barbados investments

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...

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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