Invest Barbados Your place is here...Grow with Us!





Barbados offers an excellent location from which to manufacture high end products. The island is ideally suited for niche manufacturing products that require a world class infrastructure including excellent air and seaport facilities, as well as a highly educated and skilled work force. Investment opportunities include:

• Medical supplies

• Optical devices

• Printing and publishing

• High fashion apparel

• Leather items

• Electronic components & subassemblies


• Jewellery

• Agro-processing

• Pharmaceuticals

Incentives available to manufacturers include provisions under:

The International Business Companies Act
The Societies with Restricted Liability Act

In addition, manufacturers may also benefit from:

• Full exemption from import duties on components, raw materials and production equipment

• Capital allowances on fixed assets

Export allowance on profits generated from outside of CARICOM

• Factory accommodation in well-planned industrial parks, on rental or lease basis

• Training grants based on wages paid to employees during the initial operating period

• Duty-free access to CARICOM countries providing the products satisfy origin criteria

Preferential market access of Barbadian produced goods to various countries



Export Allowance

A manufacturer, who exports his products outside of CARICOM, is entitled to an export allowance. The allowance is given in the form of a credit against corporation tax, and depends on the ratio of the company's export profits to its total profits.  Effective January 1, 2019, the rate of corporate tax for a manufacturing enterprise will be 5.5% - 1.0%.


Export Profits as a % of Total Profits

Tax Credit as a % of Tax on Export Profits

Effective Tax Rate for Manufacturing Enterprises

up to 20 35 9.75
21-40 45 8.25
41-60 64 5.4
61-80 79 3.15
81 and over 93 1.05


Back to top

Pages: 1 2 3 4 5 6 7 8 9 10