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Barbados is a sub-tropical island in the Caribbean; it is a member of
Caricom, the Caribbean Common Market. Barbados has preferred quality to
quantity, and has developed a remarkably wide range of offshore formats
to suit all tastes! A good US tax treaty and the Foreign Sales
Corporation legislation (now repealed) have particularly encouraged US
interest; Canada has also been a traditional partner. The offshore
insurance sector is as big as the BVI's, and there are 57 offshore
banks. List of Barbados Banks
Alongside a really large selection of corporate formats, Barbados
has many different taxes. Although the introduction of VAT in 1997 got
rid of eleven of them, there are plenty left, and for a resident person
rates are quite high. The structure of manufacturing and other
incentives is complex, but properly used can reduce the tax burden
substantially. It may be that fewer, simpler taxes would be beneficial;
anyway, an offshore business will be able to avoid all taxation in one
way or another. Offshore Directory by country:
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