Lump sum
USD 2,000
Duration
1 years
Prior non-residency
—
required before applying
Standard top income tax
27.5%
Barbados, without the regime
Overview
- Regime
- Barbados Welcome Stamp
- Country
- Barbados
- Type
- Exemption
- Status
- Active
- Effective from
- Jul 1, 2020
- Expires on
- —
Details
- Summary
- 12-month remote-work visa; foreign-sourced employment or self-employment income is not liable to Barbados income tax while on the stamp.
- Eligibility
- Location-independent workers earning at least USD 50,000 annually from non-Barbados sources.
- Benefits
- No Barbados income tax on qualifying foreign-sourced income for the stamp period (remote work for employers or clients outside Barbados).
- Requirements
- Minimum USD 50,000 annual income, valid health insurance, online application; fees USD 2,000 (individual) or USD 3,000 (family bundle) after approval.
- Limitations
- Not for working for Barbados employers; VAT still applies on local purchases; does not by itself establish tax residency.
- Income types covered
- Foreign-sourced employment and self-employment income.
- Duration details
- Up to 12 months per approval; renewable.
View source Government of Barbados