Minister of Tourism, Ian Gooding-Edghill, announced in Parliament yesterday that two hotels in Christ Church, the Blue Horizon Hotel and Savannah Beach Club Hotel & Spa, are now up for sale. Negotiations are currently underway for the sale of the Savannah Beach Club Hotel & Spa, with the Minister aiming to conclude the deal by the first half of the financial year. The sale of the Blue Horizon...
Barbados is a beautiful island nation in the Caribbean that is known for its clear waters, stunning beaches, and vibrant culture. Many people dream of owning a property in this idyllic location, but is it a good investment? In this article, we will explore what it is like to invest in property in Barbados and offer some tips for first-time buyers. Why Invest in Barbados? Barbados is a popular...
Here are top things that Barbados is known for? Beautiful Beaches: Barbados is renowned for its stunning beaches, with powdery white sands and crystal-clear turquoise waters. From quiet, secluded stretches of sand to the chic beaches of the Platinum Coast, there's something for every beach lover to enjoy. Excellent Snorkeling: With impressive visibility, warm waters, and a diverse array of marine...
The Massy Group, a Caribbean multinational headquartered in Trinidad and Tobago, is looking to dispose of one of its iconic properties in Barbados, the Massy Dome in Warrens, and is asking $40 million for it. According to the company's 2022 annual report, the Massy Group is divesting itself of underperforming assets and non-core operations as part of its strategy moving forward. Chairman of Massy,...
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...