbados, details
and can insure a certain amount of local risk. QICs must pay an of the proposed bank must first be submitted to the Central Bank
annual fee of BB$20,000 (US$10,000). of Barbados for approval. Approval must be sought from the
Ministry of Finance prior to the incorporation of a company. A
International Trusts Act company must have a licence before engaging in banking business.
The International Trusts Act allows trusts to be created by non- Applications for a licence are submitted to the Central Bank who
residents for the benefit of non-residents. There are no minimum may issue the licence, subject to the approval of the Minister of
capital requirements for Barbados Trusts and they can be either of Finance. A licence to operate is issued only to suitably qualified
fixed interest or discretionary. An International Trust is taxed at a applicants. Licences are under the control and oversight of the
maximum of 33.5% on its profits earned in, or remitted to Barbados Central Bank of Barbados. International Banks are subject to audit
but there are no withholding taxes on payments to non-resident and income tax on a sliding scale of 2.5% - 0.25%. Non-deposit
beneficiaries. taking International Banks are subject to an annual licence fee of
BB$50,000 (US$25000), whereas deposit taking International
An International Trust must satisfy the following conditions: Banks must pay an annual licence fee of BB$100,000 (US$50,000).
• The Trust deed must specify that the International Trusts Act
applies The International Financial Services Act provides that dividends,
• At least one trustee must be a resident of Barbados royalties, interest, foreign securities funds, gains and assets
• Settler and the beneficiaries must be non-residents of Barbados generated or managed by a licensee are automatically exempt from
• The assets of the trust cannot include Barbados real estate. the provisions of the Exchange Control Act.
Summary of Major Incentives in the Financial Services Sector
Exempt Licensee-
Insurance IBC Int’l Fin. Int’l SRLs Int’l Trusts
Companies Scvs. Act
16 and 33.5% on
1. Tax rates 0% 2.5 down to 0.25% 2.5 down to 0.25% 2.5 down to 0.25%
income remitted
2. Withholding tax on: Dividends No No No No No
Interest No No No No No
Royalties - No No No No
3. License required yes yes yes Yes No
4. Exemption from exchange controls yes yes yes Yes Yes
5. Exemption from duties on imports No yes yes Yes No
6. Required to file financial statements with
yes yes yes Yes No
regulatory agency
7. Financial statements open to public scrutiny No No No No No
8. Exemption from taxes & duties on sale of
yes yes Yes Yes (in practice) -
securities or assets
No
9. Incorporation in Barbados required No No No N/A
10. Local Director required No No Yes No N/AThe Business Barbados Fast Facts Guide
Societies with Restricted Liability Act generous incentives for investors.
The Societies with Restricted Liability Act 1995 was designed to
favourably position Barbados in yet another niche market for Incentives include:
international financial services. An entity formed under the • A special tax rate of 2.5% down to 0.25% on the profits of
Societies with Restricted Liability (SRL) Act possesses the flexibility Information Services companies (under the IBC Act)
to be treated as a corporation, a partnership or a disregarded entity • Full exemption from import duties on production-related
for US tax purposes. A SRL can be formed either as an international equipment such as computers
society or a regular society. International SRLs are used mainly for • Full and unrestricted repatriation of capital, profits and dividends
international transactions and are prohibited from acquiring or • Rental of subsidised office space
holding land other than land leased for business purposes. • Training grants to subsidise worker training
A SRL has the characteristics set out below: TAXATION
• Limited liability Companies and individuals who are resident and domiciled in
• Perpetual duration Barbados for tax purposes are subject to income tax on their
• The rights, powers and privileges of an individual worldwide income whether or not the income is remitted to
• Stipulation that the transfer of quotas in a society will not confer Barbados. Individuals who are resident but not domiciled in
on the transferee the right to become a member or participate in Barbados are taxed on their income derived from Barbados and on
the management of the society without the written consent of all any overseas income remitted to Barbados. Non-residents are taxed
the members. only on income derived from Barbados. Individuals are subject to
income tax at the rate of 16% on taxable income up to and including
An International SRL has the following benefits: $35,000 and a rate of 33.5% on taxable income above $35,000.
• Tax on income on a sliding scale, from a maximum of 2.5% to a Individuals earn the first BB$25,000.00 (US$12,500.00) of their
minimum of 0.25% annual income tax free.
