The British Virgin Islands (BVI), is a British overseas territory located in the Caribbean to the east of Puerto Rico.The British Virgin Islands consist of the main islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, along with over fifty other smaller islands and cays. About 15 of the islands are inhabited. The capital, Road Town, is situated on Tortola, the largest island, which is approximately 20 km long and 5 km wide. The islands have a population of about 27,800, of whom approximately 23,000 live on Tortola.
The British Virgin Islands (BVI) very much cater for those who enjoy outdoor activities or water sports. The Islands represent one of the most relaxed and stunningly beautiful and unspoilt destinations in the world, with genuinely friendly people, the best sailing waters in the Caribbean (it has the largest crewed yacht fleet), horseback riding, mountain trails, and outstanding wreck diving on pristine coral reefs.
The islands are half an hour’s flight from Puerto Rico, the regional hub, and adjacent to the US Virgin Islands.
The “twin pillars” of the economy are tourism and financial services. As an offshore financial centre, the British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region. The British Virgin Islands (BVI) offer an outstanding quality of life as well as excellent job opportunities in international finance. There is usually high demand for qualified professionals to work in the Big Four firms or in commerce (in particular, in insolvency or for trust account management firms or funds).
As with the other offshore islands featured, immigration rules are quite strict, and prospective recruits will need to obtain a work permit. But for accountants this is not usually a big issue as your skills are in high demand on the island. The fact is the BVI is a very small country and foreign nationals make up most of the (professional) workforce. Employers would generally offer relocation packages, but in most cases would require you to commit for e.g. 18 month contracts to recoup their investment in you – something that you need to be considered before committing to such a big move.
There is no tax on offshore income and capital, no tax on mutual funds, no inheritance tax, no capital gains tax, no VAT/sales tax, no currency controls, and no double taxation agreements in the British Virgin Islands.
For more info on the island, refer to the websites below, which give all the required info:
Find below links to recruitment firms on the island:
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