Offshore Financial Centres (OFCs), as low-tax, lightly regulated jurisdictions, specialise in providing the corporate and commercial infrastructure for the formation of offshore companies and for the investment of offshore funds.
Living and working in the British Virgin Islands
The British Virgin Islands are a comparatively new offshore jurisdiction. The professional community contributes to a vibrant and entrepreneurial spirit following the emergence of international businesses on the islands.
Characteristically, BVI offers its professionals the opportunity to work in smaller teams becoming more integral to the business they join, as well as working closely with their clients.
Due to the size of the Islands, commuting distances are negligible which means there is more time to enjoy outside work pursuits.
The islands have a thriving sporting and social community and it is easy to make friends with so many like-minded individuals interested in water sports, socialising and their careers. Although it is expensive, the salaries are excellent and so the quality of life enjoyed by the ex-patriot community is excellent.
Salaries are uniformly high and with the favourable tax position of a flat 8% income tax, UK professionals are roughly 25% better off in real terms. Professionals from Canada, New Zealand, Australia and other commonwealth countries could find themselves earning two or three times their current salaries. Relocation expenses, temporary accommodation and transport are also included as standard in most packages.
