A corporation generally makes it easier for your business to raise capital or apply for a loan by giving it a sense of legitimacy. When you incorporate, it also means you can open up a bank account and start building a line of credit, which, for a small business owner, is a necessity. Below, I […]
Why Should You Incorporate Your Business? Read More »
Now that you have incorporated your business how do you open a Business Bank account? See below some of the standard information you will be required to submit. Please note this list is not exhaustive as most banks also have their account opening forms that would need to be completed. N.B.Additionally the Bank may require
How to Open a Business Bank Account? Read More »
Corporation Tax For Barbados tax purposes, a company is subject to tax depending on whether the company is resident and/or domiciled in Barbados. A company is considered to be tax resident in Barbados if its central management and control is located in Barbados whereas it is deemed to be domiciled in Barbados where it is
Please note that this information is at an effective rate and as such please refer to your professional accountant for any amendments/updates. If you have any questions please do not hesitate to contact us at support@afbconsultingservices.com.
Barbados’ Corporate Income Tax Rates Read More »
