HeavenCaribbean
British Virgin Islands
0%effective individual rate
Classic offshore tax haven with zero taxation across the board. No capital gains, no income tax on non-residents, no corporate tax for IBCs, no inheritance tax, no sales tax.
FATCA Partner
Yes
FATF Status
Greylist
EU Blacklist
No
Dual Nationality
Allowed
Bitizenship
Not yet
Tax Rates
Capital Gains Tax0%
Income Tax on Crypto0%
Corporate Tax0% (for IBCs)
VAT on CryptoN/A (no VAT/sales tax)
Activity Taxes
Staking
0%
Mining
0%
DeFi
0%
NFTs
0%
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
All gains tax-free
Regulation & Residency
Regulatory Body
BVI Financial Services Commission
Residency Requirement
Residency available; requires investment or employment
Reporting Requirements
OECD CARF exchanges expected by 2028 (second batch)
Citizenship & Residency Path
Residency via investment; no direct citizenship (British Overseas Territory)
Notable Conditions
- →Regulatory Sandbox for fintech companies available
- →International Business Companies (IBCs) enjoy full tax exemption
- →Second-batch jurisdiction for CARF reporting (2028)
- →Well-established legal and financial services infrastructure
- →Popular for crypto fund structures
Living & Lifestyle
Cost of Living
High
Banking Access
Moderate
Quality of Life
Moderate-High
Lifestyle Scores
Safety7/10
Healthcare5/10
Institutions6/10
Business Ease6/10
Int'l Schooling3/10
Privacy5/10