Barbados (BB)

Jurisdiction Overview

418 *Freeports: Are freeports/free trade zones/foreign trade zones/bonded warehouses promoted as places to store valuable assets (e.g. gold bullion, art, precious stones, jewelry, cash, antiquities, wines, cigars, cars)? Yes
 Data Date: 2019


Barbados does not seem to have a preferential regime zone or promote the use of such zone. However, a renouned company in the private security and storage business was found to promote "High security storage of data and valuables" in Barbados ( As of October 2019, the company appears to be active in the jurisdiction ( While no explicit link to free zone or bonded storage was found, import duty exemption regimes and general non-taxation in the jurisdiction create an environment that is substantially equivalent. For example, International Business Companies are exempt from improt duties ( Thus, we conclude that Bermuda businesses promote high value storage services within a fiscally preferential regime.