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The BVI is a British overseas territory made up of more than 40 islands, located in the Caribbean to the east of Puerto Rico. It operates as a parliamentary democracy, with the premier acting as the head of the elected government alongside the governor, John Rankin, who is appointed by the UK government.
House tax is paid at the same rate for all persons, and is it assessed at 1.5% of the annual rental value of the house.
Retirement age. There is no legal retirement age, and employers can no longer force their employees to retire at a particular age. It's up to you when you decide to stop working.
Qualifying Conditions. Old-age pension: Age 65 with at least 500 weeks of contributions. Employment may continue. The old-age pension is payable abroad.
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.
US Virgin Islands taxes are low Property: Property taxes are imposed at 1.25% of the property's assessed value. The assessed value of the property is generally 60% property's fair market value.
Old-age pension: Age 65 with at least 500 weeks of contributions. Employment may continue. The old-age pension is payable abroad. Old-age grant: Age 65 with at least 50 weeks but less than 500 weeks of contributions.
Dominica has no property taxes and is a major contender in the second citizenship world, offering one of the most cost-effective citizenship by investment programs. This Caribbean island nation is known as the nature island and is English-speaking, having obtained independence from the United Kingdom in 1978.
It enables a settlor to transfer shares in a BVI registered company to a BVI licensed trustee (which for these purposes would include a BVI private trust company) of a trust established in accordance with the formalities prescribed by the VISTA Law.
The US Virgin Islands currently imposes a real property tax at 1.25% of the property´s assessed value. The propertyA´s assessed value is 60% of its actual value or fair market value. Thus, the effective tax rate is 0.0075% of the propertyA´s fair market value.