Doing Business En Barbados

A Guide to Doing Business in Barbados

TABLE OF CONTENTS

FOREWORD.................................................................................................................................4
GENERAL INFORMATION......................................................................................................5
HISTORY...................................................................................................................................... 5
GEOGRAPHY ................................................................................................................................ 5
GOVERNMENT .............................................................................................................................. 6
LEGAL SYSTEM............................................................................................................................ 6
POPULATION ................................................................................................................................ 7
LANGUAGE .................................................................................................................................. 7
ECONOMY.................................................................................................................................... 7
BUSINESS ENVIRONMENT ..................................................................................................... 8
PROFESSIONAL SERVICES ............................................................................................................. 8BUSINESS INFRASTRUCTURE ........................................................................................................ 8
TELECOMMUNICATIONS ............................................................................................................... 9
UTILITIES................................................................................................................................... 10
MONEY AND BANKING............................................................................................................... 10
INTERNATIONAL TIME................................................................................................................ 13
POSTAL SERVICES...................................................................................................................... 13
NEWSPAPERS ............................................................................................................................. 13
CUSTOMS BROKERS ................................................................................................................... 14
WEIGHTS & MEASURES............................................................................................................. 14
SETTING UP A BUSINESS ...................................................................................................... 14
INCORPORATING ..................................................................................................................................... 14
REGISTERING AN EXTERNALCOMPANY................................................................................................. 15
ESTABLISHING AN INTERNATIONAL BUSINESS COMPANY (IBC) ........................................................... 16
ESTABLISHING AN INTERNATIONAL SOCIETY WITH RESTRICTED LIABILITY (ISRL) ............................ 17
ESTABLISHING AN INTERNATIONAL BANK ............................................................................................. 18ESTABLISHING AN INTERNATIONAL INSURANCE COMPANY .................................................................. 19
ESTABLISHING A MANUFACTURING COMPANY................................................................................20

ACCOMMODATION ................................................................................................................ 26
COMMERCIAL ACCOMMODATION...