In response to the COVID-19 global pandemic, Barbados has developed a new program – the 12-month Welcome Stamp – for entry into the country for individuals who are working remotely.
In response to the COVID-19 global pandemic, Barbados has developed a new program for entry into the country for individuals who are working remotely.
The new 12-month Welcome Stamp allows visitors to work remotely from Barbados for up to a year at a time.1
Companies and their employees are taking steps to establish remote working situations, in light of moves away from traditional “in office” work arrangements. As a response to the COVID-19 pandemic, this opportunity offered by Barbados can be an attractive option for remote working.
Interested parties will still need to meet certain conditions, as specified, and should bear in mind any travel and self-isolation policies intended to combat the spread of COVID-19.
The individual must meet the following conditions:
In addition, the individual shall be deemed to be nonresident in Barbados for the purpose of Income Tax and shall continue to pay tax in their home jurisdiction.
The application is made by the individual who wishes to take avail of this opportunity.
Interested individuals and their employers (in cases where the individual is not self-employed) are advised to consult with their qualified immigration counsel or a member of the KPMG team with the KPMG International member firm in Barbados (Lisa Taylor, Managing Partner, Tel. + 1 246 434 3915, email@example.com or Marianne Greenidge, Senior Manager, Tax, Tel. + 1 246 434 3918, firstname.lastname@example.org).
1 For further information, see the government of Barbados webpage: https://www.barbadoswelcomestamp.bb/ .
The information contained in this newsletter was submitted by the KPMG International member firm in Barbados.
To subscribe to GMS Flash Alert, fill out the subscription form.
© 2021 a Barbados and Eastern Caribbean partnership, registered in Barbados, Antigua and Barbuda, Saint Lucia and St. Vincent and the Grenadines, and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.