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.