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Working in USVI versus BVI??

(@SiennaG)
Posts: 4
New Member
Topic starter
 

Any thoughts on working and living in Tortola versus the USVI?
I have an offer with a BVI company right now, but cannot seem to find anything of substance on the owner or the business (tourism), other then it's up and running. I am considering the move down there, and have lived on remote tropical islands before. Just wondering what other folks have done or thought about the place. Thanks!!

 
Posted : December 26, 2008 10:46 am
Trade
(@Trade)
Posts: 3904
Famed Member
 

It's not easy to work legally for US or even British citizens to work in the BVI. Maybe the owner who offered the job has some pull.

 
Posted : December 26, 2008 11:44 am
Marty on STT
(@Marty_on_STT)
Posts: 1779
Noble Member
 

Yeah, as I know it, you have to be a 'belonger', or be sponsored by your employer, but I don't know much about that...ask your employer and see what they have to say..

 
Posted : December 26, 2008 2:37 pm
dntw8up
(@dntw8up)
Posts: 1866
Noble Member
 

Also, if you're a U.S. citizen you should know that there is no tax reciprocity agreement between the U.S. and the BVI. This means you will pay BVI taxes on your income as well as U.S. taxes on your income and you can not deduct the BVI taxes you pay from your U.S. taxes.

 
Posted : December 26, 2008 4:16 pm
(@SiennaG)
Posts: 4
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Topic starter
 

I did not know that about the taxes, thanks!

 
Posted : December 26, 2008 6:11 pm
(@SiennaG)
Posts: 4
New Member
Topic starter
 

He said he'd take care of work visa, but i am hoping/looking for something long term. Another person told me I have pay both US and Brit taxes, any knowledge about that?

 
Posted : December 26, 2008 6:35 pm
(@Sabrina)
Posts: 228
Estimable Member
 

I don't understand the part about taxes. I thought one of the benefits of working overseas is that you don't have to pay tax back home. My ex-husband, a US citizen, was working in the islands and didn't have to pay taxes in the US. There was a limit to the amount that he was allowed to be paid by the Foundation (I think it was $70,000 US in 1990), but I think that was on their end, not his. Also I worked in two British islands, although not the BVI's, and neither of them had income tax.

 
Posted : December 26, 2008 7:32 pm
(@SiennaG)
Posts: 4
New Member
Topic starter
 

I know, that was news to me,I lived overseas for quite some time and never paid. We had to FILE, but not pay. I will be checking on that now because it makes a big difference if it's true....

 
Posted : December 26, 2008 10:38 pm
(@Lizard)
Posts: 1842
Noble Member
 

With a work visa in the BVI your first $10,000. 00 dollars is tax exempt, after that you pay 8% of your income to the BVI for income tax. Plus you pay your USA Federal Income Tax and Social Security. There is no Tax Treaty with the BVI and the USA, which means you might have to pay tax USA on Gross Income earned in the BVI including the $10,000.00 Dollar Tax exemption.

 
Posted : December 26, 2008 11:01 pm
(@rokipatel)
Posts: 238
Estimable Member
 

I don't know what is the big deal about the BVI living and working there is pretty boring is not the same as visiting i live here in STT and about every other weekend i jump to San Juan for a better night life. Living in the USVI and being a US citizen pretty much gives you all the rights and in regards to taxes you just filed then here in the USVI and is pretty much the same as any other state. I have a friend that try to open a business in Tortola and unless is not a bank, Financial services or insurance is pretty hard or almost impossible if you are a not belonger so imagine working there. The BVI are more remote than STT and the USVI that makes it more attractable to some people but your every day life like getting your groceries availability of products and service are even harder than STT Imagine that here in this forum we complain about services and good not being as good as stateside in the BVI is even worst. My suggestion is that you take a good look of what you are doing.

 
Posted : December 27, 2008 12:06 am
vicaptain
(@vicaptain)
Posts: 44
Eminent Member
 

"The BVI are more remote than STT and the USVI that makes it more attractable to some people..." I don't think you realize how true that statement is. A large portion of the people moved down here did so because island living is harder, not in spite. Grocery stores having gaping holes in their wares, power being an on-and-off commodity, to some of us these things remind us of how unimportant many things in life are.

That being said, being an American working in the BVIs is flatout tough, but more due to legal reasons than social. If I was able to provision a yacht multiple times over, I'm sure you can provision your pantry.

 
Posted : December 27, 2008 9:49 am
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