‘Welcome Stamp’ remote work visa brings millions in foreign exchange revenue

Barbados’ innovative Welcome Stamp visa program, launched in 2020 during the COVID-19 pandemic, has proven to be a significant economic boon, generating approximately $6 million in foreign exchange revenue over its first three years. Introduced by Prime Minister Mia Mottley, the initiative aimed to offset the decline in tourist arrivals by attracting high-income professionals to work remotely from the island.