PurgatoryCaribbean
Barbados
12%effective individual rate
No capital gains tax but income tax up to 28.5%. Barbados Welcome Stamp digital nomad visa popular with crypto holders.
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax0%
Income Tax on Crypto12.5-28.5%
Corporate Tax5.5%
VAT on Crypto17.5%
Activity Taxes
Staking
Income tax
Mining
Income tax
DeFi
Income tax
NFTs
No CGT
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
No CGT at all
Regulation & Residency
Regulatory Body
Central Bank of Barbados; FSC
Residency Requirement
Welcome Stamp visa; various options
Reporting Requirements
Annual tax return
Citizenship & Residency Path
Welcome Stamp (digital nomad); citizenship after 5+ years
Notable Conditions
- →Zero CGT
- →Welcome Stamp digital nomad visa
- →5.5% corporate tax
- →Strong financial sector
Living & Lifestyle
Cost of Living
Moderate-High
Banking Access
Good
Quality of Life
High
Lifestyle Scores
Safety7/10
Healthcare6/10
Institutions7/10
Business Ease6/10
Int'l Schooling4/10
Privacy6/10