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Summary Guide to Property Holding in the British Virgin Islands 

March, 2015 - Willa Tavernier, Jamealya Fahie, Marianne Cave, Akilah Anderson

This guide provides general commentary and direction to prospective purchasers of property in the BVI. It is not a substitute for professional advice which will take account of individual specific circumstances, and should not be taken as legal advice. No responsibility can be accepted by O’Neal Webster for any loss occasioned by a person or organisation acting or refraining from acting on the basis of this information.

The acquisition, holding and transfer of BVI property, is regulated by the Registered Land Act, and for persons who are not citizens, also by the Non  Belonger Landholding Regulation Act. The sale, gift, or inheritance of property triggers statutory licensing, filing, and stamp tax requirements. Accordingly, before you acquire property, it is best to plan ahead and take legal advice on how best to structure your property holdings. The basic advantages and other considerations relating to the most common options are set out below.