Make Barbados Your Home
Barbados offers two distinct pathways for foreign nationals seeking to establish residency: the Special Entry and Residence Permit (SERP) for investors and high-net-worth individuals, and the Welcome Stamp program for remote workers and digital nomads.
Whether you’re looking to invest in Barbados real estate, retire in paradise, or work remotely from the Caribbean, these programs provide flexible options tailored to your lifestyle and financial goals.
SERP
Special Entry and Residence Permit
Investment-based residency for long-term living with pathway to citizenship The Special Entry and Residence Permit provides a long-term residency solution for investors, retirees, and high-net-worth individuals seeking to make Barbados their permanent home.
Who Is It For?
- High-net-worth investors
- Real estate investors
- Retirees seeking Caribbean living
- Entrepreneurs and business professionals
Category 1:
High-Net-Worth Investor
-
Minimum Investment
$2,000,000 USD in Barbados from foreign-sourced funds -
Net Worth Required
$5,000,000 USD certified proof -
Work Rights
Automatic work permit entitlement -
Residency
Indefinite if age 60+, otherwise renewable 5-year terms -
Fees
$3,500-$5,000 USD application fee
Category 2:
Property Owner
-
Minimum Investment
$300,000 USD in real estate -
Work Rights
Cannot work in Barbados -
Residency
Converts to indefinite at age 60 -
Fees
$5,000 USD per adult (initial & each renewal) -
Requirement
Proof of sufficient financial resources
Processing & Timeline
- Processing Time: Approximately 1 month (varies by complexity)
- Validity: 5-year renewable terms until age 60, then indefinite
Key Benefits
- No capital gains, inheritance, or wealth tax
- Foreign income taxed only if remitted to Barbados
- Foreign Currency Tax Credit reduces effective tax to ~2.45%
- No minimum physical presence required
- Include spouse and dependent children
Required Documents
- Form B (Immigration Act Section 13(3))
- Police certificates from all jurisdictions (6+ months residence in past 3 years)
- Health insurance ($500,000 USD annual minimum)
- Proof of financial resources
- Birth and marriage certificates
- Property owners: Title deeds and land tax bills
Welcome Stamp Barbados
12-month remote work visa with complete income tax exemption
The Barbados Welcome Stamp is a streamlined visa for remote workers and digital nomads who want to live and work from Barbados while maintaining employment or businesses registered outside the country.
Who Is It For?
- Remote workers and digital nomads
- Freelancers with overseas clients
- Employees of foreign companies
- Location-independent professionals
Eligibility Requirements
- Income: Minimum $50,000 USD annual income
- Employment: Work for overseas employer or own foreign-registered business
- Health Insurance: Valid for entire 12-month period
- Nationality: Any nationality, no age restrictions
Fees & Pricing
- Individual: $2,000 USD
- Family Bundle: $3,000 USD (includes spouse & all dependent children under 18)
- Renewal (12 months): $1,500 USD individual / $2,250 USD family (25% discount)
Application Process
- Step 1: Complete electronic form at barbadoswelcomestamp.bb/applynow
- Step 2: Upload required documents:
- Passport-sized photograph
- Bio-data page of valid passport
- Birth certificate
- Health insurance proof
- Income certification (self-certification accepted)
- Step 3: Await approval (7 working days)
- Step 4: Pay fees after approval via ezpay.gov.bb (28-day payment window)
Tax Benefits
- Complete Income Tax Exemption
- Welcome Stamp holders are exempt from Barbados income tax on foreign-source income. This means:
- No Barbados income tax returns required
- No payroll withholding
- No social security contributions
- No National Insurance payments
- Note: You remain liable for tax obligations in your home country. Only standard 17.5% VAT applies to goods/services purchased in Barbados.
Key Benefits
- Fast 7-day processing
- Multiple entry/exit throughout 12 months
- No minimum stay requirements
- Indefinitely renewable
- Can open local bank accounts
- Children can enroll in local schools
- Access to co-working spaces
- Same-sex relationships recognized
Program Status
- Extended Through: December 31, 2026
- Success Rate: 59% approval rate (as of April 2024)
- Total Approved: 3,058 applications from 5,164 total received
Ready to Begin Your Barbados Property Journey?