• Exemption from withholding taxes on dividends and interest
payment There are no capital gains taxes levied in Barbados. Gift tax and
• Tax credit in respect of taxes paid outside of Barbados, in so far inheritance tax are not applicable. Property transfer tax applies to
as it does not reduce tax payable to below 0.25% the transfer of property situated in Barbados. This includes real
• Re-domiciliation provisions estate as well as certain leasehold interests and shares.
• No capital gains tax Corporations are taxed on their profits at an annual rate of 25%.
• Exemption from all import duties on machinery or equipment for
use in its business Value Added Tax (VAT)
• Freedom from exchange control. Barbados introduced a value-added tax on January 1, 1997.
Generally, value-added tax is levied on all goods and services
Criteria for operation of an International SRL produced in Barbados and on goods imported into Barbados at a
The International SRL must be organized in Barbados and is rate of 17.5%. However, there is provision for specific zero-rated and
required to have and continuously maintain a registered office and exempt goods and services that would not attract the value-added
agent in Barbados. tax. VAT is included in the final price the consumer pays for goods
and services. Hotel accommodation enjoys a lower VAT rate of 7.5%.
Information Services
Barbados is one of the leading centres in the Caribbean for DOUBLE TAXATION/INVESTMENT TREATIES
international information services, with several major firms having Barbados has entered into double taxation treaties as indicated in
established subsidiaries on the Island. The sector is active in the the table below.
areas of data processing, software development and the The double taxation treaty with Ghana has not yet been ratified.
management of database and financial records. The industry is Countries indicate with an asterisk (*) above are also signatories of
made up of a variety of companies ranging from large facilities to a Bilateral Investment Protection Treaty with Barbados. This
small sophisticated software development companies. combination of double taxation,investment treaties and tax
incentives makes Barbados unique within the Caribbean and
The Government of Barbados is favourably disposed towards particularly attractive to foreign investors.
foreign investment in the Information Services Sector and provides
178 • businessbarbados.comThe Business Barbados Fast Facts Guide
Rates For Applicable Taxes
Austria Finland Norway Sweden
Tax Rate
Bahrain Ghana Panama Switzerland
United Corporation Income Tax 25%
Botswana Iceland Portugal
Kingdom*
Personal Income Tax 16 and 33.5%
Canada* Luxembourg Qatar United States*
Withholding Taxes 15% and 25%
CARICOM+ Malta San Marino Venezuela*
Property Transfer Tax (payable on Vendor - 2.5%
China* Mauritius* Seychelles transfer of shares and real
property in Barbados)
Cuba* Mexico Singapore
Value Added Tax
Czech
Netherlands Spain
Republic Standard Rated Goods and 17.5%
Services
Provisions of Bilateral Investment Protection treaties: Select Food Items 0%
• Investment promotion and protection
• Provision of compensation for losses Hotel Accommodation (inc. Inns & 7.5%
Guest Houses)
• The granting of most-favoured nation and national treatment
provisions Supplies related to tourism 7.5%
• Protection from unfair expropriation and nationalisation of
investment Supply of Financial Services Exempt
• Procedures for the fair and equitable settlement of disputes
Sale, Transfer or Disposition of Exempt
arising Real Property
• Procedures for the timely repatriation of investment and returns
• Procedures for prompt transfer of funds Leases of Real Property for over 25 Exempt
years and Residential Leases
• Subrogation.
Exports 0%
TRADING PARTNERS
Special trading arrangements have been entered into with other Supply of Services to Non- 0%
Residents
jurisdictions. These can be summarised as follows:
Goods imported by Entities 0%
operating in the International
Financial Services Sector
CARICOM
Tax Rates Applicable to Taxable Income for 2015 Allows products manufactured in Barbados and other CARICOM
member states to be exported among member countries free of
Taxable Income Tax on lower Rate on
amount Excess customs duty, provided all qualifying conditions are met. In
Exceeding Not Exceeding addition, CARICOM has already signed or is currently negotiating
trade agreements with the Bahamas, Colombia, Costa Rica, Cuba,
BB$0 BB$35,000 BB$0 16% Dominican Republic, and Venezuela.
