On the 3rd of May 2017 Cyprus signed double tax treaty with Barbados.
 

Nil withholding tax on dividends, interest and royalty payments

 
The treaty is based on the OECD Model Convention and provides nil withholding tax on dividends, interest and royalty payments. The treaty will enter into force after formal ratification and with respect to taxes will have effect on or after 1st January following the date the treaty enters into force.

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