A perfect climate, miles and miles of pristine beaches, clear azure sailing waters, a stable and determined government, the US dollar economy, numerous tax advantages and proximity to the USVI and Puerto Rico are all excellent selling points for purchasing real estate in the British Virgin Islands. There are properties offered for sale on almost every island of the British Virgin Virgin Islands; deciding which one is right for you could very well be the hardest decision you will have to make while shopping for real estate.
Establishing contact with a local Real Estate Agent will prove to be beneficial in that they can advise you about available properties as well as current laws and regulations regarding property ownership and development. Essentially, the purchase of property in the British Virgin Islands is based upon the issuance of a "Non-Belonger's Land Holding License" which is issued by the BVI government. Undeveloped land purchased by a non-belonger must be developed within two (2) years.