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Open In Google Maps. The British Virgin Islands (BVI), officially simply "Virgin Islands", are a British Overseas Territory in the Caribbean, to the east of Puerto Rico. They are available to residents of any country in the world and can be formed as a continuation of another company in another part of the world. )[45] The average monthly income earned by a worker in the territory was US$2,452 as at the time of the 2010 Census. Discover the magic of. The North Atlantic Ocean lies to the east of the islands, and the Caribbean Sea lies to the west. The things to do at night in the British Virgin Islands go well beyond the spectacular sunsets. Home | Government of the Virgin Islands. The British Virgin Islands are known for being laid back and relaxed, whereas the U.S. Virgin Islands are generally considered more family friendly. Citco, also known as the Citgo Group of Companies and the Curaçao International Trust Co., is a privately owned global hedge fund administrator headquartered in the British Virgin Islands, founded in 1948. Defence and most foreign affairs remain the responsibility of the United Kingdom. The capital of the British Virgin Islands, Road Town, is a lively town that serves up a hearty dose of Caribbean culture and energy. This unique create them good and care wives. This website is constantly being updated with new features, content, services and information. See Tripadvisor's British Virgin Islands, Caribbean hotel deals and special prices on 30+ hotels all in one spot. By team size. Read the Department of State's COVID-19 page before you plan any international travel. View Full Profile. Click here to read more about how we use cookies. Because of the current situation in the British Virgin Islands, even fully vaccinated travelers may be at risk for getting and spreading COVID-19 variants. Official YouTube Channel of the British Virgin Islands Tourist Board.Each of the BVI has its own special beauty, character and legends. Effects of Hurricane Irma in the British Virgin Islands, CARICOM, the Caribbean Single Market and Economy (CSME), Terrance B. Lettsome International Airport, Demographics of the British Virgin Islands, Constitution of the British Virgin Islands, "CIA World Factbook- British Virgin Islands", "Government of the Virgin Islands - Our History", "British Virgin Islands, Anguilla and Montserrat", "Don't forget about us: Irma's desperate Caribbean survivors", "An Ecoregion-Based Approach to Protecting Half the Terrestrial Realm", "Virgin Gorda historic weather averages in British Virgin Islands", "Hurricane Danny weakens; Kilo in Pacific loses strength", "Richard Branson 'devastated' about Hurricane Irma destruction", "British Virgin Islands financial centre hit hard by Irma", "Hurricane Irma damage UPDATE: British Virgin Islands Destroyed by deadly storm", "Paradise lost: Tortola seeks UK aid after Irma", "Boris Johnson reminded of Hiroshima on visit to Irma-hit Tortola", "Caribbean in chaos as Irma brings floods to Florida Keys – as it happened", "British response to Hurricane Irma 'found wanting', senior MPs say, as Royal Navy arrives in Caribbean", "European leaders step up Irma relief effort in Caribbean", "What we know so far as Hurricane Irma lashes Florida", "French, British officials view Irma's damage, vow island aid", "Hurricane Irma: British marines hunt Caribbean prison inmates after storm jailbreak", "Explanatory Memorandum to the Virgin Islands Constitution Order 2007", "The Virgin Islands Constitution Order 2007", "How safe is the Caribbean? [27][28] He did confirm that HMS Ocean had departed for the BVI carrying items like timber, buckets, bottled water, food, baby milk, bedding and clothing, as well as ten pickup trucks, building materials and hardware. It is very important that our focus should now shift to those territories and countries that really are tax havens. The British Virgin Islands (BVI),[3] officially the Virgin Islands,[4] are a British Overseas Territory in the Caribbean, to the east of Puerto Rico and the U.S. Virgin Islands and north-west of Anguilla. The weather in the British Virgin Islands fluctuates between 84° F (29° C) and 89° F (32° C) in summer and can go as low as 75° F (24° C) in winter. Cars in the British Virgin Islands drive on the left just as they do in the United Kingdom and the United States Virgin Islands. The Centers for Disease Control and Prevention (CDC) has issued a Level 4 Travel Health Notice for the British Virgin Islands due to COVID-19, indicating a very high level of COVID-19 in the country. Moreover, the territory's Constitutional Commission has expressed the view that "every effort should be made" to encourage the use of the name "Virgin Islands". Visit top-rated & must-see attractions. A report from 2000 suggested that, despite the popular perception, income inequality was actually lower in the British Virgin Islands than in any other OECS state,[46] although in global terms income equality is higher in the Caribbean than in many other