BB$35,000 - BB$6,125 33.5%
* Also bilateral investment treaties
+ CARICOM member states are Antigua & Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Montserrat, St. Kitts & Nevis, St. Lucia, St. Vincent and the Grenadines,
Suriname and Trinidad & Tobago.The Business Barbados Fast Facts Guide
Economic Partnership Agreement (EPA) UTILITIES
Among other things this agreement removes all quotas and tariffs Electricity
from Caribbean exports to the EU, with the exception of sugar and Barbados has a reliable supply of electricity with rates being among
rice, both of which will be liberalized over time. The EU has also the lowest in the Caribbean. The domestic and commercial supply
agreed to open up new markets for Caribbean companies and voltage in major residential areas and in all new developments is
professionals offering services to Europe, and to permit young 115/230 volts 50Hz. In Bridgetown and some other areas, the
services professionals to gain work experience in the European supply voltage is 115/200Hz.
market.
Caribbean countries which are signatory to the agreement have Water
agreed to gradually open their markets to European exports over The Barbados Water Authority, a Government statutory corporation,
the next 25 years. is the sole provider of water services. Water service can be
connected within 48 to 72 hours. A monthly payment for continued
Caribbean Basin Trade Partnership Act (CBTPA) service is based on the meter system. The water service in
Duty free export of some products to the USA market. Barbados is reliable and tap water is safe to drink.
CaribCan (Caribbean-Canada) Telecommunications
Duty free export of some products from the Commonwealth Barbados is equipped with a modern telecommunications
Caribbean into the Canadian market. infrastructure with the latest in digital technology and fibre optics
systems including international direct dialing, facsimile transfer
SHIPPING and satellite telecommunications which allows for the efficient
The Shipping Incentives Act, of 1982, provides concessions to transmission of electronic data. Internet and e-mail services as well
shipping companies engaged in the operation of passenger as express mail and courier delivery are also available.
carrying ships, leasing of ships, shipbuilding, maintenance or Local cell-phone operators are divisions of international
repair. The concessions include a 10 year exemption from tax and telecommunications providers with service offerings that the
customs duties on all materials connected with the company’s international business traveler has come to expect, such as the
shipping activities. ability to easily roam and the availability of high-speed 3G and 4G
data networks island-wide. The International direct distance dialing
REAL ESTATE code for Barbados is (1-246), followed by a seven digit local
Buying and selling property in Barbados number.
There is no restriction on the purchase of property in Barbados by
persons who are not citizens or permanent residents, but non- TRANSPORTATION FACILITIES
residents must ensure that all funds for the purchase of real estate Roads
are available from external sources. These funds must be registered Barbados has an extensive road system of about 1,475 km of paved
with the Central Bank of Barbados and the permission of the roads that have undergone major improvement in recent years. A
Exchange Control Authority obtained for the sale or purchase of highway links the north and south of the island.
property by a non-resident whether such non-resident is a
Barbadian citizen or not Airport
The sale of property by all persons including citizens or permanent The Grantley Adams International Airport, located about 15 minutes
residents is subject to a property transfer tax of 2.5% plus from the capital city Bridgetown, plays an important role as a vital
approximately 1% stamp duty. However, the first BB$125,000 centre and link for international air traffic in the Eastern Caribbean.
(US$62,500) of the sale proceeds is exempt from Property Transfer The main passenger terminal handles in excess of 1.6 million
Tax provided that there is a building on the property. Attorney’s fees passengers each year and has been upgraded to accommodate
for both the seller and the purchaser are approximately 1.5% to 2% increases in traffic.
of the sale price. The real estate agent’s commission fees are
normally 5% of the sale. Both fees are subject to 17.5% VAT Seaport
A deposit of 10% is typically due upon the signing of the purchase Barbados has one of the most modern ports in the Caribbean with
agreement with the balance payable on completion of the purchase. both a deep-water harbour and a shallow draught facility. There are
regular freight sailings to North America, Europe and the Caribbean.
