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The British Virgin Islands

The ISO code of The British Virgin Islands is VG according to ISO 3166 standard. The local name of the country is the same as in English. Road Town is the capital city of The British Virgin Islands. The official language of The British Virgin Islands is English. In the year 1967, The British Virgin Islands emerged as a sovereign political entity.

The British Virgin Islands is located in the UTC -04:00 time zone, which is also called Atlantic Standard Time or AST. The internet country code top-level domain (ccTLD) for The British Virgin Islands is .vg. The International dialing code for The British Virgin Islands is +1284. People in The British Virgin Islands drive on the left side of the road. Total land area of The British Virgin Islands is 153,00 km2. The British Virgin Islands is not a landlocked country.

The British Virgin Islands is located in the caribbean part of North America. The British Virgin Islands is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.

Currently The British Virgin Islands faces various issues including limited natural fresh water resources (except for a few seasonal streams and springs on Tortola, most of the islands' water supply comes from wells and rainwater catchments).

Doing business in The British Virgin Islands

We offer various corporate services in The British Virgin Islands jurisdiction. These services can serve both, people coming from The British Virgin Islands and foreigners. If you plan on doing business in The British Virgin Islands you might be interested in contacting us.

To find out about starting your business in The British Virgin Islands click on company formation in The British Virgin Islands.

To find out how to open a bank account in The British Virgin Islands and moreover what type of account Confidus Solutions suggests to create, please click on bank account in The British Virgin Islands.

Choose preferred service below or continue reading to find out more about The British Virgin Islands.

Company formation Bank account (Corporate) Available banks Bank account (Private)

Demographics of The British Virgin Islands

The total population of The British Virgin Islands is 28 054 people. In The British Virgin Islands, the population density is 196 people per square kilometer (510 per square mile). Because of this statistic, this country is considered to be crowded. The British Virgin Islands has 9144,00 million foreign immigrants. The median age is approximately 35.6 years. In The British Virgin Islands, 45 in every 100 people use internet.

The main religion of The British Virgin Islands is Christianity. The British Virgin Islands is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of The British Virgin Islands.

Culture of The British Virgin Islands

People in The British Virgin Islands speak English language. One of the most popular national dishes of The British Virgin Islands is fish and fungi. To read more click on culture of The British Virgin Islands.

Geography of The British Virgin Islands

The British Virgin Islands is considered a small nation because of its total area. Its total land area is 153,00 km2 (approx. 59 mi2). The British Virgin Islands is located in the caribbean part of North America. Its capital city is Road Town. Total length of land borders of The British Virgin Islands is 0,00 kilometers (~0.00 miles).

The highest point of The British Virgin Islands is Mount Sage with its official height being 521 m (1709 ft). The most notable natural resources found in The British Virgin Islands are pleasant climate, beaches foster tourism. To read more click on geography of The British Virgin Islands.

Economy of The British Virgin Islands

The currency of the country is British Virgin Islands dollar. The symbol used for this currency is $, 3% of population in the country are unemployed. The total number of unemployed people in The British Virgin Islands is 869. Each year, The British Virgin Islands exports around $0.03 billion and imports roughly $4.61 billion. The British Virgin Islands has a government debt of 16% of the country's Gross Domestic Product (GDP), as assessed in 2013. The British Virgin Islands is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are tourism, light industry, construction, rum, concrete block, offshore banking center.

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in The British Virgin Islands is $ 0,50 billion. Each year, consumers spend around $485,00 million. The ratio of consumer spending to GDP in The British Virgin Islands is 37%, and the ratio of consumer spending to the world consumer market is 0%. The corporate tax in The British Virgin Islands is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. To read more click on economy of The British Virgin Islands.

Infrastructure of The British Virgin Islands

There are 505,00 internet hosts in The British Virgin Islands. The British Virgin Islands has 4,00 airports nationwide. To read more click on infrastructure of The British Virgin Islands.

Politics of The British Virgin Islands

The British Virgin Islands is a parliamentary dependency under constitutional monarchy. The head of the government is Elizabeth II.

In The British Virgin Islands, the legislative power is vested in a house of assembly. To read more click on politics of The British Virgin Islands.

Environment of The British Virgin Islands

The British Virgin Islands emits 5.03 metric tons per capita of CO2. 40,00 km2 of The British Virgin Islands's territory is covered in forests, and forest land comprises 26% of all the land in the country. To read more click on environment of The British Virgin Islands.

Company formation in The British Virgin Islands

The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in The British Virgin Islands.

When establishing a company in The British Virgin Islands, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of The British Virgin Islands that will affect the establishment and growth of one's business. Contact us or click on company formation in The British Virgin Islands to read additional information when setting up a business.

Bank account opening in The British Virgin Islands

With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in The British Virgin Islands. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.

When considering opening a bank account in The British Virgin Islands, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in The British Virgin Islands or contact us.