When selling your property in Barbados, it is always best to have all the information on the property on hand. All documentation pertaining to the property including, but not limited to, plot plan, covered sq ft plan, land tax, utility bills, build restrictions, water courses,valuations, planning permissions, Offshore, Title Deeds etc. Listing: Strategic marketing is the shift to promoting your...
Buyer’s checklist: 1. What can I afford? Calculate your monthly income and debt.Speak to your mortgage broker today for the best rates and don’t be shy to shop aroundFigure out your down payment. 2. Determine what you want and need in a home. Choose a location (central, south, west, rural, suburban)Select a type (single family, townhouse, condo)Pick a comfortable and affordable price...
Taking out a mortgage is a major life decision and should only be taken after serious consideration. Here are some pros and cons to help you before you take the plunge. Let’s hear it for the advantages: Longer-term mortgages – 30-year mortgages mean although it's a longer commitment, it can be a more affordable option than before. Cost-effective borrowing – The interest rates on a...
Bethesda-based Marriott International Inc. (NASDAQ: MAR) announced Friday it has an agreement to buy Elegant Hotels Group, which owns and operates seven hotels and a beachfront restaurant on the island of Barbados. Per a release, Marriott’s all-cash offer values Elegant at roughly $199 million, including its $68.9 million in total net debt. Elegant’s seven hotels total 588 rooms,...
From a stable rate of return, appealing tax advantages and a step in building your wealth, Real Estate offers an appealing advantage. Here are 5 reasons why you should choose real estate: Not Volatile: Property has historically proven to be the sound choice. Your risk of loss is minimized by the length of time you hold on to your real estate. Real estate gives you more control of your investment...
Starting your business and finding the right space can be messy sometimes. The key to finding the right space is a combination of knowing your business & what your customers want when they are doing business with you. Reaching out to a commercial broker/agent often gives you a hassle free experience. I'm assuming you already have Cash or Capital funding or loan(s) in place as discussed in my last...
Business Financing in Barbados Looking for business funding to start or expand your business in Barbados? We have put together a list of funding sources which may be able to help you get started in securing a business loan. If you are working and starting a business on the side, your personal income may be able to help you secure your initial startup loan. Fund Access From our...
Regular Barbados Companies (RBCs) are generally incorporated under the Companies Act of Barbados and may only carry on international business with permission of the Central Bank of Barbados. Societies with Restricted Liability (SRLs) are organised under the Societies with Restricted Liability Act and may only carry on international business with permission of the Central...
International Business Investing in Barbados Non-national investors will need to submit an application for permission to invest in Barbados to the Exchange Control Authority (ECA). The functions of the ECA have been delegated to the Central Bank of Barbados and are carried out by the Foreign Exchange and Export Credits Department of the Bank. The applications are usually submitted by the...