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Incorporate in Labuan (Malaysia)
1 × $4,300.00 -
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Incorporate in Singapore
1 × $550.00 -
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Incorporate in Anguilla
1 × $2,500.00 -
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Incorporate in Antigua and Barbuda
1 × $2,600.00
Subtotal: $9,950.00
Incorporate in Barbados
$8,500.00
Set up a company in Barbados
Barbados has been a popular jurisdiction for incorporating international businesses – especially for Canadians who enjoyed certain benefits under DTAs. However, the jurisdiction has also gone through several legislative amendments to avoid being classified as having a ‘harmful preferential tax regime’ by the OECD / EU.
Under these amendments, the International Business Companies (IBC) Act has been abolished, and the Societies with Restricted Liabilities Act has removed preferences to International Societies with Restricted Liability (ISRL).
IBCs and ISRLs licensed after October 17, 2017, have been converted to regular Barbados companies and societies, and are subject to local corporate taxation. Those incorporated and licensed before October 17, 2017, will be grandfathered until June 30, 2021 – at that point, they will need to be converted to regular Barbados companies.
Note that Barbados companies earning 100% of their income in foreign currency would be able to apply for a Foreign Currency Permit under the Foreign Currency Permits Act, 2018, to avoid capital controls under the Exchange Controls Act.
The Income Tax Act has been also amended. Since January 1, 2019, all Barbados entities, except those that are grandfathered are taxed on a sliding scale from 5.50% (for taxable income below BBD 1 million) to 1% (for taxable income over BBD 30 million). Previously, IBCs and ISRLs were subject to tax on a sliding scale between 2.5% and 0.25% and local companies were subject to tax at a 25% rate.
Barbados Companies are powerful tools for international trading and commerce, manufacturing operations and holding company for investments in foreign subsidiaries.
Learn more about incorporating in Barbados:
Barbados Limited Company Formation and First-Year Fees – USD 8,500.00 (All included)
Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Limited Company in Barbados, and keep it in good standing with the Corporate Affairs and Intellectual Property Office, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization of documents, which are generally required for opening bank accounts.
- All applicable Registration and Government Fees
- Acting as the Incorporator of the Limited Company
- Preparing the Articles of Incorporation and the Bylaws
- Filing the Articles of Incorporation and Bylaws with the Registrar of Corporate Affairs
- Providing Certificate of Incorporation issued by the Registrar
- Preparing the Directors’ Resolution resolving the appointment of directors, allotment of shares, adoption of company bylaws and other related corporate matters
- Preparing the Register of Shareholders and Register of Directors
- Preparing the Share Certificates
- Preparing and Executing a Certificate of Incumbency
- Applying for and obtaining a Foreign Currency Permit
- Providing Corporate Secretary Services for one year
- Providing Registered Office Services, including business address, for one year
- Providing Notarized and Apostilled copies of the Corporate Documents
- Delivering Original, and Notarized and Apostilled copies of the Corporate Documents via Courier, inclusive of Courier fees
Time to form
It generally takes us 1-3 days to prepare and file the Articles of Incorporation, as well as to prepare post-incorporation resolutions and other documents; and 1 to 5 business days for the Registrar to issue the Certificate of Incorporation/Formation.
Bank Account Opening Services (Optional)
We assist you in opening a bank account in Barbados.
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Barbados Bank Account - USD $ 900.00
Barbados Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBarbados Bank AccountUSD 25,000NoMulticurrencyYesEconomic substance required.Barbados Bank AccountUSD 100,000NoMulticurrencyYesEconomic substance required.Barbados Bank AccountUSD 25,000YesMulticurrencyYesEconomic substance required.
Note that we can also open overseas bank accounts for Barbados companies in the following offshore jurisdictions:
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Andorra Bank Account - USD $ 1,200.00
Andorra Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAndorra Bank AccountUSD 500,000YesUSD, EUR, CHF, CAD, AUD, SEK, NOK, NZDYesPrivate Bank with focus on wealth management. If they open a corporate account for an active company, they would need that either the account has a substantial amount on the account, or that the UBO himself opens an account for wealth management.
