Regulatory Framework

Exchange Controls

Update on Exchange Control Liberalization

The process of exchange control liberalization began in the mid-nineteen-nineties when commercial banks were granted delegated authority to approve payment for several trade transactions which hitherto required the prior approval of the
Central Bank. The pace of liberalization was accelerated over the last five years so as to enable Barbados to meet its obligation under the Caribbean Single Market and Economy (CSME).

Update on Exchange Control Liberalization ( 95KB) »

Exchange Control Forms

• FORM PP - APPLICATION TO MAKE PERIODIC PAYMENTS
• FORM TR - APPLICATION TO TRANSFER LAND, BUILDINGS OR OTHER HEREDITAMENTS
• Form FI - APPLICATION TO REGISTER FOREIGN INVESTMENT IN BARBADOS
• Form FC - APPLICATION TO PURCHASE FOREIGN CURRENCY (NOT FOR IMPORTS)
  

NOTE: Forms FC, PP and FI must be verified by an Authorised Dealer before being submitted to the Central Bank of Barbados.

Bank Supervision

• Confidential Statement - of Prospective Shareholders, Directors & Executive Officers