Private Client Guide - British Virgin Islands

This guide to BVI's private client sector includes commentary on tax, trusts, foundations and private wealth structures used within the jurisdiction, including charitable or philanthropic structures. It also looks at capital gains, withholding and wealth tax rules along with issues relating to real property, immigration, succession, making a will and estate planning considerations, legislative changes and disclosure obligations.

Which factors bring an individual within the scope of tax on income and capital gains?

There are currently no forms of income or capital gains tax in the British Virgin Islands (BVI). The concept of residence and domicile is not applicable, however an individual is taxable in the BVI if they are gainfully employed (§2) or transfer ownership of BVI property (§8).