Oil Nut Bay British Virgin Islands Real Estate Freehold Ownership
Oil Nut Bay in Virgin Gorda offers freehold ownership of British Virgin Islands real estate , something unique in the British Virgin Islands , so you and your family for generations will all remain part of this exclusive island paradise. Comprised of 60 islands and cays in the Caribbean Sea, the British Virgin Islands are well known for its world-class sailing, wonderful people, high standards of living, political stability, natural beauty and tax benefits for non-residents. Freehold ownership of British Virgin Islands real estate simply adds to the many reasons to own a property at Oil Nut Bay.
Why Purchase BVI Luxury Real Estate?
- The third largest island in the British Virgin Islands, Virgin Gorda lures visitors to discover the island’s stunning beaches, quiet coves and unparalleled beauty and has long been a prime destination for sailing and yachting enthusiasts. A sailor’s paradise, its azure seas play host to protected anchorages and gentle breezes.
- The year-round climate is balmy with relatively low humidity. Temperatures are moderated by trade winds and rarely drop below 77ºF (25º C) in the winter, or rise above 82º F (28º C) in the summer.
- Rainfall averages 40 inches per year.
- The islands feature a rich mixture of spectacular topography. Anegada, the northernmost island, is formed from coral and limestone. Other islands, including Virgin Gorda, are mountainous, offering scenic vistas and views.
- The pristine waters and breezes of the North Atlantic Ocean and the Caribbean Sea offer a playground for all boaters and an ideal setting for the world’s best sailing and yachting.
- Property on Virgin Gorda is at the high end of the real estate market, influenced by the halo effect of luxury destination resorts including Biras Creek Resort and Little Dix Bay.
- The BVI feature one of the most established and prosperous economies in the Caribbean. Tourism and financial services are the preeminent economic drivers. Additionally, because of the expanding economy, there is a low unemployment rate of approximately 3.3%. The GDP per capita was US$41,000 (2007), one of the highest per capita GDP in the region. There is no income, corporate or personal tax in the BVI. In addition, there is no withholding tax, sales tax, value added tax, capital gains tax, capital transfer tax, estate duty, inheritance tax, or succession tax. (Business BVI link:http://www.oysterbvi.com/quick-resources)
The luxury real estate available at Oil Nut Bay in Virgin Gorda in the British Virgin Islands provides you and your family with a world-class lifestyle.