Okay to invest

Minister of State in the Prime Minister’s Office Senator Darcy Boyce. (FP)

By Mike King | Wed, June 20, 2012 - 12:11 AM

PERSONS with a net worth of over $10 million and retired staff of regional institutions now have the green light to invest here as Government expands its special entry permit scheme.

Minister of State in the Prime Minister’s Office Senator Darcy Boyce told the Senate yesterday that the new measure would earn Barbados foreign exchange and improve the property market.

Boyce, who has responsibility for Energy, Telecommunications, Immigration and Invest Barbados, said the scheme had also been broadened to cater for the (foreign) parents of Barbadian citizens so that they could come and live with their children.

“It is really targeting people with high skills, entrepreneurs who have done well elsewhere and are retired or people who have made it rich and come to Barbados.

Read the full story in today's MIDWEEK NATION.

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Posted by Pan Wallie 11 months ago: I am yet to understand how investments would be possible with the Central Bank instructions or should I say regulatory control on commercial banks vis-a-vis opening of new accounts by expatriates. The whole exercise is one sorry mess after you provide all that is required. Some banks insist on doing bank to bank references themselves, but in this modern day of technology, waste time opting for snail mail and with their 'busy schedules' forget once you are out the door. Then the lower primer lies they make up to cover their incompetence isn't even good material for 'Laff it Off. You cannot ask people to invest, people who have never had so much as a parking ticket in their adopted countries, yet treat them like fools or common criminals engaging in fraudulent acts. The funny thing is that you people keep staring at the smoke and missing the fire, for the money launderers still find ways and means to beat the system. is this really encouragement to invest? Steupse.

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Posted by Bim Bum 11 months ago: PERSONS with a net worth of over $10 million ???
That definitely includes me and Dirty Okra, den!

So.
The Dems are now out-Bee-ing the BLP
trying to attract Lifestyles Of The Rich And Famous to our shores?
I thought that was uncool.
I thought that was national prostitution.
I thought nothing of the sort.
I thought we need da money!