Why Barbados Appeals to North Americans
Some things speak for themselves. Barbados is a safe, English-speaking destination that is easy to reach from most major cities across the US and Canada. Direct flights from New York, Miami and Toronto make weekend escapes effortless, and more than a few guests end up staying longer than they planned.
It’s a place where good weather is the default, the sea is always nearby and people greet each other like neighbours.
Healthcare is strong. The infrastructure is modern. The currency is pegged to the US dollar. And for those working remotely, the island’s Welcome Stamp visa created a model that many others have since tried to follow.
Beyond the practicalities, Barbados is simply an enjoyable place to live. Low crime rates, clean beaches, fresh food and a rhythm that never rushes you out the door.
Can Americans and Canadians Buy Property in Barbados?
Yes, there are no restrictions on foreign ownership and buyers enjoy freehold title. The process will feel familiar to most North Americans:
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A deposit of 10 percent secures the property
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Your attorney carries out the title search
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Completion takes place in around three to six months
You’ll want to register funds through the Central Bank of Barbados. That ensures you can sell and repatriate your investment later without friction.
Buyers are responsible only for legal fees, typically around 1.5 to 2 percent of the purchase price. The seller covers the stamp duty and transfer tax, which keeps buyer-side costs relatively contained.
What About Taxes, Visas and Legal Details?
This is where Barbados shines. The tax environment is refreshingly straightforward:
Annual land tax starts at zero for homes under BBD $150,000 and tops out at just one percent over BBD $850,000.
If you're considering living here more permanently, the Welcome Stamp covers remote work for 12 months, with options to renew. Alternatively, a Special Entry and Reside Permit (SERP) offers a longer-term path for retirees and second homeowners.
Rental income is taxed locally at 25 percent, but there are no hidden levies or layered bureaucracy. Things are kept clean, clear and investor-friendly.