Daily Archives: November 25, 2009

Barbados law requires 4 week response for new radio station approval – 74 weeks later, Paradise FM still waits

How to chase away business from Barbados

The Barbados government talks a good line about wanting to assist investors and business people. They talk a good line about the wonders of doing business in paradise.

And then there’s the reality…

Mr Terry Bent – Having finally calmed down from speaking to the Secretary of the Broadcasting Authority yesterday, I can now give you the latest update on our progress, or lack thereof.

Paradise FM Ltd filled in a 9 page form in July 2008. In May 2009 we were finally interviewed for 45 minutes. Now, over 6 months later, they apparently want us to answer further questions, which they decided upon 2 weeks ago , but have not yet sent to us!

I pointed out that the Law states it should take 4 weeks from receipt of application to making a decision (including the interview) and was told they had changed the law. I asked for a copy and was told it had not been approved yet, so I said “So it has not been changed yet” and was told it had in their eyes! I asked what the new timescale was, but they could not answer!!! (Because they have not changed it yet)

…read the full story at The Bajan Reporter Paradise FM has been waiting

Why Aren’t We Surprised?

Hmmmm…. maybe Mr. Bent didn’t hire the right “consultant” before putting in his application. You know how important it is to have the right “consultant” to “advise” on new business ventures in Barbados. “Consultants” make the process go smoother…

Unless the public steps in like with Matthew Kerins and his waterpark adventure. According to Mr. Kerins, he paid some 2 million dollars in “consultant fees” and then Prime Minister Owen Arthur met with Kerins and gave his blessing for the Caribbean Splash water park on the Graeme Hall watershed.

The public had other ideas though and Mr. Kerins lost his “consultant fees”. A word to the wise about “consultant fees” in Barbados!

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Filed under Barbados, Business & Banking, Offshore Investments