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Key Facts about the British Virgin Islands (BVI)

British Virgin Islands (BVI)The British Virgin Islands (BVI), is a British overseas territory located in the Caribbean to the east of Puerto Rico.

Tax rates in the British Virgin Islands (BVI)

  • Corporate tax: 0%. Companies are exempt from tax in the BVI on all sources of income, including capital gains, dividends, royalties & interest.
  • VAT/GST: 0%. There is no VAT/GST in the British Virgin Islands.
  • Personal income tax: 0%. There is a payroll & social security tax in the British Virgin Islands.

Population & Gross Domestic Product (GDP)

  • Population:  27,800 in May 2012 (27,000 in 2005)
  • GDP: US$853.4 millions in 2011 & US$43,373 per capita (2010)
  • BVI Currency: US Dollar ($)

Major industries in the BVI

  • Financial services constiture more than 70% of the GDP, mainly through the  registration of offshore companies domiciled in the British Virgin Islands (BVI)

For more details: British Virgin Islands (BVI) Taxation Law

To register a company in the British Virgin Islands (BVI) please visit www.Weisz-Offshore.com

Short URL: http://www.worldtaxnews.net/?p=756

Posted by on May 14 2012. Filed under Key Facts. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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