Labor Laws in Barbados
- Annual Leave: 3 weeks
- Maternity Leave: 12 weeks
- Public Holidays: 12
- Workweek: 40 hours per week.
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Capital:
Bridgetown
Language:
English
Currency:
Barbados Dollar
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A resident of Barbados pays taxes on all income earned worldwide. A non-resident only pays taxes on income earned in Barbados and cannot claim personal deductions.
Residents and non-residents are taxed at progressive income tax rates ranging from 12.5% to 28.5%.
VAT is levied at 17.5% on the value of a wide range of goods and services imported or supplied in Barbados by VAT-registered persons.
Every individual between the ages of 16 and 65, who is gainfully employed in Barbados under a contract of service, must be insured under the National Insurance and Social Security Act
The employee’s share is 11.1%, with the employer paying 12.75%. Self-employed individuals make quarterly contributions of 17.1% on earnings of up to a maximum of BBD 5,200 per month.
Here is work visa information for Barbados, download our guide for an extensive breakdown.
Foreign nationals and foreign companies are allowed to establish companies in Barbados.
Foreign nationals employed by these companies in Barbados must obtain work permits.
No quota system exists for issuing work permits; each application is evaluated on its own merit. To approve a work permit application, the government must be satisfied that no suitable Barbadians can fill the vacancy.
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We handle hiring, HR, and payroll while ensuring compliance with local regulations, all without establishing a local entity.
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