BARBADOS COMPANY FORMATION AND BANK ACCOUNTS
Barbados Company Formation. Barbados IBC. Barbados Offshore Company.
KGN specializes in Barbados Company Formation and opening bank accounts.
Barbados Offshore Company – Overview
Principal Corporate Legislation
The International Business Companies Act (IBC Act) 1991, Companies Act Cap 308 as amended.
Type of Law
Common.
Language of Legislation and Corporate Documents
English.
Type of Entity for International Trade, Investment & Tax Planning
Barbados IBC – International Business Company.
Barbados IBC – Key Facts
Share Capital
Standard authorised share capital is US$1,000 divided in to 1,000 shares of US$1. Minimum paid up share capital is US$1
Classes of Share Available
Registered shares, shares of no par value, preference shares, redeemable shares and shares with or without voting rights.
Bearer Shares
Not permitted.
Restrictions on Trading
A Barbados IBC cannot trade within Barbados. Banking, insurance, assurance, reinsurance, fund management, collective investment schemes, trust management, trusteeship business provision are not permitted.
Registered Office Required
Each Barbados Company must have a Registered Office in Barbados, provided by a licenced service provider.
Directors
A Barbados IBC requires a minimum of one director. Director can be of any nationality and need not be resident in Barbados. Corporate directors are permitted.
Shareholders
A Barbados IBC requires a minimum of one shareholder.
Publicly Accessible Records
No.
Nominee Shareholders and Nominee Directors
Allowed.
Location of Meetings of Directors and Shareholders
Anywhere.
Personal Presence Required
No.
Taxation
1-2,5% depending on income.
Double Taxation Treaty Access
None.
Requirements to File Accounts
Yes.
Requirement to File Annual Return
None.
Audit Requirements
Only if income exceed US$500,000.
Exchange Control
None.
Language of Name
English.
Restricted Words
Words such as “Assurance”, “Bank”, “Building Society”, “Royal”, “Trust Company”, “Trustee Company” etc. will require justification.
Name of a Company
The words “Limited”, “Corporation”, “Incorporated”, “Societe Anonyme”, “Sociedad Anonima” or Ltd, Corp., Inc., S.A. must be part of the name of every Barbados company.
Time to Incorporate
Two weeks.
Barbados Company Formation Prices
Barbados Company Formation Package Includes:
Company Name Check
Initial Business Approval
Preparation of Application Documents
Company Registration Fee
Certificate of Incorporation
Registered Office Address for 1 year
Registered Agent Services for 1 year
Government filing fee
Memorandum & Articles of Association
Minutes of first meeting appointing the director(s)
Register of shareholders
Register of directors
Starting at: $7990
Why Choose KGN?
We’ve been helping business owners since 1996
Incorporating your business is our focus
We make a complex process fast and easy
We work closely with Companies Registries to guarantee our service
Fastest offshore companies & accounts – Most competitive pricing worldwide
Services related Barbados Company Formation
KGN provides the following services related Barbados Company Registration:
Formation of a Barbados Company
Registered Office and Agent Services in Barbados
Samoa Company Secretarial Services
Nominee Shareholder/Nominee Director
Opening of Bank Accounts
Full Company Administration Services
Mailing Address in Barbados
Trademark Registration
Barbados – General Information
Location: Caribbean, island in the North Atlantic Ocean, northeast of Venezuela.
Area: total: 430 sq km, land: 430 sq km , water: 0 sq km. …
Natural resources: Petroleum, fish, natural gas.
Population: 292,336 (July 2017 est.).
Capital: Bridgetown.
Time Zone: UTC−4.
Languages: English (official), Bajan (English-based creole language, widely spoken in informal settings).
Government type: Parliamentary democracy (House of Assembly) under a constitutional monarchy; a Commonwealth realm.
Legal system: English common law; no judicial review of legislative acts.
International organization participation: ACP, AOSIS, C, Caricom, CDB, CELAC, FAO, G-77, IADB, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ISO, ITSO, ITU, ITUC (NGOs), LAES, MIGA, NAM, OAS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO.
Economy: Barbados is the wealthiest and one of the most developed countries in the Eastern Caribbean and enjoys one of the highest per capita incomes in the region. Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities. However, in recent years the economy has diversified into light industry and tourism. Offshore finance and information services are important foreign exchange earners, boosted by being in the same time zone as eastern US financial centers and by a relatively highly educated workforce.
Currency: Barbadian dollar (BBD).
KGN Services | Barbados IBC | Barbados Company Formation | Barbados Offshore
Tags: Barbados IBC | Barbados Company Formation | Barbados Company Incorporation | Barbados offshore | Barbados offshore company | Barbados company
Requirement to File Annual Return