The government of the British Virgin Islands has announced plans to establish an official Residency by Investment programme aimed at boosting economic development and government revenue.
In a recent interview with BVI News, Premier Dr. Natalio Wheatley described the programme as a strategic initiative to generate revenue through application and processing fees for residency permits, as well as taxes on new businesses and economic activities brought by investors.
Dr Wheatley stated that the Residency by Investment programme is designed to diversify and strengthen the economy by encouraging investments aligned with the territory's economic goals and standards.
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