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Antigua Bank Account - USD $ 300.00
Antigua Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsAntigua Bank AccountUSD 10,000YesUSD, EURYesIn euros DBank processes only via SEPA. In dollars at the moment only with correspondents in the US, through FEDWIRE (not ACH at the moment). Cash Secured Visa Credit Card available.Antigua Bank AccountUSD 25,000YesUSD, EUR, GBPYesCash Secured Visa Credit CardAntigua Bank AccountUSD 5,000YesUSD, EURYesUnionPay Cards work without inconvenience in the USA.
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Armenia Bank Account - USD $ 1,200.00
Armenia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsArmenia Bank AccountUSD 50,000YesEUR, USD, RUB, AMDYesBusiness connection to Armenia is required. The annual outgoing turnover of the client should be at least 10 mln USD per year. The annual number of outgoing transfers should be at least 60 per year. Note that the banks considers smaller companies is well on case-by-case basis, but they could charges additional fees.
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Bahamas Bank Account - USD $ 500.00
Bahamas Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBahamas Bank AccountUSD 1,000,000NoUSDYesFamily Offices, Fund Managers and Asset Managers only.Bahamas Bank AccountUSD 100,000YesMulticurrencyYesOnly companies registered in the Bahamas. Economic substance required.Bahamas Bank AccountUSD 10,000,000NoMulticurrencyYesPrimary focus with physical presence in Bahamas. Business interest in the Bahamas. The company needs to have been in existence for a minimum of 3 years.Bahamas Bank AccountUSD 1,000,000YesMulticurrencyYesCredit Card available on a case by case basis.Bahamas Bank AccountUSD 1,000,000YesMulticurrencyYesRemote account opening is possible, but the bank will visit the client within first year after opening.Bahamas Bank AccountUSD 500,000YesUSD, EURYesPrepaid debit card available.
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Belize Bank Account - USD $ 300.00
Belize Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBelize Bank AccountUSD 4,000NoEUR, GBP, USDYesBelize Bank AccountUSD 1,000YesUSD, EUR, GBP, CAD, CHF, AUD, AED, CNY, SEK, NOKYesPrepaid Visa cards available.Belize Bank AccountUSD 3,000YesMulticurrencyYes
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BVI Bank Account - USD $ 900.00
BVI Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsBVI Bank AccountUSD 20,000NoUSD, GBP, HKDYesBank of Asia does not onboard corporations who have a connection in US and Russia.BVI Bank AccountUSD 500,000NoMulticurrencyYesVP Bank offers services to local BVI residents as well as international clients who have BVI companies, trusts or fund structures. It is primarily focused on financing, investment management, custodial and securities trading accounts. No Commercial Activity, only for asset management business.
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Cayman Islands Bank Account - USD $ 900.00
Cayman Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCayman Islands Bank AccountUSD 250,000YesUSD, EUR, GBP, CAD, AUD, JPY, SEK, CHFYesCayman Islands Bank AccountUSD 25,000YesUSD, CAD, CHF, EUR, GBP, JPY, AUDYesCayman Islands Bank AccountUSD 100,000YesUSD, EUR, CAD, GBP, AUD, MulticurrencyYesNCB Cayman Bank offers trading, private and investment bank accounts
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Cook Islands Bank Account - USD $ 600.00
Cook Islands Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCook Islands Bank AccountUSD 250,000YesUSD, EUR, GBP, CAD, NZD, AUD, SGD, HKDYesClients can have a corporate account for operational purposes only if they open an investment account as well.
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Curaçao Bank Account - USD $ 500.00
Curaçao Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCuraçao Bank AccountUSD 100,000NoMulticurrencyYesInternet Banking only for viewing the account, not for operatingCuraçao Bank AccountN/AYesMulticurrencyYes
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Cyprus Bank Account - USD $ 1,200.00
Cyprus Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsCyprus Bank AccountN/AYesMulticurrencyYesSupports large Cypriot and international groups, preferably operating from Cyprus and international companies in their expansion and operations in Cyprus.
