British Virgin Islands
On this page you will find beneficial information regarding foreign direct investment in / trading with British Virgin Islands. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Parliamentary Representative Democratic Dependency
Population: 31,305 (2022)
GDP: 53,115 USD (2021)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 0%
Major Exports: Recreational Boats ($116M), Refined Petroleum ($22.1M), Asphalt Mixtures ($12.2M), Diamonds ($11.2M), and Passenger and Cargo Ships ($4.75M), exporting mostly to Malta ($85.8M), Brazil ($23M), Switzerland ($19.1M), France ($16.9M), and Egypt ($12.2M).
Major Imports: Recreational Boats ($239M), Refined Petroleum ($151M), Diamonds ($97.6M), Passenger and Cargo Ships ($94.1M), and Planes, Helicopters, and/or Spacecraft ($49.5M), importing mostly from United States ($339M), Switzerland ($132M), China ($109M), Italy ($107M), and France ($70.3M).
National Chamber of Commerce: BVI Chamber of Commerce and Hotel Association
Website: https://www.bviccha.org/
Customs Agency: BVI Customs Department
Website: https://bvi.gov.vg/departments/her-majestys-customs
