Barbados says it has approved over 2,000 applications from foreign nationals wanting to participate in the country’s Welcome Stamp Programme. The 12-month programme is being pitched as a way to diversify the island’s tourism product, attract a new type of visitor, as well as generate foreign exchange.
The government introduced the programme in July 2020 as part of the efforts to encourage visitors to the island as it dealt with the impact of the novel coronavirus pandemic that resulted in a shutdown of borders and a significant decline in tourism revenue.
According to figures provided by the government, as of December 31, last year the programme had approved 2,163 of 3,257 applications received.
It said data showed that the foreign nationals taking advantage of the programme were from the United States, the United Kingdom, Canada, Nigeria and India.
“From the applications received, 65 per cent were from individuals and 35 per cent from families. A further breakdown of the statistics revealed that 62 per cent of the applicants were male, while 38 per cent were females,” the statement said.
It said that those applying under the programme have occupations in fields ranging from technology and communication to marketing; finance; manufacturing; education and training; law and public administration.
The Remote Employment Act 2020-2023 allows for the Welcome Stamp to be renewed, fees to be paid, and for the renewal of the stamp itself for those individuals who have been resident in Barbados under the programme for a year, the statement noted, giving no details as to the revenue collected under the scheme to date.
