According to Savills, a UK-based real estate agency, Barbados is the most popular Caribbean destination for executive digital nomads.
Savills’ director, Paul Tostevin, wrote in his April 27 blog that an Executive Nomad Rating poll was undertaken as part of the company’s Impacts 2022 programme.
Barbados was ranked first in the Caribbean and fifth overall out of 15 destinations. This was based on the country having the fastest internet in the region, a pleasant climate, and decent air connectivity. Lisbon was the most popular destination, followed by Miami, Dubai, United Arab Emirates, and the Algarve, Portugal.
The index was created using nations with a digital nomad visa programme or are members of an economic bloc that enables free movement. Other criteria also considered in the digital nomads poll included:
- A year-round pleasant environment
- Excellent quality of life
- An established luxury housing market
Prime Minister Mia Amor Mottley announced the Welcome Stamp Program in July 2020. The objective was to expand the island’s tourism sector and attract a new type of visitor. In addition, the Remote Employment Amendment Bill, passed in July 2021, aims to fill the vacuum left by decreased tourist visits and earn foreign cash.
It permitted the existing legislation governing the Welcome Stamp Program to be extended. The Remote Employment Act 2020-2023 allows programme participants to renew their applications and pay the necessary fees to stay in Barbados for another year.
Barbados received 3,511 applications and approved 2,308 for the programme as of March 2022. There were 2,156 applications for July to December 2020, 1,011 applications for the year 2021, and 254 applications until the end of March this year.
Barbados ranks #1 in the Caribbean for executive digital nomads.
The top five countries seeking admittance into the programme are:
- The United States of America
- The United Kingdom
- Canada
- Nigeria
- Ireland
Individuals made up 64 per cent of the applications received, while families made up 36 per cent. Further analysis revealed that 62 per cent of applicants are men and 38 per cent are women.
The fields authorised applicants work include:
- Engineering
- Health science
- Architecture
- Information technology
- Communications
- Public administration
- Finance
- Education and training
- Law
- Distribution and logistics
- Management
You can discover further information about the Barbados Welcome Stamp on the Visit Barbados website. If you are looking for a property on the island to rent or purchase, then contact the Residence Barbados team and we’ll be happy to assist. You can also contact us at +1 246 230 4982.
Content Disclaimer
The information contained above about golfing at Apes Hill Resort is provided for information purposes only. The amenities listed may or may not be available at any time. The contents of this blog post are not intended to amount to advice and you should not rely on any of the contents of this post. Professional advice should be obtained before taking or refraining from taking any action as a result of the contents of this post. Residence Barbados disclaims all liability and responsibility arising from any reliance placed on any of the contents of this newsletter.
