It "has fantastic tax rates", Propertyshowrooms.com agents and media manager Terry Hobbs noted, pointing out that these mainly apply to enterprises.
Nationals and foreigners have the same rights when purchasing real estate, although it is recommended that expatriates and overseas investors seek permits from the Central Bank of Barbados, the expert continued.
Mr Hobbs said the "beautiful, white, sandy beaches", the pleasant weather, constant warm temperatures and the lively culture are some of the things that attract individuals to its shores.
Further considerations include the strong financial institutions, which are the world's third safest, he asserted.
Transfer tax rates are 7.5 per cent and stamp duty is one per cent, while a tax also exists for property, the expert stated.
It has relatively low crime rates, but a hurricane season runs from June to November and dengue fever can also afflict travellers, the UK's Foreign and Commonwealth Office advises.