British Virgin Islands
The BVI has no income tax, capital gains or capital transfer tax, no inheritance tax, no corporation tax and no sales tax or VAT. IBCs are permitted.
Short term property rentals (those for less than six months) are liable to a hotel accommodation tax of 7% of the gross rental income. There is also an annual property tax of up to 1½%. Non-residents need a Non-Belonger Land Holding License to be able to buy property in the BVI. This costs US$800. Stamp duty of 4% to 12% is also payable by the purchaser of any property.
The BVI has tax treaties with the UK, Japan and Switzerland, and has signed tax information exchange agreements with a number of countries, including the UK, France and the USA.
