Making Money in Barbados
Well... I have written stories about fitness clubs in Taipei... and about English Teaching in Korea... now I am looking for stories about making money in Barbados! Of course anything, any story to do with money is fine, from the perspective of those who have it... those who don't etc... Got NO stories to start with... Will have to go do some research in Barbados (man that’s going to be tough), but I have a little background info from perspective of an ex-pat former resident (the “Guyanese Ambassador” himself):
You Are What You Drive: Yeah! I know him! He’s the blue Mercedes Convertible... X3–something, isn’t he? Yes... Take note of his license plate number too because now you know where he lives (or works)! X is a Christchurch plate... Cruise by the Gap to see if he isn’t sitting out on a patio somewhere.
Getting a Loan: Who do you know? Smile nice at Ms. Murrell and she can set you up just fine, skip the paperwork, get a loan... Find out how much is in someone else’s account... But whatever you do, do NOT get down to business when you first walk in the door... Keep it friendly at first.
Cruising for Property: So you want to buy a house in Barbados? You better be a Canadian oil tycoon, a British pop star, or some kind of millionaire ‘cause it’s going to cost you plenty! But hey, you already have some connections at the bank, right? So now you begin... Get in your convertible and start cruising. Prime properties are those on the West Coast, the South Coast or the East Coast... Well, that about covers it. The closer to a major hotel (preferable one featured in Conde Naste) the better. These properties are probably already taken and are not likely for sale by owner. However, every now and then some old guy dies without a will (or with a will) and the families feud for decades. If they can't work it out, the property goes up for sale! Get in there ASAP. Don’t just copy down the number from the sign posted on the property – remove it so no one else sees it. Other possibility – the property wasn’t fully paid off... Now you are really lucky because you have a connection at the bank. She will sell it to you super-cheap... The price of the outstanding loan (plus a little cut for her and a little cut for the bank).
Now that you have your place, be sure to rent it out for US$10,000 a week whenever you are away from Barbados... presumedly working to pay it off.
Crime: What crime? Bajans live well. No crime happening here – Go to Guyana, Jamaica, Trinidad for that kind of intrigue!
Special Taxes: Beware of special taxes. Lots of things are hard to buy in Barbados (like your BMW SUV)... But don’t go thinking you can just bring it in... If customs has to know, you may find there are sudden special unlisted import taxes on your item... Again, knowing someone might help.
Better if it’s Brand Name: Talking about clothes here.
You Are What You Drive: Yeah! I know him! He’s the blue Mercedes Convertible... X3–something, isn’t he? Yes... Take note of his license plate number too because now you know where he lives (or works)! X is a Christchurch plate... Cruise by the Gap to see if he isn’t sitting out on a patio somewhere.
Getting a Loan: Who do you know? Smile nice at Ms. Murrell and she can set you up just fine, skip the paperwork, get a loan... Find out how much is in someone else’s account... But whatever you do, do NOT get down to business when you first walk in the door... Keep it friendly at first.
Cruising for Property: So you want to buy a house in Barbados? You better be a Canadian oil tycoon, a British pop star, or some kind of millionaire ‘cause it’s going to cost you plenty! But hey, you already have some connections at the bank, right? So now you begin... Get in your convertible and start cruising. Prime properties are those on the West Coast, the South Coast or the East Coast... Well, that about covers it. The closer to a major hotel (preferable one featured in Conde Naste) the better. These properties are probably already taken and are not likely for sale by owner. However, every now and then some old guy dies without a will (or with a will) and the families feud for decades. If they can't work it out, the property goes up for sale! Get in there ASAP. Don’t just copy down the number from the sign posted on the property – remove it so no one else sees it. Other possibility – the property wasn’t fully paid off... Now you are really lucky because you have a connection at the bank. She will sell it to you super-cheap... The price of the outstanding loan (plus a little cut for her and a little cut for the bank).
Now that you have your place, be sure to rent it out for US$10,000 a week whenever you are away from Barbados... presumedly working to pay it off.
Crime: What crime? Bajans live well. No crime happening here – Go to Guyana, Jamaica, Trinidad for that kind of intrigue!
Special Taxes: Beware of special taxes. Lots of things are hard to buy in Barbados (like your BMW SUV)... But don’t go thinking you can just bring it in... If customs has to know, you may find there are sudden special unlisted import taxes on your item... Again, knowing someone might help.
Better if it’s Brand Name: Talking about clothes here.
posted by Zanmei at 6:10 AM
2 Comments:
not bad.
my take. Cruising for Property: East coast isnt that desirable unless you are looking for a small beachhouse. South Coast is already solidly occupied. The hot spot is the West Coast right now. Lots of development in that area. House prices are sky high.
Crime: Actually quite a bit of crime in Barbados. Not as much as Trinidad or Jamaica by far but the strange thing is unless you are there living you wont know as with the whole tourist thing they dont tend to talk about the crime alot.
Special Taxes: Think all imports are taxed about 100% then there is import duries, surcharges etc unless the products are exempt so yep getting the car in if you know someone the better
Wigit told me to look you up. If you've got any questions just let me know.
Jdid,
Thanks a lot. In reading your comments, I realize there are a lot of comments on both of my weblogs that might be taken in a more literal way than they are meant... In saying there is "no crime in Barbados," I meant that in the a similar way that I might say there are "no gay people in Korea." People there are pretty homophobic and will tell you repeatedly how conservative Korea is and how there are no gay people (even on the wake of your leaving a nightclub where you witnessed several gorgeous Korean transexuals dancing with some buff gay US military men.)
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