regions. As of the 2010 Census, the population of the territory was 28,054. This is illustrated by the fact that the large share of off-shore registrations are done in the British Virgin Islands tax haven. More than 60 islands are split between the neighboring cosmopolitan US Virgin Islands and the relatively unspoiled British Virgin Islands. [5], In 1917, the United States purchased the Danish Virgin Islands for US$25 million, renaming them the United States Virgin Islands. The lack of inheritance taxes as well as the ability to nominate a small number or even only one director means that they can protect their family wealth both from excessive taxation as well as outside influence. The employee also receives vacation payment which is 30 days for every 11 consecutive months worked, together with an element from any applicable 13th-month payments. The island is a major player in the global offshore financial services industry. British Virgin Islanders are British Overseas Territories citizens and since 2002 are British citizens as well. Only 37% of the entire population were born in the territory. Crime in the British Virgin Islands is comparatively low by Caribbean standards. [77] Hindus and Muslims constitute each approximately 1.2% of the population according to Word Religion Database 2005.[78]. The main islands within this group are called Tortola, Virgin Gorda, Anegada and Jost Van Dyke. Calm waters and steady breezes provide some of the best sailing conditions in the Caribbean. [24] Premier Orlando Smith also called for a comprehensive aid package to rebuild the BVI. The British Virgin Islands' sprawling volcanic archipelago is the true essence of the Caribbean. Be sure to check back regularly for new developments. In 1493 Christopher Columbus visited the islands and named them 'Las Virgines'. The British Virgin Islands operates several government schools as well as private schools. An incorporation in the British Virgin Islands is especially beneficial for those who seek to have a highly confidential and private corporate set-up – perhaps in the context of potential interest in the corporate’s accounts by competitors or other agencies. Government type: Parliamentary democracy (House of Assembly); self-governing overseas territory of the UK. Only the ninth district (Virgin Gorda and Anegada) does not include any part of Tortola. Besides access to astonishing beaches, the best all-inclusive resorts in the British Virgin Islands offer true seclusion and untouched natural scenery. [5] The constitution of the islands was amended in 1977, 2004 and 2007, giving them greater local autonomy. The British introduced sugar cane which was to become the main crop and source of foreign trade, and large numbers of slaves were forcibly brought from Africa to work on the sugar cane plantations. Home Countries British Virgin Islands. The British Virgin Islands is considered one of the world's leading offshore jurisdictions. [71], Unusually, the territory has one of the highest drowning mortality rates in the world, being higher than other high risk countries such as China and India. [5], In 2017 Hurricane Irma struck the islands, causing four deaths and immense damage. BOOK NOW British Virgin Islands (BVI) Business Company Incorporations. A partially vaccinated or unvaccinated person who tests positive for COVID-19 upon arrival into the British Virgin Islands will be quarantined for a period of 14 days within the confines of an approved property or vessel or be allowed to leave the Territory if approved for medical repatriation. 8. International organization participation: Caricom (associate), CDB, Interpol (subbureau), IOC, OECS, UNESCO (associate), UPU. Sugarcane production dropped, and there was a general decline in economic activity. British Virgin Islands. Donhead, another British Virgin Islands company owned by Ateret Cohanim, had been leasing a plot of land in the Palestinian neighborhood of Silwan when its registration lapsed in 2010. [25] Specifics were not provided to the news media as to the amount that would be allocated to the Virgin Islands. The adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, made the BVI even more attractive to international business. [60], There is a University of the West Indies Open campus in the territory.[80]. Copyright © 1998-2021 Worldwide Incorporation Services, We’ve been helping business owners since 1998, We work closely with British Virgin Islands Companies Registry to guarantee our service, Fastest offshore companies & accounts – Most competitive pricing worldwide, Golden Cross House 8 Duncannon St,, London, WC2N 4JF, Unit A, 25/F, United Centre, Discovering the beauty of BVI is all about uncovering the unique character of each island in this unspoiled volcanic archipelago. The “British Virgin Islands tax haven” has come about through the creation of a very simple set of corporate taxation rules that offer a highly beneficial taxation system. Other than British Virgin of Islands it has its operation in Puerto Rico, The Dominican Republic, and the United