2020-07-21
OBJECTS AND REASONS
This Bill would provide for non-nationals who work remotely from Barbados for a period of 12 months to be deemed non-resident for income tax purposes and provide for related matters.
Arrangement of Sections
Short title
Definitions
Grant of Barbados Welcome Stamp
Individual may work remotely
Barbados Welcome Stamp
Effect of grant of a Stamp
No employment to be taken in Barbados
Revocation of Welcome Stamp
Barbados Welcome Stamp Register
SCHEDULE
APPLICATION FOR 12 MONTH BARBADOS WELCOME STAMP
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BARBADOS
A Bill entitled
An Act to provide for non-nationals who work remotely from Barbados for a period of 12 months to be deemed non-resident for income tax purposes and provide for related matters.
ENACTED by the Parliament of Barbados as follows:
Short title
This Act may be cited as the Remote Employment Act, 2020.
Definitions
For the purposes of this Act,
“non-national” means a person who is not a citizen of Barbados;
“Barbados Welcome Stamp” or “Stamp” means a visa granted by the Chief Immigration Officer with the approval of the Minister responsible for Immigration to a person to whom this Act applies.
Grant of Barbados Welcome Stamp
A non-national who is employed in a country other than Barbados may, upon making application to the Minister responsible for Immigration in the form set out in the Schedule, be granted a Barbados Welcome Stamp to work in Barbados for a period of 12 months, subject to the following conditions:
he possess a valid passport;
he can show proof
of annual income of $100 000 or more; and
that the income is generated outside Barbados; and
he is the holder of valid health insurance for the period for which the Stamp was granted.
Individual may work remotely
A non-national who has been granted a Barbados Welcome Stamp to work remotely from Barbados shall be deemed not to be resident in Barbados for the purposes of section 85(5) of the Income Tax Act, Cap. 73.
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Barbados Welcome Stamp
A Stamp shall be granted for a period of 12 months only.
The fee for the grant of a Stamp shall be
$4 000 in the case of an individual; and
where the individual is accompanied by his family, $6 000.
Effect of grant of a Stamp
For the purposes of section 16 of the Income Tax Act, Cap. 73 income derived from Barbados shall not include income received by an individual who is in receipt of a Stamp.
No employment to be taken in Barbados
An individual to whom a Stamp has been granted shall not engage in employment in Barbados other than employment for which the Stamp was granted.
Revocation of Welcome Stamp
The Minister may revoke the Stamp of an individual who contravenes or fails to comply with the provisions of this Act.
Barbados Welcome Stamp Register
A register of all individuals issued with a Barbados Welcome Stamp shall be kept by the Chief Immigration Officer and shall contain such information as may be determined by the Minister responsible for Immigration.
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L.R.O. 1998
SCHEDULE
(Section 3)
Remote Employment Act, 2020 (Act 2020- )
FORM
APPLICATION FOR 12 MONTH BARBADOS WELCOME STAMP
Applicants wishing to apply for the 12 Month Barbados Welcome Stamp are required to complete and submit the following documents electronically:
• Bio data page of passport (self/spouse/partner/children/dependant)
• Birth certifi cate (self/spouse/partner/children/dependant)
• Proof of relationship of dependants (birth certifi cate, marriage certifi cate, adoption documents)
• Entry visa (where applicable)
Upon approval the following non-refundable fees are applicable:
• Individual Fee - BDS $4,000.00
• Family Fee - BDS $6,000.00
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L.R.O. 1998
APPLICANT
Personal Information
Name (Mr.*/Mrs.*/Miss*): Sex: Male Female
Marital Status: Single Married Divorced Widowed
Date of Birth: Country of Birth:
Country of citizenship:
Former nationality (if applicable):
Email address:
Name of Employer:
Brief description of type of work/nature of business in which applicant will be engaged:
First Name
Month/Day/Year
Middle Name Last Name
Nationality
Email address
Employer's Name
Country
Schedule - (Cont'd)
Name of Country
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L.R.O. 1998
Contact Information
Permanent Address:
Street Address:
City: State/Province/Region:
Zip/Postal Code: Country:
Email address:
Telephone No.:
Emergency Contact:
Passport Details
Passport Number:
Date of Issue: Date of Expiry:
Place of Issue:
Proposed date of entry into Barbados:
Month/Day/Year Month/Day/Year
Country
Month/Day/Year
Schedule - (Cont'd)
(Area code)-(Telephone number)
Full Name
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Spouse/Partner Information (if applicable)
Name of Spouse/Partner (Mr.*/Mrs.*/Miss*):
Sex: Male Female
Date of Birth: Country of Birth:
Country of citizenship:
Former nationality (if applicable):
Passport Number:
Dependants information (if applicable)
Is there any person(s) in the family group that would be defi ned as a dependant?
Yes No
(see defi nition in General Information – Defi nition of Terms )
Schedule - (Cont'd)
Month/Day/Year Country
Name of Country
Nationality
Name Date of Birth Passport Number
Country of Citizenship(Month/Day/Year)
First Name Middle Name Last Name
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Will dependants be attending school in Barbados? Yes No
If "Yes" choose
Public school (link to student visa application)
Private school (link to student visa application)
Home school
Have you ever been convicted of a serious criminal offence? Yes No
Declaration
I hereby declare that I, my spouse, partner or dependants will not accept any employment from or offer any services to a citizen, permanent resident, immigrant, work permit holder or any person or entitiy carrying on business in Barbados.
I certify that I expect to earn an income of $100 000 or more over the next 12 months and that I have the means to support myself, my spouse, partner and dependants accompanying me, during my stay in Barbados.
I hereby certify that the information given by me in this application is true and correct to the best of my knowledge. I understand and agree that any false information, misrepresentation, or omission of facts in this application and the application process, may be justifi cation for refusal of the grant of a Barbados Welcome Stamp.
Signature: Date of Submission: Month/Day/YearSignature
Schedule - (Cont'd)
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L.R.O. 1998
INSTRUCTIONS
DEFINITION OF TERMS
Applicant: Individual who will be engaging in remote work in Barbados.
Family: Applicant, spouse, partner and dependant(s).
Dependant: (a) a child or step-child under the age of 26 years;
(b) any other relative who is, by reason of age or any infi rmity of body or mind, wholly dependent on that person for his/her subsistence.
Duration of Stay: Maximum 12 months from date of approval.
Schedule - (Concl'd)
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Read three times and passed the House of Assembly this day of , 2020.
Speaker
Read three times and passed the Senate this day of , 2020.
President
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