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Jewellery box

Roland Jones considers the private client landscape in Barbados and asks whether such a well-polished gem can still have some undiscovered value

10 October 2011

With a population of just over 280,000 people, Barbados has distinguished itself as an unique international jurisdiction with modern laws, solid regulations and a comprehensive tax system. Our expansive tax treaty network, ratified with 19 countries so far and nine more in the pipeline, means it is no surprise that Barbados has been removed from the OECD ‘tax haven’ list for quite some time.

Trusting times

Barbados began development of its international business and financial sector around 1977. Its legislation allows for domestic and international trusts, international business companies, segregated cell companies, international banks, exempt insurance and management companies, societies with restricted liability and ship registration.

There are three types of trusts available in Barbados: international trusts; offshore trusts; and domestic trusts. Intern...

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