States Mainland. How to find the British Virgin Islands on a map: To follow in the footsteps of the famous explorer and visit this famous sailing destination, the coordinates are 18.4285° N, 62.6243°. By continuing to browse this website you accept the use of cookies. This greatly simplifies reporting and management of business finances for an off-shore registered in BVI – whether it is a subsidiary of a company elsewhere or a company fully incorporated in the BVI. In the mid-1980s, the government began offering offshore registration to companies wishing to incorporate in the islands, and incorporation fees now generate substantial revenues. [48] Since 2001, financial services in the British Virgin Islands have been regulated by the independent Financial Services Commission. This was our best vacation ever. Demographics of British Virgin Islands 2020. The British Virgin Island (BVI) is a well-recognized offshore jurisdiction worldwide. [52], As such the British Virgin Islands is frequently labelled as a "tax haven" by campaigners and NGOs,[53] and has been expressly named in anti-tax haven legislation in other countries on various occasions. [60][3], As of 2 July 1991, the British Virgin Islands holds Associate Member status in CARICOM, the Caribbean Single Market and Economy (CSME).[61][62]. Worldwide Incorporation Services provides the following services in the British Virgin Islands Tax Haven: Location: Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico. [8][5][9] The Arawaks inhabited the islands until the 15th century when they were displaced by the more aggressive Caribs, a tribe from the Lesser Antilles islands. [35] A co-operation agreement exists between the British Virgin Islands and the US Coast Guard allowing American forces to pursue suspected drug traffickers through the territorial waters of the British Virgin Islands. Salaries paid to employees employed by an off-shore company established in the BVI tax haven are taxed at 8% for the employee the remaining percentage up to 12% or 14% for the employer for any salaries above $12,000. Avoid travel to the British Virgin Islands. Hong Kong, 8th Floor, Platinum Tower, Jumeirah Lakes Towers, Dubai, The population is 24,004 and the literacy rate is 97.8%. [5] There is no record of any native Amerindian population in the British Virgin Islands during this period; it is thought that they either fled to safer islands or were killed.[5]. The islands were named by Christopher Columbus. Thisisnotatest Located in British Virgin Islands (1) 1 person in their team From 1000€ per project No work in British Virgin Islands. Boats include everything from full-size mono-hull yachts to dinghies. To embed, copy and paste the code into your website or blog: Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra: [HOT] Read Latest COVID-19 Guidance, All Aspects... [SCHEDULE] Upcoming COVID-19 Webinars & Online Programs, [GUIDANCE] COVID-19 and Force Majeure Considerations, [GUIDANCE] COVID-19 and Employer Liability Issues. The British Virgin Islands tax rate is one of the reasons they are a great place to invest in property. 24. [47] A substantial number of the tourists who visit the BVI are cruise ship passengers, and although they produce far lower revenue per head than charter boat tourists and hotel based tourists, they are nonetheless important to the substantial - and politically important - taxi driving community. [5] Since the 1960s, the islands have diversified away from their traditionally agriculture-based economy towards tourism and financial services, becoming one of the wealthiest areas in the Caribbean. There are 113 kilometres (70 mi) of roads. The islands are an overseas territory of the United Kingdom and, as such, have close links to the UK and EU, as well as a judicial system based on English law falling under British defense and protection. Typical daily minima are around 24 °C (75.2 °F) in the summer and 21 °C (69.8 °F) in the winter. The British Virgin Islands are a group of more than 50 islands and cays in the Caribbean Sea east of Puerto Rico. And all the best sights in between. Their economy is currently focused on financial services and tourism. The Spring Regatta is normally held during the first week of April. Hurricane Danny struck in 2015. [79] It is extremely common for students from the British Virgin Islands to travel overseas for tertiary education, either to the University of the West Indies, or to colleges and universities in either the United Kingdom, United States or Canada. The Spring Regatta is part race, part party, part festival. 