1) NUMBER OF NEW INTERNATIONAL BUSINESS ENTITIES1 LICENSED FOR THE YEARS 2007-2014 Entity 2007 2008 2009 2010 2011 2012 2013 2014 438 442 IBCs 506 481 379 420 511 393 0 0 0 0 0 0 0 0 Exempt Insurance Companies 9 10 5 9 21 8 20 11 Qualifying Insurance Companies 8 11 7 3 5 1 1 2 Exempt Insurance Management Companies 1 3 1 1 2 4 0 14 5 3 4 2 2 1 0 2 151 83 19 11 28 27 30 30 FSCs2 Offshore Banks International Societies with Restricted Liability Sources: Ministry of International Business, Ministry of Economic Affairs and Development (Economic & Social Report 2014), Financial Services Commission, Central Bank of Barbados Notes: 1The Figure represents the number of licenses issued to new international business entities. 2 As a result of the WTO ruling against FSCs, no new licenses were issued. 

2) Total Number of IB Entities Licensed for 2007 - 2014 Entity Foreign Sales Corporations* Exempt Insurance Companies Qualifying Insurance Companies Exempt Insurance Management Cos. International Societies with Restricted Liability Offshore Banks International Business Companies 2007 2008 2009 2010 2011 2012 2013 2014 54 33 18 18 21 19 10 15 164 164 158 166 156 163 179 182 55 68 73 76 76 51 45 42 24 21 26 23 20 23 22 22 417 524 486 397 319 321 316 268 49 48 50 45 45 45 45 36 2,448 2,995 2,859 2,644 2,785 2,863 2,932 2,504 Sources: Ministry of International Business, Ministry of Economic Affairs & Development (Economic & Social Report 2014), Financial Services Commission, Central Bank of Barbados *These figures represent existing FSCs that renew their licenses annually. As a result of a WTO ruling, the FSC regime will be phased out over time. Updated April 25, 2016