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The Axebridge Group – Trusted Corporate, Trust, and Financial Services Provider with Global Reach, headquartered in Barbados.

Annual Returns

2 min read

Domestic companies are required, under Section 15A of the Companies Act, to file an annual return each year in the manner and form prescribed. Return forms must be completed by a director or authorized officer of the company. The following company types are exempt from the filing requirement: companies with gross revenue exceeding BDS$1 million, companies holding a valid foreign currency permit, exempt insurance companies, private trust companies, nonprofit companies, and charities. The fees payable to the Registrar for filing an annual return is US$50.00 each year. A company that is in default in complying with the requirements to file an annual return, as prescribed in the Companies Act, is liable to a penalty of US$5.00 for every day during which the default continues up to a maximum of US$1,500; and every director and officer of the company who knowingly and willfully authorizes or permits the default is also liable to that penalty.



Deadline dates are determined by the date of incorporation of the company as follows:


  1. If incorporated between January 1st and June 30th in any year, the company shall file its annual return no later than June 30th.

  2. If incorporated between July 1st and December 31st in any year, the company shall file its annual return no later than December 31st.



The Amended Companies Act states that any Barbados company with gross revenue of BDS$1 million or above must engage a corporate services provider licensed under the Corporate and Trust Services Act, 2015-12, The Financial Institutions Act, Cap. 324A and/or the The Financial Services Commissions Act 2010-21. This licensed service provider will make the requisite filings under the Act.​


the Act states the following as it relates to Annual Returns and filings

  • All Barbados companies not exempt as above and whose revenue falls below BDS$1 million are required to file an annual return and financial declaration with Corporate Affairs and Intellectual Services Office (‘CAIPO’) within the requisite deadlines


  • All Barbados companies not exempt as above and whose revenue falls at or above BDS$1 million but under BDS$4 million are required to appoint a licensed service provider and make a financial declaration to CAIPO within the requisite deadline


  • All Barbados companies not exempt as above and whose revenue falls at or above BDS$4 million are required to engage a licensed service provider and file financial statements to CAIPO within the requisite deadline


Deadline dates are determined by the date of incorporation of the company as follows

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