8. The special sound of fungi is due to a unique local fusion between African and European music. There is technically still income tax assessed in the British Virgin Islands for companies and individuals, but the rate of taxation has been set at zero. In 2004, migrant workers accounted for 50% of the total population. [1] 29% of the population fell into the "low income" category. With the busiest time upon the Caribbean Islands, the British Virgin Islands is doing what . In 1493 Christopher Columbus visited the islands and named them 'Las Virgines'. [3], The twin pillars of the economy are financial services (60%) and tourism (roughly 40-45% of GDP). The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles and part of the West Indies. British Virgin Islands ("BVI") 'legal entities' are required to report their status on an annual basis pursuant to the Economic Substance (Companies and Limited Partnerships) Act, 2018 (as amended) and the Rules on Economic Substance (together the "Economic Substance Regime"). In the capital, Road Town, typical daily maxima are around 32 °C (89.6 °F) in the summer and 29 °C (84.2 °F) in the winter. Explore an array of British Virgin Islands vacation rentals, including houses, private villas & more bookable online. Here, relaxation and discovery go hand in hand among the mango trees, coconut palms and silky beaches. Shop the latest Dell computers & technology solutions. Incorporation in the BVI tax haven can also be of great benefit to high net worth individuals seeking to establish a home for their personal businesses as it allows them to flexibly manage both their current assets as well as potential future estate. The islands were named "Santa Úrsula y las Once Mil Vírgenes" by Christopher Columbus in 1493 after the legend of Saint Ursula and the 11,000 virgins. The first European sighting of the Virgin Islands was by the Spanish expedition of Christopher Columbus in 1493 on his second voyage to the Americas, who gave the islands their modern name. [83], Since 2009, the BVI have made a name for themselves as a host of international basketball events. cluj-sl-test Located in British Virgin Islands (25) 40 people in their team From 10000€ per project 7 works in British . In 2020 the natural increase was positive, as the number of births exceeded the number of deaths by 302. The Welcome Guide to the British Virgin Islands - the home of Nature's Little Secrets. [3], * Includes Chinese, Carib/Amerindian, Filipinos and Arabs, The 2010 Census reports the main places of origin of residents as follows:[1], The islands are heavily dependent upon migrant labour. [20] The UK's then-Foreign Secretary Boris Johnson visited Tortola on 13 September 2017 and said that he was reminded of photos of Hiroshima after it had been hit by the atom bomb. Do not travel to the British Virgin Islands due to health and safety measures and COVID-related conditions.. Read the Department of State's COVID-19 page before you plan any international travel.. There are a wide range of benefits to incorporating a BVI BC in the British Virgin Islands tax haven. On 10 September UK Prime Minister Theresa May pledged £32 million to the Caribbean for a Hurricane relief fund; the UK government would also match donations made by the public via the British Red Cross appeal. Discover More. High quality British Virgin Islands-inspired gifts and merchandise. Banks in the British Virgin Islands consist of six commercial banks and one restricted bank, as of 2012. 7. As a bustling yachting hub and the base of many charter companies, it could well be where you start and end your charter. [59], Agriculture and industry account for only a small proportion of the islands' GDP. An Island by Island Look", "Thirteen Indicted for Airdropping Multi-Hundred Kilogram Quantities of Cocaine in the Caribbean Sea and for Money Laundering Offenses", "Three Years On & Extradition Proceedings Still Unsettled", "New Company Incorporations Down But Premier Remains Optimistic", "British Virgin Islands - The World Factbook", "Government of the Virgin Islands- Our Economy", "Islands resent crackdown of the tax havens by G-20", "Leighton Holdings linked to 'corrupt' fees for Iraq pipeline contracts", "Firefighters' Retirement System v. Citco Group Limited", "List of Banks in British Virgin Islands", "Offshore secrets: British Virgin Islands, land of sand, sea and secrecy", "Jersey, Guernsey, IoM revel in Cameron's 'not tax havens' comments", "David Cameron: Crown dependency tax haven banner 'not fair, "Ukrainian president under fire over Panama Papers", "Foreign Account Tax Compliance Act (FATCA)", "Agreement Between the Government of the United States of America and the Government of the British Virgin Islands to Improve Tax Compliance and to Implement FATCA", "Overseas territories to fight public register demands", "Country Profiles – British Virgin Islands", "Private Air Charter throughout the entire Caribbean", "British Virgin Islands (British Overseas Territory) travel advice", "Virgin Islands 2010 Population and Housing Census Report", "Managing Highly-Skilled Labour Migration", "No lifeguards at Cane Garden Bay & Virgin Gorda beaches", "The Open Campus in British Virgin Islands - Open Campus", Music of the British Virgin Islands: Fungi, "Non-Self-Governing Territories listed by General Assembly in 2002", Government of the British Virgin Islands official website, Old Government House Museum, British Virgin Islands, The British Virgin Islands Ports Authority, National Parks Trust of the British