The Companies (Economic Substance) Act, 2019 (Act 2019-43) (“ESA”) introducing economic substance requirements for companies in Barbados was approved by Barbados Parliament on 27 November 2019 in response to the work of the Organisation for Economic Cooperation and Development (“OECD”) …
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 …
Since our previous update in May, Barbados has continued to work with the Organisation for Economic Cooperation and Development (OECD) to complete all required changes with respect to the Base Erosion and Profits Shifting (BEPS) initiative and in response to …
CCSL is committed to ensuring that our clients are updated on legislative changes and the impact on conducting business through any relevant corporate entity. Below are the highlights of the proposed changes announced on November 20, 2018. Read the update …