The Barbados Stock Exchange (BSE) operates a secondary market for the trading of shares. Companies do not sell their shares directly to the public via the exchange. Instead, after companies have gone public and taken the decision to list, BSE provides a mechanism for any investor to purchase shares from existing shareholders who want to sell their holdings. The exchange also offers mutual fund listing services.
Year Founded: 1987
Location: Bridgetown, Barbados
Currency: Barbadian Dollar (BBD) (1 BBD = 0.50 USD)
Trading Hours: 10:00 AM —1:00 PM
Capital Gains Tax: None
In Barbados, no tax is levied on capital gains. However, dividends and interest are subject to income tax. Moreover, regular capital gains on the disposal of real property may be taxed as business income. Here’s more information about the tax rules in Barbados.
Company Listings: These 21 companies have equity shares listed on BSE
Brokers: These 9 Brokers can facilitate trading on BSE
QUICK FACTS ABOUT TRADING ON BSE:
How do I trade on the Barbados Stock Exchange?
To buy or sell the shares of a company listed on the exchange, an investor must be 18 years of age, and must contact an authorized broker to carry out the transaction on the person’s behalf. Registered BSE brokers are the only entities able to place buy and sell orders on the exchange. Contact details for BSE Brokers can be found HERE.
Trading on the BSE is conducted Monday to Friday between the hours of 10:00 AM and 1:00 PM, with a pre-open session occurring between 9-10 AM. For administrative matters, office hours for the BSE are Monday to Friday 8:00 AM to 4:00 PM.
Who regulates BSE?
The Barbados Stock Exchange and its wholly owned subsidiary, the Barbados Central Securities Depository (BCSDI) are designated as Self Regulatory Organizations (SROs) under the Securities Act and are regulated by the Financial Services Commission. The Barbados Stock Exchange Inc. is a member of the World Federation of Exchanges with Correspondent Status.
Barbados is the wealthiest and one of the most developed countries in the Eastern Caribbean, with one of the highest per capita incomes in the region. Historically, the Barbadian economy has relied heavily on sugarcane cultivation and related activities. However, the economy has diversified into light industry and tourism more recently. Offshore finance and information services have also become an important source of foreign exchange, boosted by the nation’s proximity to eastern US financial centers and by a relatively highly educated workforce.
While growing tourism, construction, financial services and exports are supporting economic expansion, Barbados’ high public debt-to-GDP ratio and falling international reserves remain areas of concern. Growth prospects are limited because of a weak economic outlook.