Insurance Companies in Barbados

http://www.barbadosinsurances.com/new/companylist.phpInsurance Companies in Barbados

The Barbados Exempt Insurance Act states that for a company to qualify as an Exempt Insurance Company it must be incorporated in Barbados with a minimum capital of US$125,000, and at least one of its directors must be a resident citizen of Barbados.

Exempt Insurance Companies cannot insure risks originating in Barbados or risks of local residents.

Exempt Insurance Companies are taxed on their profits at the rate of 0% for the first 15 years and thereafter, 2% on the first $250,000 of profits.

They are also exempt from withholding tax and exchange control restrictions.

There is an application fee of US$250 for an Exempt Insurance Company and an annual licence fee of US$10,000.00.
For the past 18 years, Cititrust International Inc. has held a significant position as the largest international financial services provider in Belize. The firm is a member of a group of associated companies. These companies provide a full range of corporate and international banking services. Cititrust provides corporate services to implement, manage and maintain the full complement of international tax planning solutions for:

International Holding Corporate structures

International Trust and Estate solutions

International Real Estate Transactions

Cross Border Intellectual Property Transactions

Cititrust can also provide corporate services to maintain a full suite of legal entities, such as:

Belize, Barbados and Seychelles domestic and international business companies

Protected Cell companies

International Banking licenses

Captive Insurance

International Trusts

Turn Key E-commerce operations

Societies with Restricted Liability (S.R.L)

Mutual Funds - License procurement, set-up and administration

Hybrid Companies – Quasi Trusts

Limited Liability Partnerships

International Life Insurance - Single Premium Life Insurance

We take pride in our customer focused approach delivering personalized service. These services are centered on communication and attention to details. Our in-house speakers of Spanish and Mandarin Chinese ensure we can deal with challenging, multilingual markets across the globe.

A Cititrust International Inc. representative can come to your office, meet with you to discuss your requirements and explain the Cititrust approach.