Barbados•North AmericaVaries
Free
Varies (Renewable for additional 5-year periods, can transition to permanent residency after 5 consecutive years)
Yes
Not Required
Allowed
No
Not Required
Residence permit for foreign nationals owning Barbadian property valued at US$300,000 or more, renewable in five-year terms or indefinite for applicants over 60.
The Special Entry and Reside Permit (SERP) Category 2 is a long-term residency program established under the Immigration Act, Cap. 190, specifically designed for foreign nationals who wish to live in Barbados without engaging in local employment. It fills the gap for retirees and property owners who seek a secure, high-quality environment for long-term residence. By requiring a minimum property investment, the program ensures that participants have a significant, tangible stake in the country, providing them with a stable legal status while maintaining the island's character as a residential and retirement destination.
This permit is for foreign nationals, particularly retirees and those with independent means, who own residential property in Barbados valued at a minimum of USD 300,000. The ideal applicant is someone looking for a peaceful, long-term, or permanent base in the Caribbean who does not need to work locally. A distinctive aspect of this category is its focus on property ownership as a gateway to residency; while it offers a secure path to live on the island, it explicitly prohibits the holder from working in Barbados, reinforcing its status as a program tailored for retirees and individuals who are financially self-sufficient.
Visas you can typically switch to from this status.
Must be a foreign national.
Ownership of property in Barbados valued at a minimum of US$300,000.
Property must be unencumbered (not subject to mortgage).
Evidence of financial self-sufficiency to support self and dependents for the duration of the permit.
Valid health insurance with minimum coverage of US$500,000 per annum.
Education
none or higher
Investment
300,000 EUR
Completed Form B.
Two passport-sized photographs.
Original and copy of birth certificate.
Certified copy of passport bio-data page.
Marriage/Death/Divorce certificates (if applicable).
Police Certificate of Character (from countries resided in for 6+ months in the last 3 years; British applicants use Enhanced Disclosure).
Title Deeds and most recent Land Tax Bills.
Proof of financial resources (bank statements, pension documents).
Proof of valid health insurance (minimum US$500,000 coverage).
Proof of relationship for dependents.
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