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Why We Chose Barbados – A Case Study

Why We Chose Barbados – A Case Study

Barbados presented a number of favourable benefits for us including:

  • A stable government, well-developed legal system and a good network of professional service providers.

  • Barbados is not considered a “tax haven” and is a transparent planning jurisdiction driven by a vast double taxation treaty network with partner countries.

  • International rankings such as 1st in the Caribbean and 2nd in Latin America (after Chile) in the 2014 Transparency International’s Corruption Perception Index.

  • Only jurisdiction to have passed the OECD scrutiny without needing to make changes to its legislation.

  • Barbados has an extensive network of Double Taxation Treaties (DTA’s) spanning many countries which were mutually negotiated by partner countries including Canada, USA, China, Mexico, Spain, etc.

  • The jurisdiction is perceived to provide transparent tax planning opportunities leveraging DTA and not one that is used for secrecy.

  • Barbados also had a large network of Bi-lateral Investment Treaties (“BIT’s”) governed through the Washington, D.C. based International Centre for Settlement of Investment Disputes which allows countries to advance and protect their interest in foreign countries including jurisdictions like Venezuela, China, Cuba, Germany, Italy, etc.

  • Barbados is a mature jurisdiction with an offshore insurance industry established since in 1983 with over 300 active insurance companies particularly captives which has been key in managing our risk program.The use of a Barbados IBC as a Treasury Centre (TC) to centralize or decentralize treasury management for multinationals is a well-established practice due to tax efficiency of DTA’s, mature banking systems, regulations and political stability. In this regard we opted to use Barbados to provide a smooth and efficient central treasury management system to the overall group.

Company

The Axebridge Group 
The Grove, 21 Pine Road, Belleville,
St. Michael, BB11113, Barbados
+1 (246) 228-9886
info@axebridge.com

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