Tag Archives: Barbados offshore sector

The Barbados Cabinet has lowered the offshore tax rate on all profits and gains for the highest band of taxable income. The offshore tax rate on income and gains above US $15 million has been reduced further from 1% down to just 0.5% in 2012, with a further reduction to 0.25% in 2013. An additional Continue Reading...

Barbados and the UK have signed a Double Taxation Agreement (DTA) to facilitate an improved business relationship between the two nations. The Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Tax Evasion meets modern standards for tax transparency and facilitates the information exchange for tax purposes between the two countries. The Continue Reading...

The Barbados International Business Association (BIBA) will be hosting its annual International Business Week from October 23 – 29, 2011. International Business Week features a week of activities that will help raise awareness amongst Barbadians of the significant economic and social contributions made by the Barbados international business sector to the island’s growth and development. Continue Reading...

In the delivery of the Barbados Budget for 2011, the Minister of Finance and Economic Affairs Chris Sinckler focused on the needs of the international business sector. He highlighted the sector’s role as being one of “critical importance to the economic fortunes of the Barbados economy”. The Minister wants to ensure that Barbados offshore legislation Continue Reading...

Connie Smith, the newly elected president of the Barbados International Business Association (BIBA), has laid out the organization’s agenda for the upcoming year. Her plan is to focus on enhancing the island’s competitive advantage by working with the Government of Barbados to improve business facilitation by reforming legislation and improving to best practices. On this Continue Reading...

The Barbados International Business Association (BIBA) will be holding its Annual General Meeting on June 23rd at 5 p.m. at the Barbados Yacht Club. BIBA is the private sector organization that serves as the representative for companies involved in the Barbados offshore business sector. Meeting Agenda 1. Call to order – President 2. To receive Continue Reading...

The Barbados International Business Association (BIBA) will be hosting a series of Anti-Money Laundering (AML) Training Workshops to familiarize managers and business owners with the new Money Laundering and Financing of Terrorism (Prevention and Control) Act, 2010. This Act is far-reaching and places legal obligations on a wide range of businesses such as banks, insurance Continue Reading...

Corporate Governance: A Global Perspective to Best Practices Presented by Richard C. Powers, Academic Director, Directors Education Program (Canada) This CMA-hosted workshop is ideal for business leaders who are currently part of a board or will be joining one in the near future.  Increased responsibility and accountability have been placed on board members in recent Continue Reading...