The Bridgetown port is well equipped with container-handling and
180 • businessbarbados.comThe Business Barbados Fast Facts Guide
berth facilities for ocean-going freighters and passenger vessels, SOURCES
including major luxury liners and has undergone recent upgrading Barbados Hotel & Tourism Association
to expand its berth and customs facilities. The port has won awards www.bhta.org
for the most improved port facility and the most receptive
destination. Barbados Statistical Service
www.barstats.gov.bb
INTERNATIONAL FLIGHTS TO BARBADOS
There are non-stop daily scheduled airline services to major Barbados Stock Exchange
business hubs including New York, Miami, Toronto, London and the www.bse.com.bb
Caribbean islands. There are also regular non-stop scheduled
airline services to other major markets including Frankfurt, Barbados Tourism Authority
Charlotte, and Sao Paulo. Airlines flying to Barbados include www.visitbarbados.org
American Airlines, Air Canada, Air Jamaica, British Airways,
Caribbean Airlines, GOL Airlines, Jet Blue, LIAT, Virgin Atlantic, US Central Bank of Barbados
Airways, West Jet and several charter flight companies. www.centralbank.org.bb
IMMIGRATION AND WORK PERMITS Research & Planning Unit, Ministry of Finance and Economic Affairs,
The Barbados Immigration Act allows non-citizens to work on the Economic & Social Report 2011
island only if they have been granted a work permit. Certain www.economicaffairs.gov.bb
CARICOM skilled nationals may live and work in Barbados without
a work permit. The person has to possess a degree, diploma or
PUBLISHER'S NOTE:
professional accreditation and an offer of employment or plan to
All of the information in this guide has been carefully collected and
undertake employment as a self-employed person.
prepared, but it still remains subject to change and correction. Use
There are no statutory restrictions on the number of foreign
these contents for general guidance only and seek extra assistance
employees on the payroll of a company at any time. Foreign workers
from a professional adviser with regard to any specific matters.
contribute to and are entitled to social security benefits on the
Readers can contact the relevant authorities mentioned. A
same basis as Barbadian nationals. A work permit is usually
comprehensive list of Government Services, Legal Services,
processed in about six to eight weeks. The forms and list of
Business Associations and Agencies can be found at the end of this
required documentation is available from the Immigration
guide.
Department in Bridgetown.
New Immigration Policies
Barbados now offers a special entry and reside permits (“SERPs”)
to enter and reside in Barbados with little or no restrictions. These
SERPs may either be granted for an indefinite period or for a fixed
period, depending on the particular category the individual falls
under.
Visa Entry Requirements
A valid passport is required by all visitors to Barbados. All visitors
are required to have onward or return tickets. Citizens of certain
countries will require a visa to visit Barbados. Contact your nearest
Barbados Tourism Authority office or one of the Invest Barbados
offices for further information. Visas are not required for
passengers on cruise ships with the exception of citizens of the CIS
Eastern European states, The Peoples Republic of China, Taiwan,
South Africa, Korea and some Middle Eastern states
2
Per dependentGOVERNMENT LISTINGS, BUSINESS ASSOCIATIONS & AGENCIES
Government Ministries Corporate Affairs & Intellectual Property Office Embassy of Barbados - Cuba
(CAIPO) Calle 18 # 715e / 7ma y 31 Miramar, Playa, La
Ministry of Finance & Economic Affairs 7th and 8th Floor, Baobab Tower Warrens, Habana Cuba
3rd Floor East, Warrens Office Complex, Warrens, St. Michael, Barbados Tel: (011 537) 212-5894
St. Michael, Barbados Tel: (246) 625-2400 Fax: (011 537) 212-5897
Tel: (246) 310-1300 Fax: (246) 625-2401 havana@foreign.gov.bb
Fax: (246) 425-1100 general@caipo.gov.bb
economic_affairs@barbados.gov.bb www.caipo.gov.bb Embassy of Barbados - USA
www.economicaffairs.gov.bb 2144 Wyoming Avenue N.W. Washington, D.C.
