Virgin Islands (British)
The ISO code of Virgin Islands (British) is VG according to the ISO 3166 standard. The local name of the country is the same as its English name. Virgin Islands (British) capital city is Road Town. People in Virgin Islands (British) speak the English language. In the year 1967, Virgin Islands (British) emerged as a sovereign political entity.
Virgin Islands (British) 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 Virgin Islands (British) is .vg. The International dialing code for Virgin Islands (British) is 1284. People in Virgin Islands (British) drive on the left side of the road. Total land area of Virgin Islands (British) is 151 km² (approx. 58 mi²). Virgin Islands (British) is not a landlocked country. It means that is is bordered by at least one major body of water.
Virgin Islands (British) is located in North America. Virgin Islands (British) 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 Virgin Islands (British) 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 Virgin Islands (British)
We offer various corporate services in Virgin Islands (British) jurisdiction. These services can serve both, people coming from Virgin Islands (British) and foreigners. If you plan on doing business in Virgin Islands (British) you might be interested in contacting us.
To find out about starting your business in Virgin Islands (British) click on company formation in Virgin Islands (British).
To find out how to open a bank account in Virgin Islands (British) and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Virgin Islands (British).
Choose preferred service below or continue reading to find out more about Virgin Islands (British).
Demographics of Virgin Islands (British)
The total population of Virgin Islands (British) is 31,719 people. In Virgin Islands (British), the population density is 196 people per square kilometer (510 per square mile). Because of this statistic, this country is considered to be densely populated. Virgin Islands (British) has approximately 17308 foreign immigrants. The median age is approximately 35.6 years. In Virgin Islands (British), 45 in every 100 people use internet.
The majority religion of Virgin Islands (British) is Christianity, Virgin Islands (British) 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 Virgin Islands (British).
Culture of Virgin Islands (British)
People in Virgin Islands (British) speak the English language. One of the most popular national dishes of Virgin Islands (British) is fish and fungi. To read more click on culture of Virgin Islands (British).
Geography of Virgin Islands (British)
Virgin Islands (British) is considered to be a large nation because of its total area. Its total land area is 151 km² (approx. 58 mi²). Virgin Islands (British) is located in North America. Its capital city is Road Town. Virgin Islands (British) has no land borders.
The highest point of Virgin Islands (British) is Mount Sage, with its official height being 521 m (1,709 ft). Including land mass and EEZ, the total area of Virgin Islands (British) is approximately 151 km² (~58 mi²). The most notable natural resources found in Virgin Islands (British) are pleasant climate, beaches foster tourism.To read more click on geography of Virgin Islands (British).
Economy of Virgin Islands (British)
The currency of the country is British Virgin Islands dollar. The symbol used for this currency is $, and it is abbreviated as USD. 2.9% of population in the country are unemployed. The total number of unemployed people in Virgin Islands (British) is 920. Each year, Virgin Islands (British) exports around $0.03 billion and imports roughly $4.61 billion. The Gini Index of the country is 23. Virgin Islands (British) has a government debt of 16.2% of the country's Gross Domestic Product (GDP), as assessed in 2013. Virgin Islands (British) 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 Virgin Islands (British) is $1 billion. Each year, consumers spend around $485 million. The ratio of consumer spending to GDP in Virgin Islands (British) is 53%, and the ratio of consumer spending to the world consumer market is 0.0014. The corporate tax in Virgin Islands (British) is set at 0%. Personal income tax ranges from 0% to 0%, depending on your specific situation and income level. VAT in Virgin Islands (British) is 0%. To read more click on economy of Virgin Islands (British).
Infrastructure of Virgin Islands (British)
There are 505 internet hosts in Virgin Islands (British). Virgin Islands (British) has 4 airports nationwide.
The number of road motor vehicles per 1000 inhabitants in Virgin Islands (British) is 54. To read more click on infrastructure of Virgin Islands (British).
Politics of Virgin Islands (British)
Virgin Islands (British), is a parliamentary dependency under constitutional monarchy. The head of the government is Elizabeth II.
In Virgin Islands (British), the legislative power is vested in a House of Assembly. To read more click on politics of Virgin Islands (British).
Environment of Virgin Islands (British)
Virgin Islands (British) emits 5.03 metric tons per capita of CO2. The number of road motor vehicles per 1000 inhabitants in Virgin Islands (British) is 54. To read more click on environment of Virgin Islands (British).
Company formation in Virgin Islands (British)
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 Virgin Islands (British).
When establishing a company in Virgin Islands (British), 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 Virgin Islands (British) that will affect the establishment and growth of one's business. Contact us or click on company formation in Virgin Islands (British) to read additional information when setting up a business.
Bank account opening in Virgin Islands (British)
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Virgin Islands (British). 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 Virgin Islands (British), 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 Virgin Islands (British) or contact us.