Regulatory Alerts2020-02-13
Added · Updated
Exchange Control Circular No. 09 - Transfer of Land, Buildings, or Other Hereditaments Situate in Barbados
The Central Bank of Barbados requires Exchange Control permission for any transaction involving the transfer of land, buildings, or other hereditaments in Barbados where a non-resident is involved. Applications must be submitted using Form TR for consideration. Payment for such real property purchases by non-residents must originate from outside Barbados or from funds eligible for remittance from Barbados. The Bank may consider domestic mortgage facility applications for non-residents investing substantial external funds in productive enterprises or those making loan payments from abroad.
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