Customs & Excise Department 20008, USA
Ministry of Industry, International Business, 2nd Floor West Wing, Warrens Office Complex, Tel: (1 202) 939-9200
Commerce & Small Business Development Warrens, St. Michael, Barbados Fax: (1 202) 332-7467
Reef Road, Fontabelle, St. Michael, Barbados Tel: (246) 310-2300 washington@foreign.gov.bb
Tel: (246) 427-5270 Fax: (246) 421-2029
Fax: (246) 431-0056 Embassy of Barbados - Venezuela
commerce.ps@barbados.gov.bb Immigration Department Ambassador Edificio Los Frailes Oficina
www.commerce.gov.bb Careenage House, The Wharf, Bridgetown, 501, Piso 5 Avenida Principal de Chuao
St. Michael, Barbados Chuao, Caracas, Venezuela
Ministry of Foreign Affairs & Foreign Trade Tel: (246) 434-4100 Tel: (011 58212) 992-0545
1 Culloden Road, St. Michael, Barbados Fax: (246) 426-0819 Fax: (011 58212) 991-0333
Tel: (246) 431-2200 imm-dept@caribsurf.com caracas@foreign.gov.bb
Fax: (246) 429-6652
barbados@foreign.gov.bb The Financial Services Commission Consulate-General of Barbados - Miami
www.foreign.gov.bb Suites 301 & 302, Building 4 Harbour Industrial 2121 Ponce de Leon Blvd Suite 1300 (PH) Coral
Park, Bridgetown St. Michael, Barbados BB11142 Gables, Florida 33134, USA
Ministry of Tourism & International Transport Tel: (246) 421-2142 Tel: (1 786) 515-1201
Lloyd Erskine Sandiford Centre Two Mile Hill, Fax: (246) 421-2146 Fax: (1 305) 455-7975
St. Michael, Barbados info@fsc.gov.bb miami@foreign.gov.bb
Tel: (246) 430-7500 http://fsc.gov.bb
Fax: (246) 436-4828 Consulate-General of Barbados - New York
barmot@sunbeach.net Office of the Attorney General 820 Second Avenue, 5th floor Between
www.tourism.gov.bb Jones Building, Websters Business Park, Wildey, 43rd and 44th Streets New York, N.Y 10017, USA
St. Michael, Barbados Tel: (1 212) 551-4325
Government Corporations, Depts. Tel: (246) 621-0110 Fax: (1 212) 867-8899
& Statutory Bodies Fax: (246) 228-5433 newyork@foreign.gov.bb
attygen@caribsurf.com
Barbados Investment & Development Consulate-General of Barbados - Toronto
Corporation Government Overseas Offices/ 105 Adelaide Street West Suite 1010, Toronto,
Pelican House, Princess Alice Highway, Missions Ontario M5H 1P9, Canada
Bridgetown, St. Michael, Barbados Tel: (1 416) 214 9805
Tel: (246) 427-5350 Embassy of Barbados - Belgium Fax: (1 416) 214 9815
Fax: (246) 426-7802 100 Avenue Franklin D. Roosevelt, 1050 Brussels, toronto@foreign.gov.bb
bidc@bidc.org Belgium
www.bidc.com Tel: (011 322) 732-1737 Permanent Mission of Barbados to the United
Fax: (011 322) 732-3266 Nations
Barbados Tourism Management Inc. brussels@foreign.gov.bb 820 Second Avenue, 9th Floor Between 43rd and
1st Floor West Warrens Office Complex, Warrens, 44th Streets New York, NY 10017, USA
St. Michael, Barbados Embassy of Barbados - Brazil Tel: (1 212) 551-4300
Tel: (246) 467-3600 SHIS Q1 13 Conjunto 10 Casa 03 Lago Sul, Fax: (1 212) 986-1030
Fax: (246) 426-4080 Brasilia, D.F. Cep: 71 635 100, Brazil prun@foreign.gov.bb
Toll free: 1-800-744-6244 Tel: (55 61) 35268310
btainfo@visitbarbados.org brasilia@foreign.gov.bb Permanent Mission to the United Nations’ Office
www.visitbarbados.org & Other International Organisations at Geneva,
High Commission of Barbados - Britain Switzerland
Barbados Tourism Investment Inc. 1 Great Russell Street, London WC1B 3ND, Britain 18 A Chemin Francois-LehMann 1218 Grand
Ground Floor, Old Town Hall Building, Cheapside, Tel: (011 44 207) 299-7150 Saconnex Geneva, Switzerland
Bridgetown, St. Michael BB11142, Barbados Fax: (011 44 207) 323-6872 Tel: (011 41 22) 791-8500
Tel: (246) 426-7085 london@foreign.gov.bb Fax: (011 41 22) 791-8509
