The Ideal International Banking Sector

Barbados has been prudent in the development of its international banking sector. As a result it has emerged as a jurisdiction known for its client service and respect for confidentiality on the one hand while on the other had adhering to good regulatory and supervisory practices.

Offshore banking is governed by the Offshore Banking Act Cap 325. The purposes of the Act are to:

1. encourage the development of Barbados as a responsible offshore financial centre;
2. provide incentives by way of tax reduction, exemptions and benefits for offshore banking carried on from wtihin Barbados;

1. enable citizens of Barbados to share in the ownership, management and rewards of any business activities resulting therefrom.