Visa Requirements Barbados for Buyers of Property in Barbados

Visa Requirements Barbados. 

We are frequently asked by clients and friends about residency and visa requirements for Barbados. Barbados has so much to offer – a wonderful climate, fabulous beaches, turquoise waters, dreamy sunsets, golf, tennis, watersports, friendly people and amazing restaurants. It even now has Lime Grove, an elegant shopping mall in Holetown. Barbados is well served by flights from the United States, England and Germany.

Visa requirements Barbados

WHAT PERMITS ARE REQUIRED IF I WANT TO OWN A HOME AND SPEND AN INDEFINITE PERIOD IN BARBADOS 

Visitors from Australia, Canada, France, Ireland, the UK and USA may stay in Barbados for a maximum of 6 months without a visa.  This is often sufficient for property owners wishing to spend winters on the island. Other EU nationals can stay for up to 3 months.

You may apply for an Special Entry Residents Permit (SERP) if you are:

  • a retired property owner or
  • a high net worth person employed or retired (you need to have US$5million of net assets)

The Special Entry Resident Permit offers:

  • No limits on length of stay while visiting Barbados
  • Freedom to come and go from Barbados as you please

For those who want to stay longer than 6 months there are various categories of SERP. These allow individuals as well as their spouses and children to obtain residency status in Barbados. Each category affects the duration of the SERP and whether or not an individual is able to work in Barbados.

Category 1- This requires evidence of investment in Barbados of at least US$2m. Funds must be sourced from outside of Barbados. Individuals must also provide evidence of high net worth in excess of US$5million.

Category 2- This requires the applicant to be the owner of a property with a value of at least US$300,000

Category 3-This is available to persons who possess skills which are deemed critical to the growth and development of Barbados

Category 4- This is for parents and grandparents of a citizen of Barbados. They must be over 60 years.

If you have a category 1 SERP the duration of the SERP may vary. Howevery a Category 1 SERP becomes indefinite after age 60. Category 1 holders also have automatic entitlement to work permits.

The Category 2 SERP is issued for renewable 5 year periods. Category 2 holders are not allowed to work in Barbados.

HOW TO APPLY FOR A SERP

Each applicant must submit a cover letter along with a completed Form B-Application for Permission to Vary period of stay in Barbados or Conditions of Stay. There is an application fee of US$150 and applicants must also submit the following:

  • Evidence of health insurance in excess of US$500,000
  • Police Certificate of Character from any country in which the applicant has resided for a period of 6 months after the age of 16. Enhanced disclosure certificate in lieu of PCC for British applicants (which might include criminal record check)
  • One passport sized photo
  • Certified copy of the bio- date page of the applicant's passport
  • Marriage certificate if applicable
  • Proof of relationship to dependants where applicable (birth certificates/legal documents etc)

All documents in a language other than English must be translated.

Category 1 applicants must provide a certified statement of assets in excess of US$5million. This must be certified by an auditor or broker. Applicants must also provide evidence of investment in Barbados with a value of at least US$$2m.

Category 2 applicants must provide proof of ownership of property in Barbados. They must also provide evidence that they can financially support themselves for the duration of the period granted.

'Investment' is defined to include rental real estate, property development projects, manufacturing and tourism. It also includes bank deposits, mutual funds or bonds or any financial instrument. All SERP qualifying investment must be bought from funds sourced outside of Barbados and not subject to any encumbrances.

If you are thinking of moving to Barbados we will be happy to help you find your dream home. We have access to every property you see for sale in Barbados (whether or not it is on our website). You will only have to deal with one agent. We provide a one stop shop.

In the meantime if you are loooking for a holiday rental or a long term rental (more than 3 months) we can help you with that too. You can then look for somewhere to buy at your leisure and really get to know the wonderful island of Barbados. We can also introduce you to lawyers who will advise on property purchases and SERP applications.

If you are interested in moving to Barbados contact us today. We will be happy to introduce you to properties and experts in Barbados who can advise on visa requirements Barbados.

For properties to buy in Barbados visit barbadosdreamproperties.com

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