Clearco co-founders became legal residents of Barbados during COVID-19 pandemic

Company established Barbados subsidiary, has paid for employees’ travel to the country to meet with the co\u002Dfounders

“We are a deeply proud Canadian company,” Romanow said, speaking against a background illuminated with red and white. “Last year, we entered 10 countries around the world and kept those Canadian roots as we did this. I’m still so bullish on the Canadian economy and growing here.”

Clearco has since been among the many Canadian tech companies struggling with its footing amid industry headwinds. On July 29, it announcedThis advertisement has not loaded yet, but your article continues below.Former employees said D’Souza and Romanow were open with staff about their whereabouts, and regularly called in to meetings from Barbados.

Rosen-Wachs declined to confirm exactly when D’Souza and Romanow became legal residents of Barbados, but filings for Clearco in the United Kingdom and Canada list Barbados as their country of residence dating back to at least March 2021.

“​​Michele and Andrew are and will remain fully compliant with all of their Canadian tax obligations,” Rosen-Wachs said.

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fpinvesting /  🏆 43. in CA

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