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Dominica Bank Account - USD $ 300.00
Dominica Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsDominica Bank AccountUSD 15,000YesUSD, EUR, GBP, CHFYesDominica Bank AccountUSD 15,000YesUSD, EUR, GBPYesDominica Bank AccountN/ANoMulticurrencyYesSWIFT transactions are carried out only through a pool account in the name of the bank.Dominica Bank AccountN/ANoMulticurrencyYesDominica Bank AccountN/ANoEUR, USDYesSWIFT transactions are carried out only through a pool account in the name of the bank.
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Gibraltar Bank Account - USD $ 1,200.00
Gibraltar Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsGibraltar Bank AccountN/ANoMulticurrencyYesGibraltar Bank AccountUSD 200,000NoUSD, EUR, GBPYes
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Hong Kong Bank Account - USD $ 1,400.00
Hong Kong Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsHong Kong Bank AccountHKD 100,000YesMulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.Hong Kong Bank AccountHKD 200,000YesHKD, USD, MulticurrencyNoA business nexus in Hong Kong is strictly required, in the form of clients, suppliers, employees or other counterparties.
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Isle of Man Bank Account - USD $ 1,200.00
Isle of Man Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsIsle of Man Bank AccountN/ANoUSD, AUD, EUR, CZK, DKK, HUF, SGD, JPY, NOK, GBP, ZAR, ILS, NZD, PLN, CHF, SEK, CAD, BGNYesPreferred industries: Asset Holding Entities, e-sports, yachting, aviation, e-commerce, internet sales and trading, business consultancy, advertising and marketing, property development and management.
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Labuan Bank Account - USD $ 500.00
Labuan Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLabuan Bank AccountUSD 10,000NoUSD, JPY, SGD, EUR, GBPYesLabuan Bank AccountUSD 250,000NoMulticurrencyYesLabuan Bank AccountUSD 25,000NoUSD, EUR, CAD, CHF, GBP, HKD, SGD, JPY, THB, AEDYesThey focus more on Labuan incorporated entities.
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Liechtenstein Bank Account - USD $ 1,200.00
Liechtenstein Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsLiechtenstein Bank AccountUSD 500,000NoMulticurrencyYesEvery active NFE needs to have a substance.
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Mauritius Bank Account - USD $ 600.00
Mauritius Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsMauritius Bank AccountUSD 50,000NoMulticurrencyYesMauritius Bank AccountUSD 50,000YesMulticurrencyYes
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Nevis Bank Account - USD $ 300.00
Nevis Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsNevis Bank AccountUSD 10,000NoUSD, EUR, GBP, Multicurrency, CHF, CADYesNevis Bank AccountUSD 100,000NoUSD, EUR, GBP, CHF, AUD, CAD, AED, JPY, SGD, HKDYesNevis Bank AccountUSD 25,000NoMulticurrencyYesNevis Bank AccountUSD 10,000NoUSDYes
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Panama Bank Account - USD $ 1,200.00
Panama Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPanama Bank AccountUSD 50,000YesUSD, EURYesPanama Bank AccountUSD 10,000YesUSD, EUR, CHF, GBP, CADYes
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Puerto Rico Bank Account - USD $ 300.00
Puerto Rico Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsPuerto Rico Bank AccountN/AYesUSD, HKD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, TRL, XAF, ZARYesUnionpay Merchant service for clients.Puerto Rico Bank AccountUSD 25,000NoUSDYesTheir main focus is on commercial type, trade finance.Puerto Rico Bank AccountUSD 10,000NoMulticurrencyYesPuerto Rico Bank AccountUSD 150,000NoUSDYes
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Saint Lucia Bank Account - USD $ 300.00
Saint Lucia Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSaint Lucia Bank AccountN/ANoMulticurrencyYesSaint Lucia Bank AccountUSD 5,000YesUSD, EUR, GBP, HKD, Multicurrency, CAD, CHF, AED, AUD, NZD, NOK, SEK, THB, JPY, ZARYes
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Seychelles Bank Account - USD $ 500.00
Seychelles Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSeychelles Bank AccountUSD 25,000NoUSDYesInternet banking is in view mode only, all transactions are carried out via email or by phone.
