Since Covid, there has been a large increase in the number of persons purchasing properties in the Caribbean. A lot of investors are realising that adding a real estate property from the Caribbean is the way forward. They decide to place the property in a rental pool while utilizing the property as a vacation home […]
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Are you relocating to the Caribbean and need guidance on any of the below:- Please check out www.pawfectionbb.com where you can book a consultation with pet-importing experts. If you have any questions please do not hesitate to contact us at support@afbconsultingservices.com
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When you exchange Barbados Dollars for foreign currency, the Central Bank of Barbados applies a 2% Foreign Exchange Fee (FXF) on the Barbados Dollar value of the transaction. For example, if you exchange BBD $100 for US Dollars at an authorised dealer, the 2% Foreign Exchange Fee will be applied ($100 – 2% = $98).
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One of the main benefits of buying real estate through a holding company is the protection of personal assets. A holding company is a separate legal entity from the individual or business owner, which means that the assets of the company, such as the property, are separate from the assets of the owner. Alot of
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Companies incorporated in the BVI are, by most measures, the most popular offshore holding structure in the world. Whilst offshore vehicles are used for a wide variety of different purposes globally, there are several common factors that feed into the success of the BVI product. Whilst the most popular BVI vehicles are companies, BVI trusts
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The simple answer to this question is YES! Yes you can and should open and maintain a USD bank account in Barbados if you earn or have access to USD$ currency. Top 5 reasons why you should open a USD bank account in Barbados:- If you need help opening a USD account in Barbados message
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Being in the financial industry for over twenty years, I have frequently heard many people say that it is impossible to get a mortgage when you are self-employed. Frankly, I have heard that it is impossible to get financing period once you are self-employed. Once believed, this myth can cost your financial future. Not many
This is one of the most frequently asked questions about mortgage finance. Since everyone wants to know this amount, I’ve calculated it as simply as possible. First, a bank always looks at expenses monthly. Never annually, so if you are self-employed, you can easily use these steps to calculate what you qualify for by dividing
What Size Mortgage Can I Afford? Read More »
Have you ever been dealing with a Bank and during the discussion some terms came up that you were a little too shy to ask the definition? We have all been there before – this list of terms seeks to address their definition as simple as possible. Why learn these definitions? Well this is about
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First thing I want you to have mercy on yourself. You would be surprised at the amount of people that have been in your current position. Life right now is extremely challenging and with inflation at an all time high your finances can quickly get out of control. Give yourself a hug right now for
What Should I Do If I Cant Make My Loan Payment? Read More »
