Your trusted business manager
Capabilities
Centurion Management Services Ltd.
(“Centurion”) is a management services company which offers predominantly responsive and professional management services amongst other related services to Barbados resident companies. Centurion, an affiliate of Chancery Chambers, was first conceptualized and brought into fruition due to the adoption by Barbados of Economic Substance legislation in accordance with the OECD’s BEPS Project including the Action Plan 5. This legislation requires certain companies engaging in certain income generating activities in Barbados to be directed, managed and controlled in Barbados.
Our affiliate Chancery Chambers was founded in 1977 and it provides a full complement of legal services to national and international clients.
Depth of knowledge and experience in the international business and insurance regulatory environment is a hallmark of Centurion’s management services.
We are DRIVEN for service excellence
Diligent
We are committed to ensuring that you receive the highest quality in our daily actions towards your business facilitation.
Reliable
Barbados continues to be a reputable jurisdiction, with a sound infrastructure and professionals you can trust with your investment.
Integrity
This is core to our business processes and has become second nature in everything that we undertake.
Execute
We are responsive and determined to accomplish tasks set the first time of asking.
Vision
Operating in an ever changing and fast paced environment, we are constantly seeking innovations to ensure that client needs are met in an efficient manner.
Why Barbados?
Barbados’ financial services industry is built on a solid basis of regulation and supervision. When the jurisdiction achieved political independence in 1966, it had already achieved a high level of fiscal maturity as a result of the well run and established safeguards and policies instituted under British rule. Present day Barbados is reflective of that legacy and its supervisory ethos is often the envy of many small – and large – jurisdictions.
Institutionally, the pillars of regulation and supervision are reflected in the following: The Central Bank of Barbados; the Financial Services Commission; the Anti Money Laundering Authority and its Financial Intelligence Unit; and the Ministry of International Business and its Licensing Division. These institutions along with our legislation provide for a fair and consistent regulatory environment for international business.
Barbados Economic Substance legislation in 2018 and 2019 was a recognition that its compliance within the greater economic community required a swift adoption of legislation to comply with OECD’s BEPS Project and the Multilateral Instrument to which it is a party. For inasmuch as the jurisdiction had continued to experience a long tradition of a vibrant and transparent international business sector, it was only natural that to maintain its reputation of a jurisdiction substance to adopt this legislation.
Barbados is easily differentiated from other Caribbean financial centres because of a commitment to a low tax jurisdiction philosophy. It focuses on treaties and active businesses as opposed to volume driven, zero tax international business companies. The Barbados brand is one of transparency and trust, and it has the ability to engender confidence and certainty.