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How to Set Up a Company in Barbados: The Ultimate Guide 2024
Is it your dream to set up a company in Barbados in 2023? Going offshore is a great tactic that allows you to choose your tax rate and maximize tax…
Barbados
Nomad Passport Index Ranking
53
Nomad Rank
93.50
Total Score
Country
Barbados
Capital City
Bridgetown
Language
English
Currency
Barbadian dollar
Region
Americas
Landlocked
No
Barbados
Nomad Passport Index Ranking
The passport of Barbados is currently ranked as 53, with a total score of 93.50. Barbados passport ranking relative to other global passports is calculated by relying on the Barbados government's approach not just to travel, but also to international taxation laws, global perception, dual citizenship, and personal freedom as just the number of countries Barbados passport holder may visit won't tell the whole story and you will have to deal with far different requirements to pay tax, live freely, comply with regulations, and avoid scrutiny when traveling.
| 153 | 30 | 30 | 50 | 30 |
| Travel | Taxation | Perception | Dual Citizenship | Freedom |
Visa-Free
Visa On Arrival
Visa eTA
Visa Required
Travel Destinations from Barbados 50% in total score
For the Barbados Travel score calculation, we relied on data from the IATA, Henley Index, and news sources to rank travel access. We calculate the Travel scores by summing up Visa-free, Visa On Arrival, and eTA countries. Based on that data, we assigned Barbados a Travel score of 153 as there are 106 countries that Barbados passport holders can enter without a visa (i.e. visa-free countries), 40 countries that allow Barbados passport holders to enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) and 7 electronic travel authorization (eTA) destinations. Altogether, Barbados passport holders can enter a total of 153 destinations — either without a visa, through a visa on arrival, or via an eTA. Separate from these 153 destinations, there are 97 additional destinations which Barbados passport holders either need a physical visa to enter or an eVisa.
Taxation in Barbados 20% in total score
For the Barbados Taxation score calculation, we relied on data from our network of tax vendors, news sources, and tax authorities themselves. We assigned the lowest score of 10 to countries that tax citizens no matter where they live, scores of 20 or 30 to countries that allow citizens to relocate to avoid tax, 40 to those that don’t tax foreign incomes of resident citizens, and 50 to countries with zero tax. Based on that data, we assigned Barbados a Taxation score of 30, meaning that Barbados allows citizens to relocate to avoid tax.
LET US CREATE YOUR HOLISTIC OFFSHORE PLAN
Having a second residence in another country is a great way to diversify away from your home country, pay less in taxes, and possibly obtain a second citizenship, but are you sure that Barbados is the best option for you? Let our experienced team create and implement a bespoke, holistic strategy for you to legally reduce your tax rate offshore, protect your assets, invest overseas, obtain a second citizenship, and improve your peace of mind. We've helped 1,500+ HNWI entrepreneurs and investors and we can help you, too.
BECOME A CLIENTPerception in Barbados 10% in total score
For the Barbados Perception score calculation, we relied on the World Happiness Report, the Human Development Index, and subjective factors from our networks’ experiences to determine how each country’s citizens are received and recognized. We assigned the lowest score of 10 to those whose citizens are refused entry to a substantial number of countries and/or whose citizens encounter substantial hostility, scores of 20, 30, and 40 to countries whose citizens experience intermediate hostility, and 50 to countries ranked among the happiest in the world and whose citizens experience minimal hostility. Based on that data, we assigned Barbados a Perception score of 30, meaning that Barbados citizens experience intermediate hostility.
Dual Citizenship in Barbados 10% in total score
For the Barbados Dual Citizenship score calculation, we relied on embassy data and our experiences to assess the ability to hold dual citizenship, ranging from a score of 10 for strictly forbidden to a score of 50 for freely allowed. We assigned the score of 10 and 20 to countries whose citizens are strictly forbidden to hold other citizenships, scores of 30 and 40 to countries whose citizens are often allowed to hold other citizenships but with certain restrictions, and 50 to countries whose citizens are almost always allowed to hold other citizenships. Based on that data, we assigned Barbados a Dual Citizenship score of 50, meaning that Barbados citizens are almost always allowed to hold other citizenships.
Freedom in Barbados 10% in total score
For the Barbados Freedom score calculation, we relied on data and news reports on mandatory military service, government surveillance, press freedom, and other factors to determine the personal freedom of citizens, travelers, and expats, with scores from 10 being the least free and 50 being the freest. We assigned the scores of 10 and 20 to countries whose citizens have low freedom, scores of 30 and 40 to countries whose citizens have intermediate freedom, and 50 to countries whose citizens have total freedom. Based on that data, we assigned Barbados a Freedom score of 30, meaning that Barbados citizens have intermediate freedom.
ARTICLES FEATURING Barbados
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How to Get Barbados Welcome Stamp Visa: The Ultimate Guide 2023
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How to Establish Tax Residence in Barbados 2024
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The Difference Between Tax-Free, Low-Tax, Tax Exempt, and Non-Dom Countries
Lowering your taxes or eliminating them entirely is something that many of us aspire to, especially if we live and work in the West. Aggressive high-tax policies and burdensome regulation…
SIMILAR PASSPORTS
Barbados
| Rank | 53 |
| Score | 93.50 |
| Travel | 153 |
| Taxation | 30 |
| Perception | 30 |
| Dual Citizenship | 50 |
| Freedom | 30 |
Barbados