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Home > Jurisdictions > Offshore Jurisdictions > British Virgin Islands

  • Full Name:  British Virgin Islands
  • Geographical Area: Some 36 sizable islands (16 inhabited and 20 are uninhabited), (but about 100 in all),  in the Caribbean Sea northeast of Puerto Rico and west of the Leeward Islands, the British Virgin Islands are economically interdependent with the U.S. Virgin Islands to the south. The principal islands are Tortola, Virgin Gorda, Anegada, and Jost Van Dyke - 59 sq mi (153 sq km)
  • Terrain and Climate:  coral islands relatively flat; volcanic islands steep, hilly, subtropical; humid; temperatures moderated by trade winds
  • Population: 24,041 (July 2008 est.)
  • Ethnicity:  black 83.4%, white 7%, mixed 5.4%, Indian 3.4%, other 0.8% (1991 census)
  • Capital: Road Town (on Tortola):
  • Government:  Overseas territory of UK, unicameral House of Assembly (13 elected seats and 1 non-voting ex officio member in the attorney general; members are elected by direct popular vote, 1 member from each of nine electoral districts, 4 at-large members; members serve four-year terms)
  • Major Languages: English
  • Major Religion:  Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 15%), Roman Catholic 10%, other 2%, none 2% (1991)
  • Life Expectancy: 76.7 Years
  • Monetary Unit: US Dollar
  • Exchange Controls and Taxation: 
  • Stamp Tax:  There is a Stamp Tax and there are particular taxes that should be investigated before conducting business in BVI.
  • Main Exports: $25.3 million (2002): rum, fresh fish, fruits, animals; gravel, sand
  • Compulsory Education:  Until the age of 14
  • GDP: per capita $38,500 (2004)
  • Annual Growth Rate: 2%
  • Major Industry:  tourism, light industry, construction, rum, concrete block, offshore financial center
  • Communication:  Broad-spectrum evaluation: worldwide telephone service
  • Internet: .vg
  • International dialing code:  1 + 284
  • Known as “tax-haven” for qualified individuals
  • Number of Banks:  13 known International Banks
  • Head of State:  chief of state: Queen Elizabeth II (since 6 February 1952); represented by Governor David Pearey (since 18 April 2006)
    head of government: Premier Ralph T. O’Neal (since 23 August 2007)
    cabinet: Executive Council appointed by the governor from members of the House of Assembly
  • Radio:  AM 1, FM 4,
  • Television:  1 (plus one cable company) (1997)
  • Time Zone: The British Virgin Islands Standard Time is GMT (UTC) – 4, has daylight savings time
  • Airport:  2

 

British Virgin Islands

  • Full Name:  British Virgin Islands
  • Geographical Area: Some 36 sizable islands (16 inhabited and 20 are uninhabited), (but about 100 in all),  in the Caribbean Sea northeast of Puerto Rico and west of the Leeward Islands, the British Virgin Islands are economically interdependent with the U.S. Virgin Islands to the south. The principal islands are Tortola, Virgin Gorda, Anegada, and Jost Van Dyke - 59 sq mi (153 sq km)
  • Terrain and Climate:  coral islands relatively flat; volcanic islands steep, hilly, subtropical; humid; temperatures moderated by trade winds
  • Population: 24,041 (July 2008 est.)
  • Ethnicity:  black 83.4%, white 7%, mixed 5.4%, Indian 3.4%, other 0.8% (1991 census)
  • Capital: Road Town (on Tortola):
  • Government:  Overseas territory of UK, unicameral House of Assembly (13 elected seats and 1 non-voting ex officio member in the attorney general; members are elected by direct popular vote, 1 member from each of nine electoral districts, 4 at-large members; members serve four-year terms)
  • Major Languages: English
  • Major Religion:  Protestant 86% (Methodist 33%, Anglican 17%, Church of God 9%, Seventh-Day Adventist 6%, Baptist 4%, Jehovah's Witnesses 2%, other 15%), Roman Catholic 10%, other 2%, none 2% (1991)
  • Life Expectancy: 76.7 Years
  • Monetary Unit: US Dollar
  • Exchange Controls and Taxation: 
  • Stamp Tax:  There is a Stamp Tax and there are particular taxes that should be investigated before conducting business in BVI.
  • Main Exports: $25.3 million (2002): rum, fresh fish, fruits, animals; gravel, sand
  • Compulsory Education:  Until the age of 14
  • GDP: per capita $38,500 (2004)
  • Annual Growth Rate: 2%
  • Major Industry:  tourism, light industry, construction, rum, concrete block, offshore financial center
  • Communication:  Broad-spectrum evaluation: worldwide telephone service
  • Internet: .vg
  • International dialing code:  1 + 284
  • Known as “tax-haven” for qualified individuals
  • Number of Banks:  13 known International Banks
  • Head of State:  chief of state: Queen Elizabeth II (since 6 February 1952); represented by Governor David Pearey (since 18 April 2006)
    head of government: Premier Ralph T. O’Neal (since 23 August 2007)
    cabinet: Executive Council appointed by the governor from members of the House of Assembly
  • Radio:  AM 1, FM 4,
  • Television:  1 (plus one cable company) (1997)
  • Time Zone: The British Virgin Islands Standard Time is GMT (UTC) – 4, has daylight savings time
  • Airport:  2

 

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