Canadians Need To Be Earning $66K A Year In Order To Work Remotely From Barbados (VIDEO)
How does doing your job from the beach sound? Well, it might not actually happen for you depending on your income. To work remotely in Barbados you'll have to make sure that you'll be able to support yourself financially while there.
The Barbados Working Stamp is a 12-month visa for foreigners that was introduced because of the effect the COVID-19 pandemic had on the Caribbean country's tourism industry.
It allows foreigners, including Canadians, to travel there to work remotely.
You can't just go there right now and start working though. You have to apply first, get approved and then you can head down south.
There are also some conditions to be aware of as it relates to money.
As part of the application for the visa, there's an income declaration that needs to be completed.
You have to check off a box that certifies that you expect to earn US$50,000 or more over the next 12 months.
That's equals to just over CA$66,880.
Or, checking that same box also certifies that you have the means to support yourself while you're there.
So, if you don't make that much money in a year but could still pay for your expenses in Barbados, then that could work too.
There's more financial stuff involved in this process.
If your application is approved, you'll have to pay a fee of US$2,000 which is about CA$2,673.
There's also a family bundle option which is US$3,000 or just over CA$4,016 if you're going with relatives.
Applications are processed within 48 hours and either confirmed or denied within seven days.
When you get to Barbados, there are other expenses to think about.
You'd have to find a place to stay and a way to get the internet so you can work.
However, you don't have to pay the Barbados income tax.
Some cafes, public libraries and some parts of the country's capital city have free public wifi.
If you want to take advantage of this offer but are concerned about how much it would cost to live there for a year, there's another option.
You can go to Barbados any time during the 12 months the visa is valid.
Once you're there, you can travel in and out of Barbados whenever and as many times as you want before the working stamp expires so you don't have to pay to spend an entire year there.