Serving the International Business Sector for over 25 years
About HBW   About Barbados   Services Offered » Management of International Business Companies » Management of Exempt Insurance Companies » Management of Societies with Restricted Liability   Associated Links   Contact Us	Societies With Restricted Liability (SRL) The Societies with Restricted Liability Act also offers investors the opportunity to take advantage of Barbados` network of tax treaties. An SRL may be recognized as a corporation or a partnership, with existence limited to 50 years. SRL`s are similar to a LLC in the USA, using the "check the box rules." Major Points of the SRL: Limited liability Maximum tax rate of 2.5% and minimum of 0.25% Foreign tax credit (conditional) No exchange controls No capital gains tax No estate duty No minimum capital requirements Import duty concessions International SRL`s are designed for use in international transactions and are treated as an IBC for the purposes of taxation and other tax concessions. Advantages of Having an Offshore Entity in Barbados Low taxes Excellent telecommunications systems Professional service providers Highly-educated workforce Confidentiality Well-established banking system
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