Regulatory Alerts2020-02-13
Exchange Control Circular No. 15 - Gifts and Donations
The Central Bank of Barbosis issued Exchange Control Circular No. 15 to regulate foreign currency gifts and donations by Barbadian residents. Authorised Dealers are delegated authority to approve such transactions up to BDS$10,000 equivalent per calendar year without prior Bank reference. Applications exceeding this limit must be submitted to the Bank via Form FC for approval.
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