Barbados: Category 1 Special Entry and Reside Permit (SERP)
Property investors in Barbados can move there with a Category 2 Special Entry and Reside Permit (SERP).
Benefits
- Bring family
- Renewable after 5 years
- Path to Permanent Residence
- Foreign currency tax credit
- Convenient time zone for US
- Beautiful Caribbean destination
Introduction
The Category 2 Special Entry and Reside Permit (SERP) welcomes real estate investors and their families to Barbados for 5 years.
SERP holders must declare tax residency in Barbados. The foreign currency tax credit (FCTC) could mean that SERP holders are paying a very low effective tax rate, depending on their personal situation.
Barbados offers year-round sunshine, pristine beaches, unique Bajan culture renowned for its hospitality, and historic architecture.
Learn more about life in Barbados with the official Barbados Travel Guide Podcast.
Internet Speed
Fixed broadband: 105.71 Mbps download/60.33 Mbps upload
Cost of living
No. 13 globally
Requirements
$300,000+ invested in real estate
Ability to financially support self and family
Fees
- $150 application fee per person, including spouse and dependents.
- $5,000 per adult is due upon issuance and renewal.
Application Process
Inquire about applying at your local Barbados embassy or consulate.
Documents Required
- Completed application form
- Cover letter
- Passport and certified copy of information page
- Passport photo (2 in x 2 in [51 mm x 51 mm], with the head measuring between 1 in - 1 3/8 in [25 mm - 35 mm])
- Proof of relationship between applicant and family members (such as marriage or birth certificates)
- Evidence of health insurance of $500,000+
- Police clearance for home country and every country applicant has lived for more than 6 months after the age of 16
- Original and copy of birth certificate
All documents must be in English or translated to English. Other documents may be required.
