North Sound, British Virgin Islands
West End, British Virgin Islands
Virgin Gorda, British Virgin Islands
5.789 Acres
SOLD
Jost Van Dyke, British Virgin Islands
Smiths Gore can assist in the purchase and sale of commercial property both in the British Virgin Islands and the wider Caribbean.
The firm has undertaken agency assignments in most jurisdictions across the region. The team has experience across property classes and has specific expertise in hotels, resorts, marinas, private estates and islands. Key personnel have many years of experience in the region and an extensive contact database of owners, institutions, banks, private equity and high-net-worth investors.
Smiths Gore collaborates with international partners, including CBRE, Vladi Private Islands and SG Commercial in the United Kingdom
For detailed, up-to-date information on commercial property sale in BVI, including legal considerations and market trends, you can talk to us.
The British Virgin Islands (BVI) offers a diverse range of commercial properties, catering to various business needs and investment goals. Options include office spaces, retail shops, mixed-use developments, resorts, marinas, and industrial warehouses. Many properties are designed to align with the islands' thriving tourism industry, such as beachfront resorts or commercial spaces in prime tourist areas. Investors can also find development land suitable for building custom commercial projects, providing flexibility for tailored business ventures.
Yes, non-residents need to obtain a Landholding License to purchase property in the British Virgin Islands, including commercial properties. This license is granted by the government and requires detailed documentation, such as proof of funds and the intended use of the property. While the process can take several months, having a local attorney experienced in BVI property laws can streamline the application. Additionally, there may be restrictions on land use in certain areas to preserve the islands’ natural beauty and infrastructure.
Investing in commercial properties in the BVI offers several advantages. The islands are a leading offshore financial hub, attracting international businesses and high-net-worth individuals. The robust tourism industry, fueled by the BVI's reputation for luxury travel and yachting, creates consistent demand for hospitality-related commercial properties. Additionally, the absence of capital gains and inheritance taxes in the BVI enhances the profitability of long-term investments. The islands’ strategic location and stable political environment further make it an appealing choice for investors.
When purchasing commercial property in the BVI, consider both upfront and ongoing costs. Upfront expenses include the purchase price, stamp duty (currently 12% for non-belongers), legal fees, and Landholding License application fees. Ongoing costs might include property maintenance, insurance, utility bills, and, if applicable, management fees for leasing. Additionally, investors should account for the costs of any renovations or upgrades needed to make the property operational or better suited to their business needs. Working with a real estate professional can help you estimate these costs accurately and avoid unexpected expenses.
Unlock incredible investment opportunities in the British Virgin Islands, one of the world's most sought-after destinations for business and luxury. Whether you're looking to start a new venture, expand your portfolio, or capitalize on the thriving tourism industry, we're here to help. Have questions or ready to explore available properties? Contact us now, and let’s turn your BVI commercial property dreams into reality!