Barbados is an island state in the Lesser Antilles in the Caribbean. It became an independent Commonwealth realm in 1966, and kept Queen Elizabeth II as the head of state. The Queen is represented here by the Governor-General of Barbados. Local currency is the Barbadian dollar. Official language is English.
There are three main pillars of local GDP: tourism, foreign direct investment, and international business. Barbados has got a quite high standard of living and the sixth highest Corruption Perception Index in the Americas. Barbados remains an attractive investment centre and a business-friendly territory despite relatively slow economic growth. The third-largest stock exchange in the Caribbean is located in Barbados.
OECD puts Barbados into the category of “largely compliant” jurisdictions in tax cooperation matters. Moreover, the European Union made a decision to remove Barbados from the black list of non-cooperative jurisdictions into a separate category of territories subject to close monitoring.
Some experts claim Barbados is one of the best offshore centres in the world. Barbados is a part of the Offshore Group of Banking Supervisors, International Association of Insurance Supervisors and other organisations.
Business activities in Barbados are regulated by the 1991 International Business Companies Act, and Companies Act CAP 308. Local legislation is based on the English Common Law.
Types of businesses in Barbados
- Limited Liability Company
- Company Without Share Capital
- Mutual Insurance Company
- External Company
- International Business Company
- Foreign Sales Corporation
- General Partnership
- Limited Partnership
- Exempted Limited Partnership
- Societies with Restricted Liability
- International Trust
What is a commercial register?
In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.
We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.
Commercial register of Barbados is managed by the Corporate Affairs and Intellectual Property Office (CAIPO), a department of Ministry of Industry, International Business, Commerce and Small Business Development. CAIPO was founded by Act of Parliament in 1988. It manages 32 Enactments in total, including the Corporate Registry, Intellectual Property Office and other government matters. Barbadian commercial register is not updated instantly, so it does not always contain up-to-date information. To guarantee confidentiality, there is no free access to the CAIPO business register.
Contents of the extract
The main type of extract available from the Barbadian business register is a company profile. It comes in the English language and contains the following information:
- Name of the company
- Registration number and date
- Address and other contact details
- Current status (active/inactive)
- Type of business
- Main activities
- Directors and shareholders
- Registered capital
- Other available information
NB: Information about some companies may be unavailable, or available for a fee.
Other available documents
Certificate of Good Standing – an official document that confirms a company’s solvency, reliability, and right to do business in Barbados. This certificate is only issued to companies that fully comply with the requirements in terms of taxation and financial reports submission.
Search in the register is not free of charge. Search results are sent to you within 6-8 days after request submission.
To get a required document, we will need the following information about a company:
- Full legal name
- Registration number
An extract from the business register of Barbados can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- File legal claims
Barbados acceded to the The Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents on 24 February 1965, as a part of the United Kingdom.
Therefore, the documents issued in Barbados are subject to a simplified apostilling procedure, thus the documents gain full legal value in Convention member states after notarised translation.
In addition, you can order notarised translation from English.
We provide extracts from the register in strict compliance with the legislation of Barbados, and the General Data Protection Regulation.
Inquiries are processed within one working day. Courier delivery of apostilled documents is paid separately by courier service tariffs.
Our services can be paid by bank transfer, PayPal or by credit card.
You can order free preliminary availability check of required information on our website.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract||from 119,00 €||from 100,00 €|
|Price for an Extract with Apostille without international shipping||from 714,00 €||from 600,00 €|