Tropic Aisle Development
To be present at every stage of the real estate transaction, to represent our clients to the best of our ability, to be aware of and manage the risks that arise during all real estate transactions, to continually develop our talents and excel in our areas of expertise, and to be responsible in the society in which we live and serve.
Customer focus, trust, integrity and fairness, open communication, employee development/training, positive and creative work environment, social responsibility.
Land Holding Requirements in the BVI
Non belonger or Non British Virgin Islanders are required by law to obtain a land holding license from the Government before they can purchase property within the territory. The application process for buying an already constructed building (private or commercial) begins after you have negotiated and agreed upon the purchase price with the seller. You will need an Attorney to assist with completing this process, however, if you do not have one, you can use the services of our associate Attorney Jamal Smith, who is quite knowledgeable about the laws and the processes of the BVI. "The entire process, from submission of the application to execution of the License by the Governor can take up to three (3) months."
Purchasing undeveloped land: An unlicensed non-belonger shall not hold more than five acres of land in all; the land described in the licence shall be used only for the purposes set out in the licence; any development of land required by the licence shall be completed within a prescribed time after the registration of the licence. A government fee shall be paid on the registration of every licence granted.
The Virgin Islands, often called the British Virgin Islands (And also "The Territory of the Virgin Islands") The main islands are Tortola, Virgin Gorda, Anegada, Jost Van Dyke and Peter Island (about 50 islands, cays and islets make up this archipelago.)
- STATUS: British Overseas Territory
- Area: 59 Sq miles
- Location: In the Caribbean approx. 60 miles east of Puerto Rico
- Population (Mid 2010) 29,537.00 (of that 17,818 are expatriates
- Capital: Road Town, Tortola
- Language: English
- Religion: Christian
- Currency: US Dollars
- GDP per capita for 2009 was $30,346.
- Economy: Financial services and Tourism
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