Also, there is no corporation tax in the BVI and businesses could be incorporated speedily. Ditto most other U.S.-based online retailers. Living In The British Virgin Islands (Pros & Cons), Pros & Cons of Living In The US Virgin Islands, Living In Dominica (Pros & Cons Fully Explained). As an individual living in the British Virgin Islands, you pay no income or capital gains taxes. Does St. Thomas offer a Tax-free shopping experience? Not only will you not get everything from one market, sometimes you may get nothing at all. This beach is perfect for beginners and individuals new to snorkeling. There is no instant gratification of Amazon Prime here, says Meyers. This is a unique national park on the southwest coast of the island. Many products featured on this site were editorially chosen. by answering questions about the challenges and adventures of living in Brit. This will allow you to see first-hand the neighborhood you'll be living in. Residents of the British Virgin Islands pay no tax on income, capital gains or inheritance, though stamp duty on property purchases by foreigners is 12 per cent. Search for the British Virgin Islands flights on KAYAK now to find the best deal. The Police on the island can be contacted at 999 or 911 in case of emergencies. #1. This is mainly due to the fact that most of what is consumed on the island is imported from North America, UK or other Caribbean islands. Most islands are accessible by ferry from the main island Tortola. Its also a beautiful dive location by the way. This includes access to health care and education for persons living on the island. He is also one of the Founders of Digital Nomad Exchange. Then never again. Living on "island time" 5. To speak to one of our agents contact us today. Victims were threatened at gunpoint and valuables such as cash, cellphones and vehicles were demanded. I already mentioned the Painkiller: a mouth-watering mix of dark rum, cream of coconut, pineapple, and orange juice topped off with grated nutmeg. When you are a resident of the Virgin Islands, then you are under the status of a U.S. protected territory - unless you are moving to the British or Spanish Virgin Islands, that is. On the largest island which is St Croix, Hams Buff Lighthouse is a fantastic spot for incredible views. Cook Islands cost of living, internet speed, weather and other metrics as a place to work remotely for digital nomads. The Millennium monument was erected in the year 2000 as this is the first place that the American soil experiences the sunrise. I worked as a real estate agent so I should know. High Quality of Life. The department also provides resources and support for students and families, including after-school programs, tutoring, and other services. It takes about 1.5 to 2 hours to complete the trail. Although there are popular brands such as Kmart, Walgreens and Home Depot in the US Virgin Islands, the range of products available is limited. As part of the Caribbean, the BVI are susceptible to natural disasters such as hurricanes. Expect to pay international rates from courier service providers such as DHL and FedEx. Virgin Isl.. Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. For more information visit Virgin Islands Geography. Plus, what each state is known for. The BVI ticks most of the boxes. and are part of the United States of America.. Ease of travel 6. How are healthcare services the British Virgin Islands? Then you can enjoy the snorkeling, sailing, and diving that is part of life here. When it comes to price, NordVPN is considerably cheaper than ExpressVPN, at $59.88 (49.84) per year compared to $80.04 (66.92) per year. With digital services, 24x7 customer support in different languages, and award-winning service, Now Health International will look after you no matter where you choose to go. Excellent Caribbean community spirit exists on the Virgin Islands. said one member in Brit. Virgin Isl.. The pros and cons of living in the Virgin Islands are vital to consider if this is where you want to call home one day. Summary of cost of living in British Virgin Islands. The BVI is called Natures Little Secrets. The bars and the cocktails of the BVI are know all around the world. The insurance that travels with you. An SUV may be suitable if you are living in certain areas of the islands due to the road network. For those committing to the long haul, its simply a necessary step. Driving a jeep on the USVI with a picnic to a different beach each day is going to far more relaxing than being home with 3 children! On the other hand, living in US Virgin Islands has its cons such as the threat of natural disasters, poor infrastructure and a slower pace of life. An expat answers questions about day-to-day island living in the BVI. Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Safety 2. According to the BVI Tourism Authority, international flights must connect to other Caribbean islands such as Puerto Rico, St Thomas, Antigua or St Maarten. Estimated GDP was $51,273 (2007 estimate). High 57F. This depends on your country of origin. National health care exists in the British Virgin Islands, covering residents every ailment, from colds to cancer. Get a Quote from Now Health International. If you want to swim with turtles, then Maho Bay Beach is the perfect spot in St Croix. There are four major islands in the U.S. Virgin Islands; St. Thomas, St. Croix, St. John and Water Island. The British Virgin Islands (BVI) are a group of 60 islands located East of Puerto Rico. Make a short visit beforehand. There is an excellent ferry service between the islands and also to the British Virgin Islands. said a person living in Brit. Both VPNs are . The Virgin Islands is a Caribbean paradise, and whether or not you decide to move there depends on a multitude of factors. Another less obvious, in-demand occupation is a lawyer: these islands are also home to a bustling financial market. Luckily, still few people know about it. And remember, if you are visiting the beaches on