Barbados Partnerships:

Partnerships fall under the Partnerships Act Cap 313 as amended, which is basically similar to the English Partnership Act 1890. No registration of partnerships is necessary, and there does not have to be a written partnership agreement. Partners are liable for the whole debts of the partnership.

Partnerships are fiscally transparent, and the partnership tax assessment will fall on the partners individually. Apart from the need to file a tax return, there are no filing requirements for partnerships.

Barbados Limited Partnership:

Barbados Limited Partnerships are governed by the Limited Partnerships Act Cap 312 as amended. The maximum number of partners is 20 (but only 10 if the business of the partnership is banking).

There are one or more general partners, with unlimited liability, and a number of limited partners. A Limited Partnership must be registered with the Registration Office; otherwise it will be deemed to be a general partnership.

Barbados Exempted Limited Partnership:

Barbados legislation for Exempted Limited Partnerships is about to be implemented. They will be equivalent to International Business Companies in many respects, including the restrictions on local trading and their tax treatment (see Offshore Legal and Tax Regimes).

Version date: 07.05.06