Regulatory Alerts2020-02-13
Added · Updated
Exchange Control Circular No. 06 - Registration and Repatriation of Foreign Investment by Non-Residents
The Central Bank of Barbados issued Exchange Control Circular No. 6 to establish procedures for the registration and repatriation of foreign investment by non-residents. The document defines eligible foreign investment forms, including loan capital, real estate funds, and equity, and specifies the required documentary evidence for each category. It further mandates that non-residents submit Form FC to repatriate net proceeds from sold or liquidated investments, allowing direct crediting to foreign currency accounts or remittance abroad when proceeds are in foreign currency.
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