Owning a property in Barbados is a dream for many. However, navigating the rules and regulations surrounding property ownership and the length of stay can be a daunting task. We will discuss the various factors that determine how long you can stay in Barbados as a property owner and explore the options available for extending your stay.
Visitor Visas and Length of Stay:
When you arrive in Barbados as a non-national, you will be granted a visitor visa at the point of entry. The length of your stay on this visa is determined by the immigration officer and can range from 1 to 6 months. If you own a property in Barbados, you may be granted a longer stay, but this is at the discretion of the immigration officer.
It’s important to note that owning a property in Barbados does not automatically grant you the right to live on the island indefinitely. As a non-national, you must adhere to the rules and regulations governing the length of stay for visitors.
Extending Your Stay:
If you wish to extend your stay in Barbados beyond the initial visitor visa duration, you can apply for an extension at the Barbados Immigration Department. Extensions are typically granted in increments of 3 months and can be renewed multiple times, provided you can demonstrate the financial means to support yourself and any dependents during your stay.
Keep in mind that while you may be able to extend your stay as a property owner, you are still considered a visitor and are not permitted to work on the island without a valid work permit.
Residency and Visa Options for Property Owners:
If you own a property in Barbados and plan to spend a significant amount of time on the island, you may wish to consider applying for one of the available residency or visa options. These include:
The Special Entry and Reside Permit (SERP): This permit is designed for high-net-worth individuals and allows you to reside in Barbados without the need for a work permit. To qualify, you must meet specific financial requirements, including a minimum net worth and investment in local property.
The Barbados Welcome Stamp: This 12-month remote work visa allows non-nationals to live and work in Barbados, contributing to the local economy. Applicants must provide proof of employment or self-employment and meet a minimum income threshold.
Permanent Residency: If you have resided in Barbados for a significant period and have established strong ties to the island, you may be eligible for permanent residency. This status allows for indefinite residence and the right to work without a separate work permit.
Owning a property in Barbados is an exciting opportunity, but it’s essential to understand the rules governing your length of stay as a non-national. By exploring the options for extending your stay and considering the various residency and visa alternatives, you can make the most of your time in this beautiful Caribbean paradise.
