Business Formation
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Start your business without the hassle. We will guide you through every step of the process, so you can focus on running your business.
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Basic Package
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Standard & Premium Packages
Formation of a Company
Do you require your business to have a separate legal identity? These structures protect your assets, provide tax savings, and serve as a foundation for the future of your business.
Choose the plan that works for you!
Starting at BBD$1,895.00 including government fees
*Organisational Package Includes: Minute Book Binder, Documents Wallet, Organisational Resolutions, Registers & Share Certificate(s)*
Why form a Company?
Protection
The creation of a separate legal entity serves to protect you personally from certain liabilities.
Tax Incentives
The formation of a company enables you to receive some tax incentives.
Make it official
Make your business official and legitimise your business in the eyes of customers and investors.
NOT SURE WHAT STRUCTURE WILL WORK FOR YOU?
Learn more about the differences between business entities in Barbados
FAQs
Got a question? We’re here to help.
What is the difference between a Registered Business Name and a Company/Society?
Personal liability protection. A Company of Society protects owners from being personally liable for business liabilities or debts. A Registered Business Name does not.
Tax liability. As a result of the Registered Business Name and the owner or owners having no separate legal identity, the profits of the business are subject to the higher individual tax rate of the owner or owners rather than the lower corporate tax rate of a company or society.
How are the business types taxed?
Registered Business Names and Partnerships have no separate legal identity, the profits of the business are subject to the higher individual tax rate of the owner or owners.
Companies and Societies are taxed at the corporate level at a specified tax rate that is lower than the individual rate. Shareholders/Members pay taxes on dividend income received from the Company or Society.