You ask yourself: should I send my current used vehicle to Barbados or would buying a new one and shipping it in be a better option? Should I just spare myself the hassle and purchase one when I get there, or should I rent a vehicle on island for the period of my stay? And what makes the most financial sense?
Here are five key considerations that you need to incorporate into your thought process when weighing up costs and ultimately making a decision on whether to import a vehicle into Barbados or buy one on the local market.
Read moreSo, you’ve taken the bold step to become a registered manufacturer—kudos to you. The world is now your oyster as you are no longer limited to the standard, cost-driven raw materials available locally but instead can expand your repertoire to include low cost, high-quality inputs sourced on the international market.
Not only will this move translate to a multitude of cost saving opportunities and hence positively impact your bottom line, but exemption from the payment of import duty on equipment and materials used in your manufacturing processes will also give your end products a competitive advantage.
Dear we say, you are well on your way to dominating your market space. Here are three tips to get you going.
Read moreSeon McKend is owner of the woodworking business, McKend Enterprise. This article outlines why Seon made the decision to register as a manufacturer, his experience during the registration process and how his resultant manufacturing concession allowed him to grow his business.
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