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Over $8 million generated through the Welcome Stamp Programme –
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Unemployment higher than reported - Barbados Today
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Hi there,
I moved to Barbados in October 2020 and I will be on the island for at least the next 12 months. I may also stay longer if I am eligible to extend my remote work visa for a further period, or if I am eligible to apply for a different visa at that point. Under the current visa in Barbados, I am exempt from paying Income Tax by virtue of s.4 of the Remote Employment Act, 2020 (a domestic law in Barbados).
I will soon begin receiving an income in Barbados from a client in the United States (i.e. foreign income not derived from a UK source), but I will continue to receive a small income and potentially a small amount of dividends from my company in the UK (of which I own 100% of the shares).