Barbados ranks first in the Caribbean for digital nomads
Barbados is the Caribbean’s top destination for executive digital nomads, according to Savills Plc, a UK-based real estate agency.
Of the 15 ranked destinations, Barbados ranked number one in the Caribbean and fifth overall, and was noted as having the fastest internet in the Caribbean, an attractive climate and good air connectivity. The first destination was Lisbon, followed by Miami, United States of America (USA); Dubai, United Arab Emirates and Algarve, Portugal.
The index was based on countries that have a digital nomad visa program or equivalent, or in the case of the United States and European countries, are already part of a large economic bloc that allows free movement within it. Other criteria assessed included a favorable year-round climate, a high quality of life and a developed luxury housing market.
Prime Minister Mia Amor Mottley, in July 2020, announced welcome stamp program, which aims to contribute to the diversification of the island’s tourist product and attract a new type of visitor. The scheme also aims to fill the void left by dwindling tourist arrivals and generate foreign exchange, and in July 2021 the Remote Employment Bill was passed.
It allowed for the extension of existing legislation governing the welcome stamp program. The Remote Employment Act 2020-2023 allows people benefiting from the program to renew their application and pay the corresponding fees to live another year in Barbados.
As of March 2022, Barbados had received 3,511 applications and approved 2,308 for the program. Of the 3,511 applications received, 2,156 concerned the period from July to December 2020; 1,011 applications for the year 2021 and 254 until the end of March this year.
According to the data provided, the top five candidate countries for entry under the program are United States of America, United Kingdom, Canada, Nigeria and Ireland.
Of the requests received, 64% came from individuals and 36% from families. A further breakdown of the statistics revealed that 62% of the candidates are men and 38% women.
Candidates approved under the program hold positions in fields such as engineering; Health Sciences; architecture, information technologies; Communications; Public administration; Finance; Education and formation; Straight; Distribution and Logistics, and Management.
The recent statistics were compiled by the Research Department, Barbados Tourism Marketing Inc., with data received from the Barbados Department of Immigration. (BGIS)