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Barbados – New Immigration Policy to Attract Remote Workers

Barbados–Immigration Policy to Attract Remote Workers

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.

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marianne-greenidge

Senior Manager, Tax

KPMG in Barbados

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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  

WHY THIS MATTERS

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.

More Details

The individual must meet the following conditions:

  • Possess a valid passport;
  • Earn income over USD 50,000 from sources outside Barbados over the 12-month period and have the means to support themselves, and any spouse and dependents;
  • Possess valid health insurance that covers the period for which the stamp is granted.

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.

KPMG NOTE

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, lisataylor@kpmg.bb or Marianne Greenidge, Senior Manager, Tax, Tel. + 1 246 434 3918, mariannegreenidge@kpmg.bb).

FOOTNOTE

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.

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