Avoid Excess Taxes By Banking Offshore In The British Virgin Islands.

The British Virgin Islands consist of 50 islands, out of which only 16 are occupied. These islands cover 54 sq. miles of land forming the Leeward Islands in the eastern Caribbean, 62 miles east of Puerto Rico. They adjoin the U.S. Virgin Islands. The Islands have over 24,000 inhabitants, with a GDP per capita of $ 38,500.

Being so close to the United States, this nation use the U.S. dollar as currency, and English as their official language. This makes banking and business that much easier for anyone planning on investing there.

A very attractive reason for investing here are the minimal trust maintenance fees and low corporate taxes. These and other factors combine into making it an extremely attractive place for investors interested in opening an offshore banking account. That could be the reason offshore investing provides over half of the governments revenues, and is one of the “mainstays” of the country’s economy.

A state-of-the-art telecommunications system provided by U.K. Cable and Wireless is one of the critical factor in the Virgin Islands’ success.

A modernized infrastructure made it possible for the Islands to restore electricity within 24 hours, after 3 hurricanes passed over them in 1996. This proved to potential investors, the Islands’ ability to recover quickly to natural disasters, with a minimal disruption of business.

Tourism combined with a very favorable business climate for offshore investors, supports most of the nation’s economy. Being a British Overseas Territory offers a stable political and business environment usually associated with the British flag.

The Islands are self-governing, and have a democratically elected Legislative and Executive Council. Democratic elections are held at least once every four years.

The Law is based on the British Legal System and English Common Law. The court system is made up of a Magistrates Court, a High Court and a Circuit Court of Appeal of the Eastern Caribbean Supreme Court, while a final appeal can be made to the Privy Council in England.

These islands, with their English speaking citizens and a pro-business government, have implemented laws that are user-friendly to investors, and have minimal regulations.

They have no taxes on estates, wealth or capital gains.

While there are a lot of options, when it comes to moving your money to an offshore bank account, the British Virgin Islands seem to offer everything a savvy investor should look for.