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Singapore Bank Account - USD $ 900.00
Singapore Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSingapore Bank AccountSGD 100,000NoUSD, SGD, EUR, GBP, NZD, RMB, AUD, JPY, HKD, CHF, CADYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountUSD 3,000,000NoUSD, SGDYesSingapore Bank AccountSGD 250,000NoMulticurrencyNoNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountSGD/USD 30,000NoSGD, AUD, CAD, RMB, EUR, HKD, JPY, NZD, GBP, USDYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountSGD/USD 30,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountUSD 30,000NoUSD, SGD, AUD, CAD, HKD, NZD, GBP, EUR, JPY, CHFYesNexus in the form of client/supplier/partner/contractor in Singapore required.Singapore Bank AccountSGD 250,000NoMulticurrencyYesNexus in the form of client/supplier/partner/contractor in Singapore required.
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Switzerland Bank Account - USD $ 1,200.00
Switzerland Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsSwitzerland Bank AccountCHF 500,000YesEUR, GBP, CHF, CAD, AUD, JPY, SGD, PLN, HKD, NOK, SEK, ILS, MXN, DKK, TRL, NZD, AEDYesAmina Bank does not open accounts with a pure transactional business nexus.Switzerland Bank AccountCHF 1,000,000YesMulticurrencyYesSwitzerland Bank AccountCHF 500,000YesMulticurrencyYesSwitzerland Bank AccountCHF 5,000YesMulticurrencyYesCompanies must have an expected turnover of at least CHF 3,000,000.Switzerland Bank AccountCHF 3,000,000YesMulticurrencyYesDeposit must be maintained in crypto assets held through the bank's custody services. Minimum Average Balance for high risk jurisdictions should be 1-2Mio CHF.
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USA Bank Account - USD $ 1,400.00
USA Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsUSA Bank AccountUSD 100,000NoUSDYesmin deposit USD 100k and more AND/OR with revenues of USD 1MUSA Bank Accountfrom 10,000 but preferred 250K-300KYesUSD, MulticurrencyYesThey tend to focus more on technology/startup companies that are focused on growing and scaling through future equity raises and subsequent debt facilities.USA Bank AccountUSD 5,000YesUSDYesThe company should trade in Asia and the USA.
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Vanuatu Bank Account - USD $ 500.00
Vanuatu Bank AccountBankMin DepositCardsCurrenciesRemoteCommentsVanuatu Bank Account1,500 EURNoEUR, GBP, USDYesOutgoing USD transactions cannot be facilitated.
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EMI Account - USD $ 300.00
EMI AccountsEMIMin DepositCardsCurrenciesRemoteDNBC (CA) (former DSBC)N/ANoEUR, CAD, GBP, CHF, HKDYesHong Kong EMI AccountN/AYesMulticurrencyYesKazakhstan EMI AccountDepending on category.NoMulticurrencyYesLithuania EMI AccountN/AYesEURYesLithuania EMI AccountN/ANoEUR, CAD, GBP, CHF, HKDYesLithuania EMI AccountN/ANoEURYesLithuania EMI AccountN/ANoEUR, USD, GBP, SEK, JPY, HKDYesLuxembourg EMI AccountN/ANoMulticurrencyYesSingapore EMI AccountN/AYesSGD, USDYesUnited Kingdom EMI AccountN/AYesEUR, GBPYesUnited Kingdom EMI AccountN/ANoEUR, GBPYesUnited Kingdom EMI AccountDepending on category.NoEUR, GBPYes
Our bank account opening service is not just a mere introduction to the bank. We assist you in filling out the business plan forms appropriately and help you understand and provide business details, commercial information, and purpose/use of the bank account that a given bank wants to know in order to approve your account application.
Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Annual Fees – USD 3,900.00 (payable one year after incorporation, and annually thereafter)
- Preparing and filing Company Renewal and Annual Return
- Renewing the Foreign Currency Permit
- All applicable Government Annual Fees and Duties
- Maintaining the Minute Book, Registers and Statutory Records
- Preparing and Filing the Annual Return
- Providing Corporate Secretary Services for one year
- Providing Registered Office Services, including business address, for one year
Additional Services
- Accounting and Tax Services
- Audit Services
- Local Director Services
- Economic Substance Services (Local Directorship, Physical Office, Outsourcing of CIGA, etc.)
Please, contact us for further information.