Business Opportunities Available to Welcome Stamp Holders
About the Welcome Stamp Work Visa
The Barbados Welcome Stamp is a special 12-month visa for non-nationals who are resident and employed in a country other than Barbados. The stamp allows persons to reside in Barbados for a duration of 12 months, during which a visa holder is allowed to travel to and from Barbados freely, from the date of first arrival. Welcome Stampers or their dependents cannot work or provide services to individuals or companies in Barbados. They are considered non-resident for income tax purposes and are required to pay taxes in the country in which they are tax resident.
*This applies to all remote workers including digital nomads
What makes Barbados unique and attractive for Remote workers?
Barbados offers a desirable quality of life, including:
- Year-round warm climate and beautiful beaches
- Friendly, welcoming people
- Modern network and technology infrastructure, inclusive of high speed internet (Barbados ranks 5th in the Western Hemisphere re Fixed Broadband speed)
- Politically and socially stable
- Low crime rate
- Excellent educational system
- Efficient air connectivity
- Range of accommodation (from budget to luxury) and amenities
Hear from those already here : Barbados Travel Guide • A podcast on Anchor
Basic requirements to qualify for Welcome Stamp
- Possess a valid passport
- Be earning at least US $50 000 annually or have the means to support themselves and their family during their stay in Barbados
- Provide evidence of valid health insurance. This can also be obtained locally.
An applicant can re-apply after the initial 12 months has passed.
Click here for further details on the requirements to qualify for the Welcome Stamp
Thinking of Setting Up a Business in Barbados?
Barbados is a leading tourism destination, appealing to digital nomads, but the country is also an attractive place from which to conduct global business, offering the combination of a secure and reputable jurisdiction, cost efficient treaty-based business opportunities and a quality lifestyle. Other advantages to establishing a business in Barbados include:
– High international rankings
– Long history of political, social and economic stability
– Network and technology infrastructure to support any business
– Educated English-speaking workforce with a pool of qualified professionals
– Well-regulated business environment
– Expanding treaty network that facilitates global business
Barbados’ success as a centre for global business has been built on transparency, effective regulation, adherence to international best practice standards and the attraction of businesses of substance.
Business opportunities exist in the following areas:
- Tourism – Barbados Tourism Investment Inc
- Medicinal Cannabis – Barbados Medicinal Cannabis Licensing Authority
- Medical Tourism
- Global Education and Knowledge Delivery
- Research and Development
- Information Communication Technology
- Global insurance
- Renewable Energy – Renewable-Energy-and-Energy-Efficiency-Fiscal-Incentives-Booklet.pdf
- Niche Manufacturing
- Ships’ Registration
- Other Industries | Invest Barbados
No restrictions exist on the purchase of commercial or residential real estate, presenting a further opportunity for non-national investors.
Barbados’ corporate entities are taxed on the following sliding scale:
|Taxable Income US$||Rate %|
|Up to $500,000||5.50|
|Above $500,000 to $10 million||3.00|
|Above $10 million to $15 million||2.50|
|Above $15 million||1.00|
All business entities must register with Corporate Affairs and Intellectual Property Office (CAIPO) to establish a business in Barbados. Please see the following links for full details –
Invest Barbados invites Welcome Stampers, Remote Workers and Digital Nomads to consider establishing a business here and take advantage of the investment opportunities Barbados offers.