Life Beyond London: The BVI
Size: 153 km²
Population: 30, 905
Tax: 8%
Key areas: Litigation, Corporate, Finance, Funds
Salaries: $125, 000 - $200, 000+
The British Virgin Islands are made up of 50 plus islands, only 16 of which are inhabited. Tortola and Virgin Gorda are the two principle islands with the majority living on Tortola. The BVI continues to be a very popular travel destination and this, in conjunction with its busy offshore financial and legal industry means that its economy is one of the most stable in the Caribbean.
The market in the BVI over recent years has flourished. Traditionally known as a corporate jurisdiction, the islands continue to attract associates across varying sectors, namely, finance, funds and disputes. Moreover, since the introduction of a dedicated Commercial Court in the jurisdiction, we has seen increased demand for talented litigators. Given that tax rates are at 8%, associates are rewarded well.
The main islands are in fact volcanic islands and so owning a car is almost essential when living on island to make the most of its landscape. Access to the BVI will mostly need to be via a connecting flight.
To practice on island you must have obtained a practising certificate from England, Wales, Scotland or Northern Ireland. The final wording on the Legal Professions Act, which legislates on requisite PQE levels has recently been reviewed and pending final wording which will alter the requirements for who can move to the islands. This means that, although likely to set at 3PQE, there has been a period of flexibility when admitting associates. Expats will also need to obtain a work permit.
Tortola boasts both tropical rainforrests and sandy beaches and there are certainly lots of outdoor pursuits on offer such as scuba diving, sailing and surfing. It also home to mega yachts and plush guest houses sat along rural hillsides and beaches. Across the water are some of the islands more bespoke and unique cultural villages which are never more than a stones throw away.
If a move to the BVI is something that you would like to discuss further please get in touch at chloelam-
moores@hydrogengroup.com or on 02070020143
