BVI Government is working on a new proposal to launch “Invest and Stay” scheme to attract remote workers and investors to contribute to economic activity. The programme will attract potential investors from all over the globe by offering residency.
BVI Invest-and-Stay programme, will allow persons to come to the BVI and stay for an extended period without belonger status. The main target group are persons who are able to do remote working for jobs in their home countries
“We are also working out the details for an Invest-and-Stay programme to attract persons who would like to invest in specific areas of our economy. They would be allowed to live in the BVI but they will not be afforded the benefits that go with Belongership. However, they will be mandated to employ an agreed number of persons in the BVI based on the size of their investment,” said Premier Fahle
BVI is not the only country opening this route due to effects of Covid on its economy. Barbados (welcome stamp), Antigua, Estonia have already opened new schemes to attract digital nomads working remotely and such schemes would mitigate the effects of lost tourism dollars on the economy as a result of the COVID-19 pandemic.
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