Barbados offers immediate, unconditional permanent residence to those who invest US$2 million (in any of a wide range of asset classes), and renewable 5-year residence permits to those who invest US$300,000.
Program participants of either category are eligible to apply for citizenship after five years of residence in the country. A Barbadian passport affords visa-free travel to 163 destinations, including those in the Schengen area.
The Barbados SERP Program offers two types of residence permits, both of which are called “permanent residence” but one of which is, in practice, conditional:
Category 1 SERP – Permanent Residence indefinite
Category 2 SERP – Permanent Residence 5-year intervals
Dependents may include a spouse as well as children under the age of 18, or older children still attending university and financially supported by the main applicant.
Dependents are subject to an additional application fee of US$150 per person.
SERP Category 1 holders receive immediate, unconditional permanent residence, which needn’t be renewed, while Category 2 SERP holders must maintain their investment to renew their residence permit every five years.
Residents who have resided in Barbados for 5 of the last 7 years, and who have been physically present in Barbados for the 12 months immediately preceding the application, are eligible for citizenship.
To naturalize as citizens, residents must demonstrate a mastery of English language.
Browse 195 countries’ paths to citizenship in the hyper-detailed IMI Citizenship Catalog.
Applications for this program may be directed to Barbados Immigration Department.
Legislation upon which this program is based Immigration Act 1976 Part II Section 5.
As noted in the program qualifications above, an investor can qualify for this program with a local property purchase above the minimum investment threshold. View eligible properties curated by IMI and our real estate partners:
During Prime Minister Roosevelt Skerrit’s budget presentation in Dominica’s Parliament this week, several members of the United Worker’s Party, the island’s
See more statistics on this program and others in the IMI Data Center.