Limited partnershipBarbados
What it takes to form, own and run a limited partnership in Barbados, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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general partners, who shall be liable for all debts and obligations of the firm, and 1 or more persons to be called limited partners,
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partnership, of more than 20 persons, and shall consist of 1 or more persons called general partners,
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contribute thereto a sum or sums as capital or property valued at a stated amount
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You are a member of a partnership that carries on a trade or business.
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Yes
What it takes to form
- A notary
- Not required
- A resident director
- Does not apply
- Paying up the capital
- Each limited partner contributes, on entering the partnership, a sum as capital or property valued at a stated amount (Limited Partnerships Act s.3(2)); the registration statement gives the sum contributed and whether it is paid in cash or otherwise (s.7(g)); a limited partner may not draw out any part of it (s.3(3)).
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contribute thereto a sum or sums as capital or property valued at a stated amount
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 2 · at most 20
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partnership, of more than 20 persons, and shall consist of 1 or more persons called general partners,
- A local company secretary
- Does not apply
- A local registered agent
- Not required
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by post or delivering to the Registrar a statement signed by the partners containing the following particulars
Each year, at the registry
Not in our records Annual registry fee, Accounts on the public record, Audit for a small company, Audit: none of these is in our records for the Limited partnership.
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Limited partnership are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Limited partnership.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Through owners+1 regime
Not taxed as a company: each owner files an annual Personal Income Tax return on the profits of the trade or business (BRA self-employment page).
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You are a member of a partnership that carries on a trade or business.
Special regimes that may apply
- Foreign currency permit free zone
A qualified person — a company, external company, firm, society or trustee of a registered trust — that earns 100 per cent of its annual income in foreign currency, and holds a permit granted by the Director of International Business Foreign Currency Permits Act, 2025-5, ss. 9 and 10
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in Barbados
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Limited partnership.
Every business in Barbados
VAT
- Standard rate
- 17.5%
A 22% rate applies to telecommunications services and a 7.5% rate to accommodating direct tourism services.
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The VAT Rates are as follows: 0% - Zero-rated items 7.5% - VAT on accommodating direct tourism services 17.5% - Rate for standard supplies 22% - VAT on telecommunications services
- Other rates
- 7.5% Accommodating direct tourism services
- 0% Zero-rated items
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The VAT Rates are as follows: 0% - Zero-rated items 7.5% - VAT on accommodating direct tourism services 17.5% - Rate for standard supplies 22% - VAT on telecommunications services
- Registration threshold
- BBD 200,000
annual income or monthly revenue from taxable supplies; annual, or monthly revenue above 16,666.67
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Persons who meet the following criteria must register for VAT: Persons whose annual income is $200,000 or more Persons whose monthly revenue is greater than $16,666.67
- A foreign company
- See the note
The Barbados Revenue Authority pages read set out who must register, the rates and the filing periods, but say nothing about non-resident suppliers.
- Returns filed
- Monthly
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The VAT filing periods are shown in the below table: Reporting Period Period Period Number Category Dec 01 - Jan 31 1 202201
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
None of the services whose lists we hold names Barbados. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Limited partnershipDerived our grouping, the same words in every country
- Name in law
- Limited partnership
- ISO 20275 code
- X2X1Secondary GLEIF, Entity Legal Forms code list