Application For Factory Space

APPLICATION FOR FACTORY SPACE OR LEASE OF SITE
Applications marked “Confidential” shall be forwarded to:

The Chief Executive Officer
Barbados Investment and Development Corporation
“Pelican House”
Princess Alice Highway
Bridgetown
St. Michael, BB11000
BARBADOS

NOTES

  1. If the company is not yet in operation, give particulars of the proposed company. If the applicant is not a company, give particulars of the proprietorship.
  2. All currency to be quoted in Barbados dollars
  3. In case of a new operation, this application must be accompanied by a projected Cash Flow Statement for each of the first two years of the proposed operations, along with a Market Survey outlining the basis of the applicant’s sales projections. If the enterprise is already in operation, Audited Balance Sheets and Profit and Loss Statements for the past two years of the company’s existence are required.
  4. Please provide complete answers to all questions and use separate sheets where necessary.
  5. If the Corporation agrees to construct a factory, the applicant would be required, prior to the commencement of construction, to:-
  • i) sign a Construction Agreement and Lease Agreement; and,
  • ii) deposit an estimated year’s rent, i.e. 1/15 of the estimated cost of erecting the factory.
  1. Rent is due from the date of occupancy of premises and is payable monthly in advance, except where otherwise agreed by the Corporation.
  2. Until a formal Lease Agreement is signed, occupancy of premises is on a month-to-month basis and may be terminated by one month’s notice on either side.
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APPLICATION FOR FACTORY SPACE OR LEASE OF SITE249.13 KB
Section I

Company / Business

 ProductsDescription
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7. PROPOSED ANNUAL OUTPUT

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 QuantityValue (Bds$)
Year 1
Year 2
Year 3
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 QuantityValue (Bds$)
Year 1
Year 2
Year 3
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N.B. Attach separate sheets where necessary to accommodate additional products.

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8. AREAS OR COUNTRIES TO WICH PRODUCTS WILL BE EXPORTED

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Area/Country

Projected Sales

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 Year 1Year 2
CARICOM (excluding Barbados)
U.S.A.
Canada
Europe
Other
Section II

Investment

9.

a) For new companies

- Give details of capital to be invested in the proposed operations by the end of the first year in the schedule below:

b) For existing companies

- State actual investment as per last financial reporting period in the schedule below:

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FINANCING

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II. Company’s loan capital (documentary evidence of availability of borrowed funds must be provided):

 NameNationalityResidenceEquity (%)
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 CountryAmount
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Section III

Production

13. Number and remuneration of persons employed or expected to be employedInitially or presentlyAt the end of development stage

 No.Annual salariesNo.Annual salaries
Managerial and Administrative
Technical/Skilled
Unskilled
Clerical and Other
Totals
 ProductsRaw materialsSourceAnnual quantityValue
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5
Section IV

Location

18. Specification of factory required or to be constructed. (Where a specialized type offactory is required, a sketch plan of the proposed building should be attached to thisapplication):

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For site applications only
Special requirements

23. List requirements for

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I certify that to the best of my knowledge, the particulars given above and in the attached Market Survey and Financial Statements are correct, and that the projections are realistic in the light of information currently available.

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Name of person submitting application on behalf of the

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ADDENDUM

Please note that each completed application form must be accompanied by the
following:

  • Projected Monthly Cash Flow Statements (for the 1st year of operation)
  • Marketing Survey
  • Registration of Business Name Certificate, Certificate of Incorporation and supporting Incorporation documents, as filed at the Corporate Affairs & Intellectual Property Office.
  • Evidence of at least three (3) months’ working capital
  • Confirmation of financing
  • Audited Balance Sheet for the past 2 years (for existing companies)
  • Audited Income Statement for the past 2 years (for existing companies)
  • Projected Balance Sheet (2 years) for new companies
  • Projected Income Statement (2 years) for new companies

Note therefore that Section 3 for the Application of Factory Space cannot be ignored. The omission of any of the required information will delay the processing of any application for factory space.