An FSC is a foreign corporation established in an approved location by a United States export company. The FSC legislation allows the U.S. government to reduce the tax rate on companies engaged in export and remain within the bounds of international trade restrictions. An FSC must satisfy certain conditions relating to a foreign presence, foreign management and foreign economic process.
Negotiations are underway with Cuba, Italy and several South American countries.
International banking and financial houses have been attracted to Barbados as a result of its tax incentives, the high quality of professional services and the reputation of Barbados as a reputable Offshore Banking Center. The Barbadian subsidiary aims to meet the needs of those individuals who require the services and benefits of an offshore bank. This site contains a range of information about the Central Bank of Barbados in the Caribbean including general information on the Bank, its publications, a listing of working papers. The Excelsior Bank - Bridgetown, Barbados. Barbados is an independent state and the easternmost island of the West Indies.