In-depth – Banking Regulation
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News
The Foreign Currency Permits Act 2025-5
Originally published in Business Barbados 2025 Edition The new Foreign Currency Permits Act expands the scope of qualified persons and introduces new benefits, enhancing the ease of doing business in Barbados In 2018, the foreign currency permit regime was introduced …
Driving Innovation: Barbados as a Rising Hub for Commercial Development
Originally written for Business Barbados 2025 Edition. Barbados is Building a Thriving Business Ecosystem Through Innovation, Strategic Investment, and Sustainable Development “In Barbados, we are committed to building the kind of education, business and investment ecosystem that will make the …
Barbados Enhances Notarial Services
New Notaries Public Act 2024 expands access, improves efficiency, and aligns Barbados with global standards. Originally written for Business Barbados At some point in many people’s lives, they will require the services of a notary public. A notary public or …
Chancery Chambers Welcomes Two New Partners
Photo (L to R): The Partners of Chancery Chamber s– Giles Carmichael, Angela A. Robinson, Sir Trevor Carmichael, Niara Fraser and Andrew Ferreira. Bridgetown, Barbados; March 11, 2024: In a strategic move to further fortify its position as a leader …
Client Update May 2023
The Companies (Economic Substance) Act, 2019 (Act 2019-43) (“ESA”) introducing economic substance requirements for companies in Barbados was approved by Barbados Parliament on 27 November 2019 in response to the work of the Organisation for Economic Cooperation and Development (“OECD”) …
Client Update October 2021
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 …
Can I approve a dividend?
Clients have faced issues with the approval of dividends in their audit process. Chancery provides the basic framework that directors and managers should be addressing prior to approving dividends to avoid potential pitfalls after the fact. Read More
Dr. Sir Trevor Austin Carmichael Awarded Knight of St. Andrew
In November 2013, Sir Trevor Austin Carmichael, K.A., LVO, SCM, Q.C. received the Knight of St. Andrew, Barbados’ highest honour during the country’s National Independence Honours. Sir Trevor was honoured for his outstanding contribution to the financial services sector, international …