Introduction
For non-residents looking to invest, live, or conduct business in Barbados, financing can be both a gateway and a challenge. At AFB Consulting Services, we specialize in guiding foreign nationals through the process of obtaining financing in Barbados. From understanding eligibility to navigating the local banking landscape, this guide walks you through how non-resident financing works and how AFB can help.
What is Non-Resident Financing?
Non-resident financing refers to loans, mortgages, or credit lines offered to individuals or companies that are not domiciled in Barbados. This is particularly relevant for:
– Foreign investors purchasing real estate
– Expats launching local businesses
– Offshore companies establishing a Barbados presence
With the right strategy, non-residents can successfully access funding in Barbados.
Eligibility Requirements for Non-Residents
Although requirements vary by lender, common non-resident financing prerequisites include:
– Valid passport and secondary ID
– Proof of income (e.g., employment letter, tax returns)
– Foreign bank references
– Source of funds declaration
– Asset statements
– Local lawyer or notary support
AFB Consulting prepares you to meet these standards with organized documentation and pre-checks.
Types of Financing Available to Non-Residents
– **Residential Mortgages:** For purchasing homes or vacation properties
– **Commercial Loans:** For businesses or property development
– **Bridge Financing:** For short-term real estate purchases
– **Refinancing Options:** For restructuring existing loans
Lenders may require higher deposits (20-40%) and offer terms ranging from 5 to 25 years, depending on your profile.
Barbadian Banks Offering Non-Resident Financing
Some of the top banks in Barbados that support non-resident applications include:
– Republic Bank Barbados
– CIBC FirstCaribbean International Bank
– RBC Royal Bank
Each bank has different underwriting processes, which is why personalized guidance from AFB makes a big difference.
Common Challenges Non-Residents Face
– Navigating legal requirements remotely
– Understanding Barbados’ Central Bank policies
– Currency exchange and transfer delays
– Securing tax and legal representation locally
AFB bridges these gaps by offering concierge-style service from initial consultation to closing.
Our Process at AFB Consulting
We walk you through every step:
1. Pre-qualification assessment
2. Document preparation & translation (if needed)
3. Bank selection based on goals
4. Application submission and follow-up
5. Legal coordination with notaries and property attorneys
6. Final review and funding support
Our personalized approach ensures that you’re not navigating unfamiliar systems alone.
Client Testimonial
“As a Canadian investor, I had no idea how to approach banks in Barbados. AFB Consulting handled everything—from matching me with the right lender to preparing my documents. Highly recommend!” – Michael D., Toronto
Internal Links to Key AFB Services
– [Opening a Business Bank Account](https://malaconbusinessservices.com/how-to-open-a-business-bank-account)
– [Financial Advisory for Debt Restructuring](https://malaconbusinessservices.com/financial-advisory-for-debt-restructuring)
– [Contact AFB](https://malaconbusinessservices.com/contact)
Credible Backlinks for Legal & Financial Clarity
– [Central Bank of Barbados](https://www.centralbank.org.bb)
– [Barbados Revenue Authority](https://www.bra.gov.bb)
– [Barbados Town and Country Planning Department](https://www.townplanning.gov.bb)
Frequently Asked Questions
**Do I need to be present in Barbados to get financing?**
Not always. Some banks allow remote applications with notarized documents.
**Can I get a mortgage as a non-resident?**
Yes, provided you meet income and documentation requirements.
**Do I need a local lawyer?**
Yes. A local attorney is required to handle title verification and land registry submissions.
Conclusion
Non-resident financing in Barbados is absolutely possible—with the right partner. At AFB Consulting Services, we offer the experience, tools, and network to help you secure loans, navigate red tape, and achieve your Caribbean investment goals.
Let’s get started. [Book your non-resident financing consultation now](https://malaconbusinessservices.com/contact).