Barbados
Barbados is measured on 1 of the 4 factors. No published figure exists for safety or cost of living or education, so it is not ranked: an average over some of the factors is a different quantity from an average over all of them, and comparing the two would reward the gap. The figures below are published as they stand.
How Barbados performs
Tax
Lighter than most. Taxes here are below average: Barbados is 44th of 123. Most people keep a good share of their income and business profit. Personal income tax 28.5%, corporate tax 9%, VAT 17.5%.
Source: Heritage Foundation, Index of Economic Freedom (Tax Burden sub-score)
Safety
Data not available for this country.
Source: Institute for Economics and Peace, Global Peace Index
Cost of Living
Data not available for this country.
Source: Numbeo Cost of Living Index
Education
Data not available for this country.
Source: UNDP & MBRF, Global Knowledge Index
Every figure is published by the institution named against it. We do not adjust, model or estimate the underlying values. See the formulas.
The detail behind the scores
Taxation
| Corporate income tax | 9% |
|---|---|
| Personal income tax | 28.5% |
| Standard VAT | 17.5% |
Rates change without notice. Confirm with the relevant tax authority before acting.
Naturalization Requirements and Immigration Pathway
- Residence for naturalization
- 5 years
- Language requirement
- No
- Investment Immigration Pathway
- Barbados Special Entry Permit
- Official language
- English
- Dual citizenship
- Allows dual citizenship
Dominican Republic
Trinidad and Tobago
Jamaica