Since our last legislative update in December 2019, the following pieces of legislation and Statutory Instruments, were passed and are in effect:
Companies (Amendment)(No 2) Act 2019-51
Companies (Economic Substance)(Amendment) Act 2019-61
Companies (Amendment) Act 2020-31
Companies (Economic Substance)(Amendment) Act 2021-10
Corporate (Miscellaneous Provisions) Act 2021-19
Companies (Amendment) Regulations 2021
Kindly note that with the implementation of the Companies (Economic Substance)(Amendment) Act 2021-10, updated Barbados Economic Substance Guidelines have been issued effective August 31st 2021.