Barbados

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  • Barbados is considering introducing an amendment to its legislation to provide for reserved powers to settlors.
  • New legislation is also being considered to provide for the establishment of private trust companies, which are essentially IBCs approved to serve as trustee for a specific family.

1. Introduction

A. History And Background

Barbados is known for its political and economic environment, telecommunications systems, confidentiality laws, regulatory controls, supervision and other attributes. In addition, Barbados has numerous double taxation treaties with other countries.

The currency is the Barbados dollar (BBD).

B. Legal System

The law of Barbados has its foundation in English legislation, common law and rules of equity.

Editorial Board
Liza Harridyal-Sodha TEP
Liza Harridyal-Sodha & Associates Inc, St Michael, Barbados

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