Following the UK Spring Budget of 2024, which introduced significant changes to the taxation system for non-domiciled individuals in the UK—often referred to as UK non-doms—Barbados has emerged as a prime relocation destination. The proposed elimination of the remittance basis of taxation and other reforms has prompted many international entrepreneurs residing in the UK to reconsider their tax...
Barbados' Welcome Stamp initiative has emerged as a beacon for digital nomads, drawing in a remarkable amount of participants over the past years, with a majority hailing from the United States. This innovative program, designed to offer a seamless blend of work and leisure in a picturesque island setting, has proven to be a resounding success, showcasing a promising model for sustainable...
Barbados extends its popular Welcome Stamp Programme after receiving over 5,000 applications worldwide. Barbados has decided to extend its Welcome Stamp Programme until December 31, 2026, in response to the overwhelming interest in its remote work visa scheme, which has now received over 5,000 applications. Originally launched in the early stages of the COVID-19 pandemic, the programme, now in its...
The Special Entry and Reside Permit (SERP) provides qualified individuals, their spouses, and children with residency status in Barbados. There are four SERP categories: Category 1: Requires evidence of an investment in Barbados of at least US $2 million from funds sourced outside Barbados and proof of a high net worth exceeding US $5 million. Category 2: Property ownership in Barbados, with the...