the island, only mineral sun screen is allowed. Anegada has some spectacular beaches, it is about an hour and 30 minutes away from Road Town. The Virgin Islands is a Caribbean paradise, and whether or not you decide to move there depends on a multitude of factors. "Expats in the British Virgin Islands may find it challenging to adjust to the slower pace of life, as the local culture is more relaxed and laid-back than many other places. Pretty amazing right? + PRO: Relaxed island living. Read more and see the photo gallery here. I am very familiar with most of what you have written as my daughter and her family live in Cane Garden Bay and has done for years now. Both Guernsey and Jersey are small islands, so a beach is never far away. Many of the pros to island living can at times be the very cons (spoiler alert: the pros are pretty awesome! The islands are also known for their low crime rate and friendly locals. Nevertheless, USPS treats the island is as US territory. According to U.S. federal government figures, bankruptcies continue to fall, from 1.6 million bankruptcies in 2010 to about 414,000 . On the other hand, access from Puerto Rico is only via regional airlines such as Cape Air. In the shady areas (they have hills, mountains and some valleys) they have a cooler and damper almost rainforest-like microclimate with orchids, bananas and other lush tropical plants. The pros of living in British Virgin Islands are its low crime rate, the ease of island hopping, stable currency, and awesome beaches. For starters, every dog and cat must be microchipped. The Caribbean climate allows year-round sea swimming, and the territorys 60 islands collectively offer every watersport going. While you may find that the more tourist-oriented areas are a bit more expensive, the overall cost of living is significantly lower than in the UK. Not everyone can afford health care on the U.S. Virgin Islands. The islands are also known for their low crime rate and friendly locals. Our content provides helpful and meaningful tips to individuals who want to relocate or travel to the region. Your feet in the sand every day while living the good life without a worry in the world. The BVI makes it very tricky to hire an outsider they want employers to hire locals first but of course, for certain jobs, everyone hires expats, says Meyers. I am sure there are many ,many who would love to live there but its far too expensive for them. The population of the British Virgin Islands is approximately 30,000 people, and the largest cities are Road Town, Tortola, and Virgin Gorda. I already mentioned the Painkiller: a mouth-watering mix of dark rum, cream of coconut, pineapple, and orange juice topped off with grated nutmeg. Buck Island is a small uninhabited island which you can access via a boat or kayak. Knight Frank is marketing a seven-bedroom estate on Tortola with sea views for $5.5m. Jost Van Dyke (permanent population 300) is known as the territorys party island. Around The Caribbean is a resource for persons who want to learn more about the Caribbean islands. Chairman of the Progressive Virgin Islands Movement (PVIM), Ronnie Skelton, signalled that he remains uncertain about the prospect of same-sex marriage and whether it can possibly become legal in the BVI. Save my name, email, and website in this browser for the next time I comment. In terms of snorkeling, Coki beach is one of the best options in St Thomas. The sailing community of the British Virgin Islands holds big appeal for U.S. citizens hoping to expatriate but thats not all these Caribbean islands offer. Nevertheless, according to, Nevertheless, individuals on the island can shop online and use a service such as. Tortola attracts surfers from around the world. If you require specialized care, overseas experts will be required. There are times when the delivery boat is held up in Miami, and we have an empty grocery store for days, says Meyers. What should I pack when moving to the British Virgin Islands? If you need a ride on the island, someone will offer to transport you to your location. Pros Cons in British Virgin Islands Latin America Photo Larisa Birta via Unsplash Pros Cons Continents Latin America Countries British Virgin Islands Filters British Virgin Islands Clear 1 results Global travel medical insurance for $1.34/day! Additionally, the local cuisine is a highlight, with its mix of Caribbean and British influences. Picture perfect beaches. Or, as I mentioned, find a boat with a group and set sail yourself. That's just the way it is and we happily accept this part of life. Leave me any questions if youlike and I will try to answer them the best I can from the first-hand experience. So its definitely not for everybody. Let's continue. I loved being out on the water. Copyright 1997-2023 Burlingame Interactive, Inc. (adsbygoogle = window.adsbygoogle || []).push({}); Now Health International's insurance plans. One-time-payment: $29.98 $14.99 2023 NEW YEAR 0% off. The territory is nominally home to more than 400,000 companies, collectively worth $1.5tn. Additionally, the limited job opportunities and the lack of a vibrant nightlife may be a downside for some," The British Virgin Islands experienced severe devastating impacts of hurricanes Irma and Maria in 2017. If it wasnt for my bad health at the time. At times individuals may overstep which is a challenge that you will not face in a large country. A ferry can take expats to the seaside city of St Malo, France in less than 90 minutes, and to the UK in about three hours. The Baths, a popular attraction for both tourists and locals. The area has a tropical climate, with warm temperatures year-round and low levels of humidity. Seaborne Airlines also offers sea plane service between the islands. Pro: It's A More Intimate Experience. Hardip loves researching nearby things and writing about PROs and CONs. I can from the first-hand experience overseas experts will be required email, website... 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