Barbados Corporate Rentals E book 2014

Page 2

Corporate Relocations

Introduction

You’re relocating to Barbados! This 166 square mile island is what we call home and we are happy to share it with you. Our people are friendly; our culture unique and living here is truly paradise! Within these pages, you will find information that will tell you all you need to know about relocating to Barbados, from immigration and schools, to shopping and dining.

Immigration

The Immigration Department regulates the entry, stay and exit of foreign nationals in Barbados. When moving to Barbados, the Immigration Department is the contact for: • Work permits/training attachments • Student visas • Entry Visas • Extensions of stay. Forms can be downloaded at the website: www.immigration.gov.bb/pages/Downloads.aspx

Special Entry & Reside Permit (SERP)

SERP allows individuals to enter and reside on the island for a specific time period of 5 years. Work permits and student visas are still needed and must be obtained from the relevant authorities. The eligibility requirements and fees charged are as follows: Eligibility: Non-nationals who are either: • High Net Worth Individuals: Owning assets of US$5 million or more, OR • Owners of property not subject to mortgage, or investments purchased in Barbados valued at US$2 million or more with funds originating outside of Barbados. Fees for employed persons over 60 years: • Special Entry Permit: US $5,000; plus
• Indefinite work permit: US $15,000; or
• Annual work permit: US $1,500 Fees for employed persons under 60 years: Option 1: • Special Entry Permit: US $5,000; plus
• Indefinite work permit: US $20,000 Option 2: • Special Entry Permit: US $3,500; plus • Annual work permit: US $1,500 Fees for Non-Executive Directors: • Special Entry Permit: US $5,000; plus US $500 annually. Fees for Dependants: • US $150 per dependent. Further information can be obtained by calling (246) 434-4171

Visas

Dependent on your country of citizenship, and your conditions of stay, you will need an Entry Visa into Barbados. The relevant application form is available on the Barbados Immigration Department’s website. It is important to note that you cannot apply for the Entry Visa on arrival at the Port of Entry - application must be done prior to booking and confirmation of travel. Payment can be made via cash, postal money order or bank draft and can be paid by a representative on your behalf. Fees are as follows:• Single Entry: US$ 102.00 • Multiple Entry: US$ 204.00 On application for the Entry Visa, you will need the following: • One completed visa form • One cover letter • Two passport-sized photos • A photocopy of the pages of your passport (including bio page with photo and other relevant information) • If resident in a country other than country of citizenship, proof of resident status. Further information can be obtained by calling (246) 434-4130 or (246) 434-4163

Work Permits

There are 2 types of work permits - short term and long term. These carry an application fee of BDS $300.00 and a final fee. A final fee is dependent on the type of work and the length of time requested and is in accordance with the International Standard Code Fee Regulations. Short-term work permits are valid up to 11 months and it is the responsibility of the employer or ‘sponsor’ to make the application on the employee’s behalf. The documents required for a short-term permit are as follows: • Cover letter from potential employer • C-3 Application form in duplicate • 4 passport-sized photos • A Police Certificate of Character and / or a Sworn Affidavit. These documents are also relevant for a training attachment. NB: A final fee is not required for a training attachment. Long-term work permits are valid for up to 3 years. The documents required are as follows: • C-1, C-2 work permit forms (found on website), in duplicate • Completed Medical Form (found on website), including external X-rays • 4 passport-sized photos • 2 character references • Evidence of applicant’s qualifications • Detailed cover letter from potential employer • A Police Certificate of Character and/or a Sworn Affidavit • If you’re an entrepreneur, the following must be given: i) Proof of transfer of funds for investment, ii) Certificate of Registration/


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