| The 35 % Income Tax
exemption on the salary of persons recruited from abroad to Exempt Insurance
Companies is granted by the Minister of Finance in accordance with the
Exempt Insurance Act, Cap 308A of the Laws of Barbados. |
|
The
application is considered in a case where the Minister is satisfied
that a licensee must use the services of specially qualified persons
in order to do its business effectively from within Barbados and that
it is unable to acquire those services within the Caribbean Community.
|
| Application letters
must be forwarded to the Permanent Secretary, Ministry of Finance and
must be accompanied by the following: |
| -
copy of a work permit; |
|
-
curriculum vitae.
|
| The decision of the
Minister of Finance is formally communicated to the applicant and the
relevant Government Departments. |
| |
