Barbados Company Restoration

If your Barbados company has been struck off or dissolved, we can assist with Barbados company restoration, helping you reinstate your company on the Companies Register. Restoring your company to Good Standing will enable you to resume operations and comply with legal requirements.

To restore your company, you must bring all filings up-to-date and settle any outstanding license fees and registry penalties with the Barbados Corporate Affairs and Intellectual Property Office.

Barbados Corporate Affairs and Intellectual Property Office

The function of the Corporate Affairs and Intellectual Property Office is to support international trade and business. International Offshore entities are registered with a Registered Agent in Barbados under the International Business Companies Act, Chapter 77.

Removal from Register – Barbados Companies Act

412. (1) The Registrar may strike off the register a company or other body corporate, if
(a) the company or other body corporate fails to send any return, notice, document or prescribed fee to the Registrar as required pursuant to this Act;
(b) the company is dissolved;
(c) the company or other body corporate is amalgamated with one or more other companies or bodies corporate;
(d) the company does not carry out an undertaking given under subparagraph (i) of paragraph (a) of section 416; or ss.410-412
(e) the registration of the body corporate is revoked pursuant to this Act.
(2) Where the Registrar is of the opinion that a company or other body corporate is in default under paragraph (a) of subsection (1), he must send it a notice advising it of the default and stating that, unless the default is remedied within 30 days after the date of the notice, the company or other body corporate will be struck off the register.
(3) Section 414 applies mutatis mutandis to the notice mentioned n subsection (2).
(4) After the expiration of the time mentioned in the notice, the Registrar may strike the company or other body corporate off the register and publish a notice thereof in the Gazette.
(5) Where a company or other body corporate is struck off the register, the Registrar may, upon receipt of an application in the prescribed form and upon payment of the prescribed fee, restore it to the register and issue a certificate in a form adapted to the circumstances.
413. Where a body corporate is struck off the register, the liability of the body corporate and of every director, officer or shareholder of the body corporate continu

Late filing fines – Annual Returns

Failure to pay attracts a penalty of BDS$10.00 for each day until date of filing.

AR 2019 – DBS$14,600
AR 2020 – $10,950
AR 2021 – $7,300
AR 2022 – $3,650
AR 2023 due by March 31st

2022 Return BDS$ 3650.00 late penalty plus $100.00 filing fee or US$1875.00
2023 Return BDS$ 100.00 filing fee or US$50.00

Fees

External Company Annual Returns USD 50 per return (Government fee)
Articles of Revival USD 800 (Government fee)
Fee to file Annual Returns 300
Fee to prepare & file Articles of Revival 950