Category of Transaction

Rentals from Real Estate

Approving Authority Required

Applications should be considered by the Commerical Banks unless transaction is in excess of BDS$250,000 where it must first be approved by the Central Bank

Allowance

BDS$250,000 per transaction

 Applicant Status

Residents and Non-Residents of Barbados

Documentary Evidence Required

1. Form FC (not for Imports)

2. Last Land Tax Receipt related to property

3. Receipts for the period evidencing rental proceeds

Steps to Take

Further Instruction

See Circular #7 for full details of Remittance of Dividends, Profits, Interest and Rentals from Real Estate