Company registration at Barbados (SRL)

Name of service Bronze Silver Gold
Check and reserve the company name Obtaining approval from the registrar for the company name
Company registration, including state fees preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year Providing a legal address for your company in a given jurisdiction, eliminating the need to purchase or rent real estate
Secretary services for 1 year The person named on the certificate of incorporation and representing the company, through which communication with local government agencies is carried out
Local director services for 1 year Providing a resident director of the jurisdiction who is required to open an account with a local bank
Support in opening an account collection, preparation and submission of the necessary documents for opening a corporate account
Total cost
5900 USD 9100 USD 10300 USD
Accounting services
50 USD 50 USD 50 USD
Annual renewal (paid from the second year)
3500 USD 6700 USD 6700 USD

Deal of the month

If you will register a company until May 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

The island of Barbados is territorially located in the east of the Caribbean Sea in the group of Lesser Antilles. The state is the jurisdiction of Great Britain and the official head is considered to be the queen, whose authority on the island is represented by the Governor-General. The official language of Barbados is English but the local dialect is also quite common. Almost all the business activity of the country takes place in the capital of the state - Bridgetown where almost half of the population lives. The tourism and the sugar industry are developed at a sufficiently high level in the state. In addition, the spheres of financial and information technologies are taking the rapid growth. Barbados is a jurisdiction that offers many advantages for legal entities, among which:
  • stability of the government and administration;
  • providing guarantees and protection to the stakeholders at the legal level;
  • broad tax advantages;
  • the minimum level of corruption in the country;
  • lack of control over foreign exchange transactions;
  • confirmation of the respectability of the jurisdiction in the form of approval from the Organization of the Economic Cooperation and Development;
  • reliable and developed legal framework;
  • application and support of various types of investment mechanisms;
  • the ability to conduct business in various formats, including international commercial companies, mutual funds, trusts and limited liability companies.

Taxation system of Barbados

Barbados is a country with one of the most loyal and convenient tax systems with a wide range of well thought-out benefits and incentives. The state supports agreements on avoidance of double taxation with 16 countries, including the United Kingdom, the United States, China, Switzerland and Norway. The legislation of Barbados provides the existence of such tax advantages for various entities registered in the jurisdiction of the state:
  • absence of tax payment on the income from the capital, as well as other indirect taxes;
  • absence of tax collection from the property or inheritance;
  • the ability to import goods, equipment, raw materials and plants without payment of duties and fees;
  • providing a wide range of benefits to non-residents.

Types of corporations in Barbados

The activity of the firms in this jurisdiction is regulated in compliance with the Law on Companies. According to this legal act, in Barbados, such types of corporations are able to implement their activities:
  • International Business Company (IBC);
  • Segregated portfolio company (SCC).
Regardless of the form chosen by the founder, it is necessary for the creation of any company in this country:
  • to provide the statute and the Memorandum of association of the company;
  • to declare a registered address within the state;
  • to apply for a request for verification and confirmation of the name in the Register;
  • to appoint the directors and a secretary.

Characteristics of the international business company (IBC)

IBC is most often used to achieve offshore goals, since this type of corporation is given a special status, according to the Law on International Business Companies of Barbados. To acquire this status, a registered company must obtain a license and extend it annually. The corporations have the right to implement any activities not prohibited by the law. At the same time, it is not permitted to conduct any commercial transactions with residents of the country, as well as ownership of real estate within the territory of Barbados. When creating a company and forming its authorized capital, no mandatory requirements are imposed to the volume of issued shares.The physical and legal persons with the residence of any country may be among the shareholders and the directors of IBC. It is necessary to have at least one director and one shareholder, as well as a secretary.

The tax liabilities of the international business company (IBC)

The tax liabilities of the international business company (IBC) for corporations operating under the special status of IBC provide a number of features, among which:
  • the provision of an optimal tax regime;
  • exemption from taxation of dividends and other types of payments received from non-residents within Barbados;
  • application of a progressive tax on income received from the sources on the territory of the state, which rate make up 1 - 2.5%;
  • no taxation of the source of dividend payments.
The IBC is also obliged to submit an audited financial report every year if the total assets or income of such a company exceeds $ 0.5 million. In addition, in the case when the profit of the corporation is more than $ 1 million, the accountant, a member of the Association of Accountants of Barbados conducts an obligatory balance audit.

Key features of the company with segregated portfolios (SCC)

SCC is a corporation that uses special, highly protected investment mechanisms. The company creates two key groups of asset for this:
  • total assets (or reserve assets);
  • assets divided into portfolios (or "cells").
Reserve assets are a kind of guarantee that is provided to the shareholders in the event if the volume of their assets does not allow to pay the emerged indebtedness. The assets allocated into the portfolio have their own structure (share and reserve capital, reinvested profit, etc.) and no way related to the assets placed in other portfolios, as well as with reserve assets. Thus, a separate block of shares is issued for each portfolio and, accordingly, their dividends are paid. Any liabilities to the creditors are covered exclusively at the expense of the allocated portfolio for which they were taken. Such a system allows to achieve rather low costs for the structure with practically unlimited possibilities of the diversification of the activity of the corporation. At the same time, the allocated "cells" do not represent separate legal entities, but they are viewed in the complex as a company with segregated portfolios. SCC is used most often for commissioning:
  • the schemes of collective investment;
  • umbrella mutual investment funds;
  • captive insurance companies;
  • holding companies;
  • banking institutions.

Creation and operation of the companies with segregated portfolios (SCC) in Barbados

The legislation of Barbados provides several ways to create SCC:
  • creation of SCC from the scratch in this jurisdiction;
  • transformation of the existing and registered company of Barbados to SCC;
  • the transfer of a foreign company into the legal field of regulation of Barbados and further assignment of SCC status to it.
SCC of Barbados relates to tax residents and pays a fee from the profit received on the territory of the state at a rate of 1 - 2.5%. If the source of the income of the company is outside this jurisdiction, it is not subject to taxation. The separate accounting of all financial and accounting documentation should be carried out for each allocated SCC portfolio. The corporations of this type are allowed to implement both financial and any non-financial activities that must be necessarily approved by the Ministry of International Business.


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10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again