This jurisdiction has a number of taxes that need to be overcome that right off the top make this a less than favorable jurisdiction. Why go offshore if taxation in the offshore jurisdiction is going to be a problem.

Barbados has a number of Tax Treaties that turn us away from this jurisdiction right off the top. Tax treaties open the door to wholesale fishing expeditions where records are turned over just to see if maybe there was a tax violation.

As of the year 2006, Barbados has 14 tax treaties in effect with the following countries: The Caribbean Common Market (CARICOM), the United States, Canada, United Kingdom, Finland, Norway, Malta, Sweden, Switzerland, Cuba, Venezuela, China, Mauritius and Botswana. Treaties with Austria and the Netherlands are expected to be added in soon. The Barbados / US tax treaty dates from 1984, and was accompanied by an exchange of tax information agreement The US treaty was further amended in 2004 in what was said to be an attempt to counter tax evasion. Here is a link to the Barbados/USA Tax Treaty:

http://www.irs.gov/pub/irs-trty/barbados.pdf

Barbados has too many Tax Treaties for us to take this jurisdiction seriously as being able to preserve privacy.

Barbados has no anonymous bearer share corporations as well.

We do not consider Barbados a valid privacy oriented jurisdiction. This is one to avoid.

For more information on Offshore Jurisdictions go here: http://www.panamalaw.org/

Source: www.ezinearticles.com