Fax: (246) 426-7086 geneva@foreign.gov.bb
btii@tourisminvest.com.bb High Commission of Barbados - Canada
www.barbadostourisminvestment.com 55 Metcalfe Street, Suite 470 Ottawa KIP6L5, Business Associations & Agencies
Canada
Central Bank of Barbados Tel: (1 613) 236-9517/8 Invest Barbados Offices
Tom Adams Financial Centre, Church Village, Fax: (1 613) 230-4362
Bridgetown, St. Michael, Barbados ottawa@foreign.gov.bb Barbados Head Office
Tel: (246) 436-6870 Trident Insurance Financial Centre, Hastings,
Fax: (246) 436-7836 Embassy of Barbados - China Christ Church BB15156, Barbados
info@centralbank.org.bb Villa 09-02 Block A Liang Ma Qiao Tel (Local): (246) 626-2000
www.centralbank.org.bb Diplomatic Compound No. 22 Dong Fang Tel (From Canada): 1-647-977-5996
Dong Lu Chaoyang District 100600, Beijing, Tel (From UK): +44 (0) 203-318-9036
People’s Republic of China Tel (From USA): 1-347-433-8942
Tel: (011 8610) 85325404 Fax: (246) 626-2099
Fax: (011 8610) 85325437 info@investbarbados.org
beijing@foreign.gov.bb www.investbarbados.org
182 • businessbarbados.comGOVERNMENT LISTINGS, BUSINESS ASSOCIATIONS & AGENCIES
Canada Barbados Manufacturers Association Office of Trade Negotiations
110 Sheppard Avenue East, Suite 201, North York Suite 201, Bldg #8 Harbour Industrial Estate, 1st Floor, Mall Internationale, Haggatt Hall, St.
M2N 6Y8, Toronto, Canada St. Michael, Barbados Michael BB11063, Barbados
Tel: (416) 214-9919 Tel: (246) 426-4474 Tel: (246) 430-1670
Fax: (416) 214-9815 Fax: (246) 436-5182 Fax: (246) 228-9528
toronto@investbarbados.org info@bma.bb barbados.office@crnm.org
www.bma.org.bb www.crnm.org
United States of America
820 Second Avenue, 5th Floor New York, NY Barbados Private Sector Trade Team Inter-American Development Bank
10017, USA The Annex, Geddes Grant Complex White Park “Hythe” Welches Maxwell Main Road, Christ
Tel: (212) 551-4375 Road, St. Michael, Barbados Church BB17068, Barbados
Fax: (212) 682-5496 Tel: (246) 430-6541 Tel: (246) 227-8500
newyork@investbarbados.org Fax: (246) 271-5135 Fax: (246) 429-8869
info@tradeteam.bb idbbarbados@iadb.org
Emergency Numbers www.tradeteam.bb www.iadb.org
Police 211
Fire 311 Barbados Small Business Association Pan American Health Organization
Ambulance 511 1 Pelican Industrial Park, Bridgetown, St. Michael, Abergeldie, Dayrells Road and Navy Gardens,
Barbados Christ Church, Barbados
Business Associations Tel: (246) 228-0162 Tel: (246) 434-5200
Fax: (246) 228-0613 Fax: (246) 436-9779
Barbados Bar Association theoffice@sba.org.bb www.paho.org
Leeton, Perry Gap Roebuck Street, St. Michael, www.sba.org.bb
Barbados United Nations
Tel: (246) 437-7316 Institute of Chartered Accountants of Barbados UN House, Marine Gardens, Hastings, Christ
Fax: (246) 228-1739 Room 29, Hastings Plaza, Hastings, Church, Barbados
bar@caribsurf.com Christ Church, Barbados Tel: (246) 467-6000
www.barbadosbarassociation.com Tel: (246) 429-5678 www.un.org
Fax: (246) 426-0970
Barbados Chamber of Commerce and Industry admin@icab.com Non-Governmental Organizations
Braemar Court, Deighton Road, Brittons Hill, St. www.icab.bb
Michael, Barbados Barbados Entrepreneurship Foundation
Tel: (246) 434-4750 Barbados Stock Exchange Woodland Great House, St. George BB 19130,
Fax: (246) 228-2907 8th Avenue, Belleville, St. Michael, Barbados Barbados
bcci@bdscham.com Tel: (246) 436-9871/2 Tel: (246) 621-2130
www.barbadoschamberofcommerce.com Fax: (246) 429-8942 Fax: (246) 621-0005
info@bse.com.bb info@barbadosentrepreneurshipfoundation.org
Barbados Coalition of Service Industries (BCSI) www.bse.com.bb www.barbadosentrepreneurshipfoundation.org
