Barbados Special Entry and Reside Permit — Residency Program
🏠 OVERVIEW
Country
🇧🇧 Barbados
Program
Special Entry and Reside Permit
Local Name
SERP
Type
Investor visa
Status
Active
Initial Duration
60 months
Renewable
Yes
(60 mo)
High-net-worth residence permit for applicants investing at least US$2M in Barbados and proving net worth above US$5M.
🪙 INVESTMENT OPTIONS
| Type | Tier/Zone | Min Amount | USD Equivalent | Holding | Returnable | Required |
|---|---|---|---|---|---|---|
| Business | High Net Worth Investor | USD 2,000,000 | $2,000,000 | -- | Yes | Required |
💰 FINANCIAL REQUIREMENTS
Net Worth Required
$5,000,000
Application Fee
$150
📋 ELIGIBILITY
Min Age
18+
Criminal Record Check
Required
Health Check
Not required
Health Insurance
Required
💼 WORK RIGHTS
Employment
Not allowed
Self-Employment
Allowed
Own Business
Allowed
Work Permit Included
No
👨👩👧 FAMILY & DEPENDENTS
Dependents Allowed
Yes
Spouse Included
Yes
Max Child Age
18
Parents Allowed
No
💰 TAX DETAILS
Tax Regime
Worldwide
Regime Name
Barbados worldwide income tax for residents
Foreign Income Taxed
Yes
Capital Gains Taxed
No
🏆 PATH FORWARD
Permanent Residency
Yes
Years to PR
5 years
Dual Citizenship
Allowed
Citizenship
Yes
Years to Citizenship
10 years
🌍 BENEFITS & MOBILITY
Bank Account
Can open
Property Purchase
Allowed
Public Healthcare
No access
📝 HOW TO APPLY
Method
in person
Processing Time
30–180 days
Apply from Abroad
Yes
📝 NOTES
The official Immigration Department page lists special entry permit documentation. Current practitioner guidance distinguishes the high-net-worth SERP category: US$2M Barbados investment from foreign-sourced funds plus US$5M+ net worth; applicants age 60+ can receive indefinite SERP, while younger applicants generally receive renewable 5-year terms. A separate work permit is required for local employment.
📋 ALSO IN BARBADOS
Barbados also offers a digital nomad visa for remote workers:
- Barbados Welcome Stamp (digital nomad visa)