Where should I setup a bank account in Road Town?

"Before retiring in Road Town, British Virgin Islands, expats should know that the cost of living is relatively high, with imported goods and groceries being particularly expensive. They should also be aware that the healthcare system, while adequate, may not offer the same level of care as in their home country, and medical evacuation insurance is recommended. Expats should understand that the official language is English, but the local dialect can sometimes be difficult to understand. They should also be prepared for a slower pace of life, as the local culture values relaxation and leisure time. The climate is tropical, with hurricane season running from June to November, which can bring severe weather. Expats should also know that while Road Town is generally safe, petty crime can be an issue, so it's important to take standard precautions to protect personal belongings. Expats should be aware that they will need a visa to retire in the British Virgin Islands, and the process can be lengthy and complex. They should also know that the tax system is different from many other countries, with no income tax, capital gains tax, or inheritance tax. Finally, expats should understand that while Road Town offers many amenities, it is a small town and does not offer the same level of entertainment or cultural activities as a larger city. However, the natural beauty of the islands and the outdoor activities available can more than make up for this," explained one expat living in Road Town, the British Virgin Islands.

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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.

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SJB Global

SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.