Barbados is a compelling destination for both living and doing business, offering a unique blend of Caribbean charm, modern infrastructure, and a stable economic and political environment. The island boasts a high literacy rate, accessible healthcare through both public and private systems, and reliable utilities and transport links – both locally and internationally.
Doing business in Barbados is equally attractive, supported by a transparent and well-regulated regulatory framework and an expanding network of double taxation agreements (DTAs) and bilateral investment treaties that facilitate cross-border operations.
Benefits of Becoming a Barbados Citizen or Resident
- A high standard of living in a year-round tropical climate
- Access to quality healthcare and social services
- A strong education system and high literacy rate
- Own property and invest in real estate as a permanent resident
- Visa-free or visa-on-arrival access to over 140 countries, including the UK and Schengen Area jurisdictions
- Possible eligibility for citizenship through naturalization after meeting residency requirements
Permanent Residency and Citizenship Programs
Barbados offers several pathways to citizenship and permanent residency, both through its Special Entry and Residence Permit (SERP) program for high-net-worth individuals and investors, and standard visa and residency processes. The main options are:
Special Entry and Residence Permit
This is Barbados’ special route for qualified individuals and investors, their spouses, and dependents, seeking residency and eventual citizenship.
Category 1 SERP: High-Net-Worth Individuals
- Investment Requirement: Applicants must own substantial residential property or make an investment in Barbados valued at a minimum of US$2 million. Such property or investment must be purchased with foreign-sourced funds and not subject to mortgage.
- Health Insurance: Required coverage of at least US$375,000 for under 60 years; Required coverage of at least US$500,000.00 for over 60 years.
- Net Worth Requirement: Must have net assets that exceed US$5 million
- Eligibility: Retired persons under 60 years of age may apply for an SEP valid for a 5 year term, up to age 60. Retired persons over 60 years of age may apply for an SEP granted for an indefinite period.
- Features:
- Includes spouse and children.
- HNWIs SEP holders are allowed to engage in employment in Barbados. Work Permits are available for a separate fee.
Category 2 SERP: Retired Property Owner
- Investment Requirement: Minimum of US$300,000 investment in real estate, purchased with foreign-sourced, unencumbered funds and not subject to any mortgage.
- Health Insurance: Required coverage of at least US$375,000 for under 60 years ; Required coverage of at least US$500,000.00 for over 60 years.
- Eligibility: Retired persons under 50 years of age may obtain an SEP valid until age 60. Retired persons between 50 and 60 years of age may apply for a 5 year SEP, renewable up to age 60. Retired persons over 60 years of age may apply for an SEP granted for an indefinite period.
- Features:
- Includes family members; pathway to citizenship after 7 years
- Work Permit is not available for applicants
Category 3 SERP: Special Skills
- Requirement: Persons who possess skills which are deemed critical to the growth and development of Barbados. Documentation of skills set, certificates and recommendations from past employers or individuals.
- Health Insurance: Required coverage of at least US$375,000 for under 60 years ; Required coverage of at least US$500,000.00 for over 60 years.
- Eligibility: Persons under 60 years of age may apply for an SEP valid for a 5 year term. Persons over 60 years of age may apply for an SEP granted for an indefinite period.
- Features:
- Special Skills SEP holders are entitled to a work permit. Work Permits are a separate fee.
Standard Permanent Residency
Individuals may also qualify for permanent residency through personal or familial ties.
Eligibility Requirements
- Marriage to a Barbadian citizen
- Birth to a Barbadian parent
- Long-term residence, employment, or education in Barbados
Application Requirements
- Minimum 5–7 years of residence in Barbados
- Continuous residence for 12 months prior to application
- Police certificate, medical certificate, and personal documentation
Pathway to Citizenship
Citizenship is typically granted through naturalization after meeting residency requirements:
- Residency Requirement: Must reside in Barbados for at least 5-7 years, and 12 continued months prior to application
- Dual Citizenship: Allowed under Barbadian law
How Trident Can Help
As a regulated corporate and trust services provider, our Barbados office can assist with:
- Preparing and submitting residency or citizenship applications
- Liaising with the Barbados Immigration Department
- Providing certified documentation and guidance throughout the process
Get in touch with our team at barbados@tridenttrust.com for tailored support.