Bringing money into Barbados
Exchange controls restrict the ability of non-residents to obtain loans in Barbados. The correct procedures must be followed when bringing in funds for your purchase and repatriating your gain when you come to sell.
Your funds will have to be registered with the Central Bank of Barbados to ensure repatriation of money following your sale. Non-residents also need permission to purchase the property from the Exchange Control Authority of the Central Bank of Barbados.
We can set up an offshore company to hold your property to simplify repatriation of any gain from the sale of your property. The cost of setting up and running a company structure would, of course, need to be offset against the potential savings in time and money.
