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.

Political, Social and Economic Stability
Barbados enjoys an enviable international reputation for its outstanding record of social, economic and political stability. Barbados' parliamentary system has been in existence since 1639, making it the 3rd oldest parliament in the British Commonwealth.

The country’s long-standing tradition of parliamentary democracy and the prudent management of the economy provide a stable foundation for business. Also, the country’s freedom from corruption rates highly – Transparency International’s Corruption Perception Index 2019 ranks Barbados as 4th in Latin America and the Caribbean, and 30th among 180 countries.

These positive features have also contributed to Barbados’ ranking in the Index of Economic Freedom 2019 as the 11th freest economy in Latin America and the Caribbean and 67th in the world.

Barbados is one of the most stable countries in the Caribbean. The government is committed to maintaining the country’s attractiveness as a centre for international business, and continues to work with Invest Barbados and other stakeholders to ensure that the country remains a safe and welcoming place for foreign direct investment in the competitive global environment.

One of the attractive features of Barbados' business landscape is its enabling climate. Barbados offers a well-regulated, transparent and supportive environment for business.

Competition is enhanced by transparent policies and effective laws. Starting and operating a business is straightforward and free from burdensome regulation.

The country’s strong legal system ensures that property rights and intellectual property are well protected and an independent judiciary guarantees the impartial and effective resolution of disputes. No restrictions are imposed on foreign ownership of business enterprises or real estate in Barbados.

Barbados also offers a supportive institutional framework for global business. Auditing and reporting meet international standards, ensuring confidence in business activities.

Human Resources
A distinct competitive advantage of Barbados is its excellent human resources. Barbados' world class educational system produces a highly skilled, English-speaking work force comprising approximately 138,900 people (Barbados Statistical Service).

Investors can readily access the services of tax advisors, reputable international banks, global accounting firms, lawyers and management companies offering the full range of corporate services. 

In the UN Human Development Index 2019, the country ranks 5th in the Americas and 56th in the world in respect of educational attainment, as measured by adult literacy and enrolment at the primary, secondary and tertiary level.

Education is based on the British model and is compulsory for children from age 5 to 16 years old.  The government provides free primary, secondary and undergraduate university education for nationals. This means that approximately 20% of government’s annual budget is dedicated to expenditure on education. There are also private schools, which provide education on a fee-paying basis. 


More on Education


Children generally begin their primary education within one of the 73 run government schools or 20 privately run schools, at the age of four (Source: Ministry of Education, Technological & Vocational Training). Between the ages of 10-12, children take the Barbados Secondary School Entrance Examination to enter any of the island’s secondary schools.


Secondary education is provided for children between the ages of 11-18 years.  There are twenty-one Government secondary schools, most of which are co-educational and ten private secondary schools (Source: Ministry of Education, Technological & Vocational Training).  Students sit the Caribbean Examination Council examinations at age 16, the equivalent of the British General Certificate of Education, and are tested in a number of academic and technical courses.  Students can continue on in some schools and sit the Caribbean Advanced Proficiency Certificate after two years – this is also the equivalent of the British Advanced Level Certificate.

Edu Tech

The government of Barbados embarked on an extensive computerisation programme within the primary and secondary schools, to ensure that students are well skilled in Information Technology.  The objective of this programme was to enable students to develop inquiring and creative minds, as well as to develop a workforce that is skilled in information technology.


The presence of several tertiary and training institutions provides the workforce with opportunities to continuously upgrade its skills.  Barbados is home to a campus of the University of the West Indies (UWI), which has partnerships with universities in the US, Canada, Europe and China. Other government owned tertiary institutions include The Barbados Community College which offers Associate Degree programmes in academic, vocational and technical areas; The Samuel Jackman Prescod Institute of Technology which provides students with the necessary technical and vocational training that would equip them with the skills necessary to be part of a highly trained workforce and the Erdiston’s Teachers College which provides training for non-graduate and graduate teachers at both Certificate and Diploma level.