barbados business

WORK FROM PARADISE

WORKING REMOTELY FROM BARBADOS — a special visa for remote workers who want to work and live in Barbados. ''Welcome to Barbados! On behalf of our beautiful island of Barbados, I would like to extend a warm welcome to you. Although the COVID 19 pandemic has been a tremendous challenge to people around the world, we believe it has also opened up opportunities.We recognise more people are...

Mortgages – Yay or Nay?

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...

Marriott buys big into Barbados with plans for all-inclusive resorts. And it bought a New York hotel, too.

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,...

5 Reasons why Real Estate is the better investment

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...

How to Avoid Common Commercial Leasing Mistakes in Barbados

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...

Where to look for Business Financing in Barbados

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...

Facts to know when Investing in Barbados

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...

Barbados approves blockchain fintech company Bitt for regulation

BRIDGETOWN, Barbados — It was announced this month that on July 5th, Bitt Digital Inc. became the first company to complete and exit the Regulatory Sandbox guided by the Central Bank of Barbados and the Financial Services Commission. The Sandbox provided Bitt with the opportunity to test its blockchain-based financial technology (fintech) products, services, and business models in a controlled...

Local foreign currency accounts in Barbados

Local foreign currency accounts in Barbados

Barbadians will be able to open local foreign currency accounts soon. This was announced by Minister in the Ministry of Finance, Ryan Straughn. Starting 2 August 2019, this facility would be available to all residents, but it could not be bolstered by purchasing currency from the local foreign exchange pool. Instead, Straughn explained, they were putting the regulatory framework in place to...

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