Despite the adverse effects of the pandemic, the good news is that it has given the world an opportunity to enhance and rebuild.

The Government of Barbados has announced a number of legislative measures as it moves towards tax convergence of the country's international and domestic business sectors.

This clear message came from Prime Minister Mia Amor Mottley recently, as she delivered remarks at the groundbreaking ceremony for Kooyman Barbados, at its construction site at Kendal Hill, Christ Church.

A Barbados delegation led by Senior Minister in the Prime Minister's Office, Dr. William Duguid, showcased a range of investment opportunities in Barbados at the first Saudi-Caribbean Investment Forum.

In the aftermath of the first global pandemic in years, there will undoubtedly be a shift in the way business is conducted.

The global business sector continued to perform well during 2023, as reported by the Central Bank of Barbados, and the Barbados economy is projected to grow by approximately 4% during 2024.

Welcome to another promising year – a year brimming with boundless opportunities across our business landscape.

'Substance' is a characteristic that has become consistently linked to the Barbados international business brand.

Mia Amor Mottley, Prime Minister, Minister of Finance, Economic Affairs and Investment of Barbados, and Mesdames Azucena Arbeleche, Minister of Economy and Finance of Uruguay

The Business Companies (Economic Substance) Act, 2018 – 41 was enacted in Barbados on 1 January 2019 in response to Action 5 of the OECD's Action Plan on Base Erosion and Profit Shifting.

A delegation from Barbados led by the Trade Minister, Davidson Ishmael, are in Rwanda on knowledge exchange visit. The exploration focused on different areas, including tourism promotion and financial services.

The International Trusts Act of Barbados 1995-14 (amended by the International Trusts Act 1995-19) provides for the creation and regulation of international trusts and related matters. Subject to the terms of the trust instrument the Act provides for certain taxation matters which affect the trust and its beneficiary. Some of these taxation matters are discussed herein.

Since the implementation of the Patriot Act and other applicable legislation, such as the OECD mandate, which hold the intermediary responsible or culpable, the concept that it will be forensically difficult to see through nominees is extremely outdated and unrealistic.

Traditionally, trusts and foundations were often used as tools to obscure the ownership of assets as tax shelters thereto.

Seeking a reputable location to establish or expand your business for the management of global activities in the extractive sector?...