image-offset-both | Invest Barbados

High Net Worth Individuals

Thinking of relocating to Barbados? Then Invest Barbados is the place to begin. We advise you on the necessary procedures.

Barbados became involved in providing management and financial services to the wealthy since the introduction of the Offshore Banking Act in 1979. Barbados offers a Non-Domicile programme that is an attractive option for High Net Worth Individuals (HNWIs) desirous of becoming resident in Barbados or using the country as a base to launch international business.

Special Entry Permit (SEP)

The SEP, which is administered by the Barbados Immigration Department, is applicable to eligible HNWIs aged 60 and over, and for a period, to younger persons until they reach the age of 60, provided they satisfy the necessary requirements. This regime is appealing to foreigners and non-nationals who wish to reside on the island.

The Barbados Immigration Department is responsible for administering the Non-Domicile programme while Invest Barbados provides guidance on the procedure.

For detailed information contact the Barbados Immigration Department.

Expanding Treaty Network

A major benefit gained from doing business in Barbados is having access to the country’s international trade agreements: Double Taxation Agreements (DTAs), Bilateral Investment Treaties (BITs), Tax Information Exchange Agreements (TIEAs). Barbados has an expanding network of double taxation treaties which offers certain advantages to investors that use Barbados resident entities to conduct business in other countries.

Key advantages that DTAs offer to investors:

Certainty of tax treatment with respect to the income and gains derived from cross border investments.
Reduced withholding taxes in the source country for certain types of income.
Elimination of the occurrence of double taxation of income.

Investors that use a Barbadian entity to do business in other countries may also enjoy protection of their investment as Barbados has entered into BITs for the promotion and protection of investment.

Click below to see the full list of treaties that Barbados has concluded with other countries.