living in usvi and ...
 
Notifications
Clear all

living in usvi and working in bvi  

 

jonandpaige
(@jonandpaige)
Active Member
Joined: 7 years ago
Posts: 6
May 3, 2014 12:03 am  

Does anyone live in usvi and work in bvi? My boss and I are starting a company on the British islands, but I don't want my family to live as expats. Any local knowledge of the income tax situation for this particular set up? What should I know about working in bvi and living in the usvi? Thank you!


Quote
OldTart
(@the-oldtart)
Expert
Joined: 9 years ago
Posts: 6523
May 3, 2014 1:28 am  

Briefly, totally impractical and impossible!


ReplyQuote
Exit Zero
(@exit-zero)
Trusted Member Registered
Joined: 13 years ago
Posts: 2400
May 3, 2014 1:48 am  

As long as you have a work permit in the BVI coming and going a few times a week to visit your USVI family is an option - maintaining an apt. in the BVI and a home in STT or STJ and the ferry costs will get expensive and likely you will have high tuition costs if the children are school age so it will have to be an extra good paying job you are creating.
Living in the BVI really isn't such a different stretch and it could be a wonderful time for the family. There is a sizable non BVI belonger community.

http://bvinewbie.com/ If you have not come across this site I highly recommend reading the whole thing asap.


ReplyQuote
Linda J
(@Linda_J)
Expert
Joined: 16 years ago
Posts: 3919
May 3, 2014 1:52 am  

What would be the daily commute time, including customs?


ReplyQuote
Exit Zero
(@exit-zero)
Trusted Member Registered
Joined: 13 years ago
Posts: 2400
May 3, 2014 2:00 am  

Commuting daily would be a giant PITA -- coming back to visit the family on weekends or an occasional overnight is doable -- the ferry ride and C&I will easily be over an hour each way - so 2-3 hours a day if you tried to do it daily.


ReplyQuote
jonandpaige
(@jonandpaige)
Active Member
Joined: 7 years ago
Posts: 6
May 3, 2014 2:09 am  

The commuting costs is one of the biggies for me. I was hoping to find a place on STJ and use my own boat for the commute. It does seem like an up hill climb trying to work out the logisitics. Any knowledge of private schools in BVI?


ReplyQuote
Exit Zero
(@exit-zero)
Trusted Member Registered
Joined: 13 years ago
Posts: 2400
May 3, 2014 2:27 am  

Finding a place to keep your boat in STJ will be an interesting search as well as a dinghy to come and go to it - it is not like there are marinas and dockage available. You will also have to clear into the BVI at C&I each day and back into the USVI each day - look into a Local Boaters Option and Passport Card to make the USVI side easier. If you have any passengers aboard things increase exponentially.

Running your own vessel will closely approach the ferry cost in maintenance C&I fees, fuel, daily dockage in the BVI and it is often a wet rough ride even in a good 35' ocean deep V hull - you will have to stop in West End or Roadtown and likely start from the South side of STJ somewhere.

http://bvinewbie.com/education-schools/

Did you get a chance to read any of this site?? This is the education section.


ReplyQuote
speee1dy
(@speee1dy)
Expert
Joined: 12 years ago
Posts: 8792
May 3, 2014 1:24 pm  

why are you trying to open a business in the bvi's? and not in the usvi? just curious


ReplyQuote
rotorhead
(@rotorhead)
Trusted Member
Joined: 15 years ago
Posts: 2472
May 4, 2014 8:15 pm  

A light aircraft would be able to make the trip to Beef Island in 15 minutes from STT or 30 minutes from STX. The only time that I have had customs delays is if I was unlucky enough to land just behind a large commercial airplane and have to wait for them to clear.


ReplyQuote
rotorhead
(@rotorhead)
Trusted Member
Joined: 15 years ago
Posts: 2472
May 4, 2014 8:23 pm  

why are you trying to open a business in the bvi's? and not in the usvi? just curious

The large number of regulations in the US territory can stifle business. It is often easier to get things done in the BVI.


ReplyQuote
Alana33
(@Alana33)
Expert
Joined: 9 years ago
Posts: 12291
May 4, 2014 8:23 pm  

Unless you have time to kill (getting back and forth in all kinds of weather and clearing your boat in and out and back in daily), and lots of $$$$$$$, this is not a good idea. BVI has some good schools and lots of ex-pats from all over that do business there so living there if your business is located in the BVI would make much more sense, be cost and time effective. You still have to abide rules there and I believe if a US citizen you must leave the BVI for 24 hrs. (?) min. every 3 months and then clear back in to BVI to be in accordance.


ReplyQuote
speee1dy
(@speee1dy)
Expert
Joined: 12 years ago
Posts: 8792
May 4, 2014 11:43 pm  

thanks rotor


ReplyQuote
jonandpaige
(@jonandpaige)
Active Member
Joined: 7 years ago
Posts: 6
May 5, 2014 12:52 am  

I have started going through it a Coue of days ago.


ReplyQuote
jonandpaige
(@jonandpaige)
Active Member
Joined: 7 years ago
Posts: 6
May 5, 2014 12:53 am  

Opening in BVI due to more easily accessible islands to travel to.


ReplyQuote
jonandpaige
(@jonandpaige)
Active Member
Joined: 7 years ago
Posts: 6
May 5, 2014 12:55 am  

Finding a local light aircraft is one option I was wondering about. Any idea of costs?


ReplyQuote
OldTart
(@the-oldtart)
Expert
Joined: 9 years ago
Posts: 6523
May 5, 2014 2:13 am  

Opening in BVI due to more easily accessible islands to travel to.

Have you actually been to this area at all?


ReplyQuote
jonandpaige
(@jonandpaige)
Active Member
Joined: 7 years ago
Posts: 6
May 5, 2014 2:28 am  

Yes I have.


ReplyQuote
Exit Zero
(@exit-zero)
Trusted Member Registered
Joined: 13 years ago
Posts: 2400
May 5, 2014 6:14 am  

The commuting costs is one of the biggies for me.

I would think air commuting would be even more costly than a daily ferry ride - no airport on STJ and I would also think it would be tough to find a helicopter pad legally. STT has a good sized airport - C&I requirements still apply but probably less traffic at Beef Is.and STT.

All the islands that are easily accessible from the BVI are pretty much just as easy to access from STT or STJ.

The main reason to locate in the BVI is usually tax related.
The Anegada Passage is the major impediment to getting down island on a vessel -private aircraft would be just as easy from STT and commercial air connections much easier from STT.


ReplyQuote