Barbados

Tax residency in Barbados is generally triggered by physical presence exceeding 183 days in a calendar year. Foreign income treatment: unknown. No statutory CFC rules apply, which can facilitate the use of foreign holding structures without automatic income attribution.

Welcome Stamp digital nomad visa: 12 months (remote workers earning >$50k). Corporate flat 9% (reduced from 25% in 2023 for OECD/Pillar 2 compliance). No CGT. No dividend tax. EU grey list (Annex II). OECD BEPS-compliant restructuring. English-speaking, stable common law jurisdiction.

The standard corporate income tax rate is 9%. Establishing a legal presence here involves a higher degree of administrative complexity, often requiring local legal assistance.

Account opening in Barbados can be challenging for foreign nationals or non-resident businesses, and enhanced due diligence is common practice. Internet connectivity is generally good, with consistent broadband availability in business districts and main population centres.

Barbados is a member of the Financial Action Task Force (FATF) and meets its anti-money-laundering standards. EU tax blacklist status: grey_list. Structures involving this jurisdiction may attract additional scrutiny or reporting obligations under EU member state rules.

Based on our scoring model, Barbados ranks highest for Freelancer and Founder / Entrepreneur. It offers a reasonable proposition for freelancer (score: 58/100). It offers a reasonable proposition for founder / entrepreneur (score: 58/100).