Special Entry and Reside Permit - Category 2 (Property Owner/Retiree)

The Special Entry and Reside Permit (SERP) Category 2 is a long-term residency program established under the Immigration Act, Cap. 190, specifically designed for foreign nationals who wish to live in Barbados without engaging in local employment. It fills the gap for retirees and property owners who seek a secure, high-quality environment for long-term residence. By requiring a minimum property investment, the program ensures that participants have a significant, tangible stake in the country, providing them with a stable legal status while maintaining the island's character as a residential and retirement destination.

This permit is for foreign nationals, particularly retirees and those with independent means, who own residential property in Barbados valued at a minimum of USD 300,000. The ideal applicant is someone looking for a peaceful, long-term, or permanent base in the Caribbean who does not need to work locally. A distinctive aspect of this category is its focus on property ownership as a gateway to residency; while it offers a secure path to live on the island, it explicitly prohibits the holder from working in Barbados, reinforcing its status as a program tailored for retirees and individuals who are financially self-sufficient.