Building #3, Unit 2B, Harbour Industrial Estate,
St. Michael, Barbados International Agencies Future Centre Trust
Tel: (246) 429-5357 Little Edgehill, St. Thomas BB22118, Barbados
Fax: (246) 429-5352 Caribbean Development Bank Tel: (246) 625-2020
info@bcsi.org.bb P.O. Box 408, Wildey, St. Michael, Barbados Fax: (246) 620-2021
www.bcsi.org.bb Tel: (246) 431-1600 info@futurecentretrust.org
Fax: (246) 426-7269 www.futurecentretrust.org
Barbados Estate Agents And Valuers Association info@caribank.org
Inc. www.caribank.org Tourism Development Corporation
P.O. Box 130, Worthing, Christ Church, Barbados BHTA Building, 4th Avenue, Belleville,
Tel: (246) 836-0650 Caribbean Export Development Agency St. Michael, Barbados
admin@beavainc.com (Caribbean Export) Tel: (246) 228-8900
www.beavainc.com 1st Floor, Baobab Towers, Warrens, St. Michael Fax: (246) 228-8902
BB22026, Barbados tourismdev@caribsurf.com
Barbados Hotel and Tourism Association (BHTA) Tel: (246) 436-0578 www.tdcbarbados.com
4th Avenue Belleville, St. Michael, Barbados Fax: (246) 436-9999
Tel: (246) 622-5041 info@carib-export.com
Fax: (246) 429-2845 www.carib-export.com
info@bhta.org
www.bhta.org Caribbean Tourism Organization
Ground Floor, Baobab Towers, Warrens,
Barbados International Business Association St. Michael, Barbados
(BIBA) Tel: (246) 427-5242
19 Pine Road, Belleville, St. Michael, Barbados Fax: (246) 429-3065
Tel: (246) 434-2422 ctobar@caribsurf.com
Fax: (246) 434-2423 www.onecaribbean.org
biba@biba.bb
www.biba.bb European Union Delegation to Barbados and the
Eastern Caribbean
BIBA - Canada Palm Beach Corporate Centre, Hastings, Christ
Thomas C. Sears, Chairman Church BB15156, Barbados
Tel: (905) 800-0548 Tel: (246) 434-8501
tom.sears@rogers.com Fax: (246) 427-8687
www.biba.bb delegationbarbados@eeas.europa.eu
www.delbrb.ec.europa.euLEGAL SERVICES
Carrington & Sealy Laura F. Harvey-Read Reece Associates
H. Adrian W. Cummins Q.C.,Ph.D. laura@hastings-attorneys.com Attorneys-at-Law
Belmont House, Belmont Rd Micaela M. Pile Chelsea House, Chelsea Road
St Michael, Barbados micaela@hastings-attorneys.com St. Michael, BB14022
Tel: (246) 367-6700 Mawena Brathwaite Barbados
Fax:(246) 228-9584 mawena@hastings-attorneys.com Tel: (246) 620-3772
hawc@carr-sealy.com.bb Fax: (246) 620-3771
InterCaribbean Legal Anthony P. L. Reece
Chancery Chambers Attorneys-at-Law apl@reeceassociates.bb
Dr. Sir Trevor Carmichael, KA, LVO, Q.C. Karen A Perreira, LLB(Hons); TEP Joia W.S. Reece
Chancery House, High Street “Palm Court”, #28 Pine Road, jws@reeceassociates.bb
Bridgetown, St. Michael, Barbados Belleville, St. Michael
Tel: (246) 431-0070 Barbados. BB11113 Rita Evans & Associates
Fax: (246) 431-0076 Tel: (246) 228-7504 “King Cote”, No. 12, 8th Avenue Belleville
chancery@chancerychambers.com Fax: (246) 228-1591 St. Michael, Barbados
www.chancerychambers.com Cell: (246) 231-8453 Tel: (246) 429-4643
kperreira@intercaribbeanlegal.com Fax: (246) 429-9339
Clarke Gittens Farmer www.intercaribbeanlegal.com rlevans@ritaevanslaw.com
T. David Gittens, Q.C. www.ritaevanslaw.com
Managing Partner Jones & Goodridge
Parker House, Wildey Business Park Venus House, Walrond Street Seneca Chambers
Wildey Road, St. Michael Bridgetown, St. Michael, Barbados Attorneys-at-law
BB14006, Barbados Fax: (246) 427-6574 Charlton House, Whitepark Road
Tel: (246)436-6287 gibraltar@caribsurf.com Bridgetown, St. Michael. Barbados
Fax: (246) 436-9812 Mark Goodridge Tel: (246) 436-5379
TDG@clarkes.com.bb Tel: (246) 426-5440 Fax: ((246) 436-3843
www.clarkes.com.bb Nigel Jones senecalegal@gmail.com
Tel: (246) 436-7852 Cicely P. Chase Q.C.
