Client Update October 2021

Since our last legislative update in December 2019, the following pieces of legislation and Statutory Instruments, were passed and are in effect: Companies (Amendment)(No 2) Act 2019-51 Companies (Economic Substance)(Amendment) Act 2019-61 Companies (Amendment) Act 2020-31 Companies (Economic Substance)(Amendment) Act …

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Companies (Economic Substance) Act 2019-43

An Act to provide for the imposition of an economic substance test on companies conducting business in Barbados and for related matters.[Commencement: 29th November, 2019]

Barbados Economic Substance Guidelines

The Companies (Economic Substance) Act 2019-43 (ESA), which introduces economic substance requirements for companies in Barbados, was approved by the Barbados Parliament on 27 November 2019 in response to the work of the Organization for Economic Cooperation and Development (“OECD”) …

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