Where should I setup a bank account in Virgin Gorda?

We asked expats in Virgin Gorda what banks they use and there advice about banking. They advised...

"Before retiring in Virgin Gorda, British Virgin Islands, expats should be aware that the cost of living is relatively high compared to other Caribbean islands. This is due to the fact that most goods are imported, which increases their price. Expats should also know that healthcare facilities on the island are limited. For serious medical conditions, it may be necessary to travel to the United States or another country with more advanced healthcare facilities. Therefore, having a comprehensive health insurance plan is crucial. Understanding the local tax system is also important. The British Virgin Islands does not have income tax, capital gains tax, or inheritance tax, which can be beneficial for retirees. However, there are other taxes, such as property tax, to consider. Expats should also be aware that the official language is English, which can make the transition easier for those from English-speaking countries. However, the local accent and colloquialisms can take some getting used to. The climate in Virgin Gorda is tropical, with warm temperatures year-round. However, the island is susceptible to hurricanes, which usually occur between June and November. Expats should also know that while Virgin Gorda is a beautiful and tranquil island, it has a slower pace of life compared to many Western countries. This can be a positive or negative depending on personal preferences. Finally, it's important to understand the immigration process. To retire in the British Virgin Islands, expats will need to apply for a residence permit, which requires proof of financial stability, among other things. It's recommended to consult with an immigration lawyer to understand the process and requirements," commented one expat who made the move to Virgin Gorda, the British Virgin Islands.

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