Virgin Islands, British Virgin Islands Financial Services Commission, Wikimedia Atlas of British Virgin Islands, St Phillip's Church ("the African Church"), Caribbean Institute for Meteorology and Hydrology, Organisation of Eastern Caribbean States (OECS), Eastern Caribbean Central Securities Registry, Eastern Caribbean Civil Aviation Authority, Eastern Caribbean Telecommunications Authority, Pitcairn, Henderson, Ducie and Oeno Islands, Saint Helena, Ascension and Tristan da Cunha, South Georgia and the South Sandwich Islands, List of countries that have gained independence from the United Kingdom, Comparison of American and British English, List of countries by English-speaking population, List of countries where English is an official language, https://en.wikipedia.org/w/index.php?title=British_Virgin_Islands&oldid=1054803947, English-speaking countries and territories, Member states of the Organisation of Eastern Caribbean States, States and territories established in 1672, 1672 establishments in the British Empire, Pages containing links to subscription-only content, Short description is different from Wikidata, Articles containing explicitly cited English-language text, Articles with unsourced statements from July 2019, Articles with unsourced statements from December 2019, Articles with unsourced statements from March 2020, Pages using Sister project links with hidden wikidata, Pages using Sister project links with default search, Articles with MusicBrainz area identifiers, Creative Commons Attribution-ShareAlike License, 39.1% local born (though note that many locals go to St. Thomas or the United States for maternity services). These are the most popular form of off-shore companies in the world. No. There are also ferries that operate within the British Virgin Islands and to the neighbouring United States Virgin Islands. Almost any company or individual involved in international business can benefit from a BVI BC. Obviously, both the US Virgin Islands and the British Virgin Islands have beaches, but they may be two different experiences.The US Virgin Islands' beaches offer a more resort-like feel with restaurants and bars just feet away. As of May 15, 2021, the British Virgin Islands (BVI) have been open to tourists. [12], The British Virgin Islands comprise around 60 tropical Caribbean islands, ranging in size from the largest, Tortola, being 20 km (12 mi) long and 5 km (3 mi) wide, to tiny uninhabited islets, altogether about 150 square kilometres (58 square miles) in extent. The islands have a total population of about 22,000, of whom approximately 18,000 live on the largest island in the B.V.I., Tortola. [42], The official currency of the British Virgin Islands has been the United States dollar (US$) since 1959, the currency also used by the United States Virgin Islands. [3], Deemed by some to be a tax haven due to its opaque banking system,[43][44] the British Virgin Islands enjoys one of the more prosperous economies of the Caribbean region, with a per capita average income of around $42,300 (2010 est. Both claimed in 1908; territories formed in 1962 (British Antarctic Territory) and 1985 (South Georgia and the South Sandwich Islands). 7. [3], The most recent constitution was adopted in 2007 (the Virgin Islands Constitution Order, 2007)[30][31] and came into force when the Legislative Council was dissolved for the 2007 general election. Financial services account for over half of the income of the territory. Tory councillors said they have 'no concerns' over reports that MP Sir Geoffrey Cox was paid up to £900,000 to defend the British Virgin Islands in an inquiry (Nick Ansell/PA) Bere Ferrers ward councillor Peter Crozier said he has no doubt the party will win a forthcoming council by-election, despite the reports that Sir Geoffrey was paid . The British Virgin Islands are prepared for a busy cruise season as more cruise ships resume operations. 2d 14h. $3.45 shipping. Ending Oct 25 at 8:46PM PDT. The British Virgin Islands - Residency and Citizenship by Investment - Invest and Stay 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.Unlike some of its Caribbean neighbours, the British Virgin Islands do not offer a direct citizenship by investment programme. T-shirts, posters, stickers, home decor, and more, designed and sold by independent artists around the world. This is commonly believed to distinguish it from the neighbouring American territory which changed its name from the "Danish West Indies" to "Virgin Islands of the United States" in 1917. The fact that British Virgin Islands has good links to all other areas of the world both through transportation, shipping and air as well as financial services combined with a reputation for being a well-managed tax haven and recognition as one of the oldest and most well-known tax havens in the world means that it is especially suitable for those whom offer services and products in unstable or remote parts of the world and need a trusted base for their financial operation.

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