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Moving to BVI

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Cleodd1
10/22/2013 14:53 EST

I want to set up a business in BVI and have sufficient funds to do so has anyone done this? How feasible is this?

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michelap
3/6/2014 11:35 EST

Hello,

I would highly advise against this. Obtaining the permission is a nightmare for foreigners and priority is always given to locals. For example, if a local has a similar trade licence or has requested one similar you will most likely be rejected. It's not completly impossible, my parents moved from italy in 1994 to open a business down there but already knew people there to assist them in dealing with this paperwork and after all it was 20 years ago. Now a days it is becoming increasingly difficult due to higher competition and a slow down in the economy.

Best of luck on your future business where ever it may end up being! :)

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