The British Virgin Islands (BVI), also known as the “Virgin Islands” are a British Overseas Territory located in the Caribbean, just east of Puerto Rico.The BVI has a very attractive tax regime, there is no personal or company income tax.
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How do you become a resident of the British Virgin Islands?
An applicant for permanent residence must reside in the Virgin Islands consecutively for a period of 20 years before application can be considered. An applicant can only be absent from the Territory for 90 days in any calendar year except when pursuing further education or as a result of illness.
Are BVI residents British citizens?
British Virgin Islanders are British Overseas Territories citizens and since 2002 are British citizens as well.
Can an American live in BVI?
It has been estimated that there are several thousand Americans living in the British Virgin Islands. Living in the British Virgin Islands is an incredible experience for a number of reasons, including the climate, the beaches and sailing, the community, and the quality of life.
Can I live in the BVI?
If you’re wondering how to move to the British Virgin Islands, it’s important to note that foreigners wishing to reside in the territory, even citizens of the UK, must ask formal permission to stay.Longer stays must be approved by the BVI Immigration Department (located in Road Town, Tortola).
Can Brits work in the British Virgin Islands?
Yes, all persons not deemed to Belong to the Virgin Islands, not holding a valid Certificate of Residence or Exempted from the requirement of a work permit are required to have a valid work permit to engage in gainful employment in the Virgin Islands.
What is the difference between British Virgin Islands and U.S. Virgin Islands?
US Virgins Islands: Whats the Difference? The British Virgin Islands are a British Overseas territory while the U.S. Virgin Islands are a territory of the United States, meaning you will find the culture and customs of the two island groups similar but distinctive.
Do I need a passport to go to the US Virgin Islands?
As a United States Territory, travel to the U.S. Virgin Islands does not require a passport from U.S. citizens arriving from Puerto Rico or the U.S. mainland. Entry requirements for non-U.S. citizens are the same as for entering the United States from any foreign destination.
Are the Virgin Islands a US territory?
The United States Virgin Islands (commonly called the U. S. Virgin Islands or USVI) are a group of islands in the Caribbean that are an insular territory of the United States of America (commonly called US).
Can you retire in BVI?
Unfortunately, the BVI does not offer any options for retirees to become full-time residents. In order to be eligible for a Certificate of Residence, applicants need to have lived in the country for 20 years (work visa, marriage, etc.).
How long can a Canadian stay in BVI?
US Virgin Islands tourist visa is not required for citizens of Canada for a stay up to 90 days.
Is it expensive to live in the British Virgin Islands?
British Virgin Islands is 33.1% more expensive than USA for groceries, -24% cheaper for household costs than UK, and 102.7% more expensive for transport costs than India.
Can I move to Virgin Islands?
As an American citizen, you can move to St. Thomas, in the Virgin Islands, without winning the jackpot. It’s really no different than moving to another state, since you don’t need a visa and can simply arrive and establish residency. However, the cost of living is high, and hurricanes happen all too frequently.
Can a US citizen buy property in BVI?
Can foreigners buy property in the BVI? Yes, foreigners can buy property in the BVI and the Government of the BVI welcomes investment from overseas buyers. However, foreign nationals are required to apply for a Non-Belonger Land Holding Licence (NBLHL) for which there is a small fee.
Is BVI a good place to live?
The country is safe, welcoming and ideal for raising kids. You’ll also find a perfect balance between a sleepy-island vibe and modern conveniences, so you’ll hardly be roughing it, especially the biggest island, Tortola.
Do you pay tax in the British Virgin Islands?
While there is no income tax in the British Virgin Islands, there is payroll tax and social security imposed on every self-employed person and on employers operating in the British Virgin Islands.For Class 2 employers and self-employed persons, the rate charged is 14 per cent of the employee’s annual salary.
Can a British citizen move to a British overseas territory?
Generally, as a British citizen, you do not automatically have the right to permanently move to British overseas territories. If you want to move to one of them, you need to apply for a visa.
How do I become an aguilla citizen?
Unlike other Caribbean programmes such as St. Kitts and Antigua the Anguilla programme is not a citizenship by investment or second passport programme. Applicants can qualify by making an investment either into the Capital Development Fund or direct into Real Estate.
What do you call a person from the Virgin Islands?
People from the Virgin Islands are called Virgin Islanders and based on the island of residence are called St. Thomian, St. Johnian, Crucian and Water Islanders respectively. The first people known to have inhabited what is today the Virgin Islands were the Carib, Arawak and Ciboney Indians.
Are citizens of US Virgin Islands US citizens?
The U.S. Virgin Islands are an unincorporated territory of the United States, meaning that only select parts of the U.S. Constitution apply to its residents. Individuals born in the U.S. Virgin Islands are considered citizens of the United States.
What’s better British or US Virgin Islands?
The USVI is commercialized, nice beaches, has more nightlife, chain resorts and some villas for rents, and is much more crowded. The BVI is low key, has a wealthier economy, many privately owned villas and hotels for rent, not much night life, no chain restaurants/shops/hotels, beautiful beaches, less crowded.
