British Virgin Islands
Classic offshore tax haven with zero taxation across the board. No capital gains, no income tax on non-residents, no corporate tax for IBCs, no inheritance tax, no sales tax.
FATCA Partner
Yes
FATF Status
Greylist
EU Blacklist
No
Dual Nationality
Allowed
CARF Status
Second Wave (2028)
Bitizenship
Not yet
CARF Reporting
Second Wave (2028)
British Virgin Islands has committed to the second wave of CARF implementation, expected by 2028. This will require crypto exchanges and custodians to report user activity to tax authorities.
Tax Rates
Activity Taxes
Staking
0%
Mining
0%
DeFi
0%
NFTs
0%
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
All gains tax-free
Regulation & Residency
Regulatory Body
BVI Financial Services Commission
Residency Requirement
Residency available; requires investment or employment
Reporting Requirements
OECD CARF exchanges expected by 2028 (second batch)
Citizenship & Residency Path
Residency via investment; no direct citizenship (British Overseas Territory)
Resilience & Plan B
Jurisdictional Resilience
How well-equipped this jurisdiction is for a crypto holder who wants stability, access, and protection.
JRS
Institutions (25%), banking (20%), tax clarity (20%), business (15%), privacy (10%), geopolitical (10%). Full methodology →
Plan B Readiness
How fast you can go from “I want to move” to “I’m a tax resident with banking and optionality.”
PBR
Business ease (25%), citizenship path (20%), dual nationality, quality of life & safety (15% each), Bitizenship (10%). Full methodology →
Notable Conditions
- →Regulatory Sandbox for fintech companies available
- →International Business Companies (IBCs) enjoy full tax exemption
- →Second-batch jurisdiction for CARF reporting (2028)
- →Well-established legal and financial services infrastructure
- →Popular for crypto fund structures
Living & Lifestyle
Cost of Living
High
Banking Access
Moderate
Quality of Life
Moderate-High
Lifestyle Scores