Barbados in a Nutshell - 2022 - EBook

163 How it works It’s important to note that this visa is for remote work only i.e. for companies and individuals outside of Barbados. What does this mean for you? Well, a couple things: 1. You will not be liable to pay Barbados Income Tax and therefore will not be subject to any double taxation. 2. Visitors will be subject to Barbados’ 17.5% VAT on any products and services purchased on island. 3. If you ultimately decide to start a business here in Barbados, we have a very competitive corporate tax rate of between 1%-5.5%. To find out more, visit Invest Barbados. Welcome Stamp businessbarbados.com investbarbados.org