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British Virgin Islands
Physical Facts |
|
| Population: | 24,041 (July 2008 est.) |
| Location: | Caribbean, between the Caribbean Sea and the North Atlantic Ocean, east of Puerto Rico and the U.S. Virgin Islands. |
| Area: | 153 sq km |
| Climate: | Sub-tropical, average temperature of 28 C (83 F) |
| Transport | Air, Road, Sea |
| International Direct Dialling prefix: | +1 284 |
| Internet Country Code | .vg |
| Time difference on GMT: | - 4 |
Administrative Facts: |
|
| Status: | Overseas territory of the United Kingdom (Self governing internally). Member of the Commonwealth |
| Government: | The Governor represents the Queen and heads an Executive Council. There is a 13-member elected Legislative Council elected every 4 years. |
| Legal System: | Based on the British legal system and English Common law. The court system is made up of a Magistrates Court, a High Court and a Circuit Court of Appeal of the Eastern Caribbean Supreme Court with final appeal to the Privy Council in England |
| International Court Jurisdiction: | |
| Language: | English |
| Education system: | Compulsory and free until age 16. Modelled on the English education system. One tertiary college. No university provision locally. Nearest is the US BVI |
| UK Embassy: | (None) Government Office: The Government of the British Virgin Islands, 15 Upper Grosvenor Street, London, W1K 7PJ Tel No: 020 7355 9570 |
| Residency/Working Requirements: | In order to work in the British Virgin Islands a work permit must be obtained. Work permits are only issued when there is no suitable local applicant for the job. |
Fiscal Facts |
|
| Legal tender & currency: | US$ |
| VAT: | |
| Sales Tax: | None |
| Import duty: | All goods subject to tax depending on nature of import. (import duties are quite high as they are a main source of revenue) |
| Export duty: | International |
| Banking: | |
| Annual Government Revenue: | $204.7 million |
| Annual Government Expenditure: | $180.4 million (2004) |
| GDP: | |
| Minimum wage: | US$ 4 per hour |
| Financial Services Regulation: | British Virgin Islands Financial Services commission |
| Financial Services Regulation Contact Details: | British Virgin Islands Financial Services Commission Tel (1 284) 494 1324 / 4190 Fax (1 284) 494 9399 |
Tax Facts |
|
| General: | |
| Corporate Tax: | 0% |
| Individual – resident: | 0% |
| Individual – non-resident: | 0% |
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