David King & Company Jodi-Ann Chambers Althea Chapman-Carmichael
Attorneys-at-Law Tel: (246) 427-5735
Heather Tull, Attorney-at-Law Unity Chambers
Ground Floor, Belleville Corporate Centre, LEX Caribbean Attorneys-at-Law
#38 Pine Road, Belleville Mary J. Mahabir, Q.C. Dewsbury House, Aquatic Gap,
St. Michael, Barbados Worthing Corporate Centre Bay Street, St. Michael, Barbados
Tel: (246) 427-3174 / 426-9246 / 436-5973 Worthing, Christ Church, Barbados Tel: (246) 436-4888
Fax: (246) 436-9541 Tel: (246) 430-3750 Fax: (246) 436-4686
daveking@caribsurf.com Fax: (246) 430-3899 Derek L. St.C. Daniel
www.barbadoscorporatelaw.com Mary.mahabir@bb.lexcaribbean.com derran@unitychambers.com
www.lexcaribbean.com Ajamu Boardi
Harford Chambers ajamu.boardi@unitychambers.com
Steve A H Gollop Meridian Law Anne P. Reid
Cnr. Roebuck Street and Gills Road Dawn Williams anne.reid@unitychambers.com
Bridgetown, St Michael Ashton House, Strathclyde Glenroy I. Goddard
Tel: (246) 437-8532 St. Michael, Barbados glenroygoddard@hotmail.com
Fax: (246)436-8295 Tel: (246) 431-6677 Anne-Marie P. Goddard
sahgollop@gmail.com Fax: (246) 435-0607 anne.goddard@hotmail.com
daw@meridianlawbb.com
Harridyal Sodha & Associates Watson & Sands
Attorneys-at-Law Penrith Chambers Attorneys-at-Law
Liza A. Harridyal Sodha, LLB (Hons), LLM, TEP "Penrith" Upper Collymore Rock
The Grove, 21 Pine Road 11th Avenue Belleville St. Michael, Barbados
Belleville, St. Michael St. Michael, BB11114 Tel: (246) 426-8563 / 426-3457
Barbados BB11113 Tel: (246) 622-1911/622-2082 Vincent D. Watson
Tel: 246-228-9888 ext 222 Fax: (246) 622-1912 vincentw@caribsurf.com
Fax: 246-228-9382 Sharon Edgecombe Miller Desmond D. Sands
Cell: 246-231-9609 sem@penrithchambers.com desmond_sands@yahoo.com
liza@lizalaw.com Nekeisha Hercules-Lowe Damien R. Sands
www.lizalaw.com nhl@penrithchambers.com damien_sands@yahoo.com
Sharron E. Smith
Hastings Attorneys-at-Law ses@penrithchambers.com Zarina Khan
Trident Financial Centre Wallace Q. Blackman Attorney-at-Law
Cnr. St. Matthias Gap & Hwy 7 wb@penrithchambers.com Prospect Chambers
Hastings, Christ Church, Barbados Summerland House
Tel: (246) 228-9420 Peter G. Symmonds, Q.C., J.P. Prospect, St James,
Fax: (246) 429-8056 Attorney-at-Law BB24008, Barbados
Barry Gale, Q.C. GH House, 3rd Floor, Trents Tel: (246) 622 0050/1
bgale@hastings-attorneys.com St. James, BB24017, Barbados zarina@prospectchambers.com
Leodean Worrell Tel: (246) 419-4196
leodean@hastings-attorneys.com Fax: (246) 419-4188
Jacqueline R. Chacko pgsymmondslaw@caribsurf.com
jchacko@hastings-attorneys.com
184 • businessbarbados.comYou can also read
