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Old May 27th 2017, 9:28 am   #1
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Default Moving to British Virgin Islands

Hi All Looking for some advice on British Virgin Islands
Been offered job but by my calculations it would be great for a single guy
but we are a family of four, two children 11 and 8, after taxes should have $5k left plus $1000 housing allowance

i have worked in Bermuda and i believe the cost is very similar

questions are state school or private
how easy would it be for my wife to get work
can a family live on this short of income

is it worth the struggle for the life style,

what would you need to get buy on

thanks Gary
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Old May 30th 2017, 11:06 pm   #2
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Default Re: Moving to British Virgin Islands

Hi there and a warm welcome to British Expats.

Hopefully someone will be along shortly that will be able to help a little.
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Old Jun 1st 2017, 5:13 pm   #3
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Default Re: Moving to British Virgin Islands

Sample expenses i was using below when i was looking at moving to BVI last year, at the time i could substantiate these but as I ended up on another island and I didnt need the information i couldnt point my sources out now! there was a lot of furious googling involved at the time! Hope this helps a little.

One thing i have found is you can be frugal if you want to be so things like food / entertainment are always fluctuating and its difficult to say whether XX would be sufficient for someone to live off because if you eat steak every day and drink expensive wine then the answer is no. if you like a simple life and take inspiration from the surroundings to have a good time then probably..

With health insurance I ended up opting out of getting coverage (rightly or wrongly) as where i am has a government sponsored health scheme that my minimal tax goes towards, however, in cayman i believe it would be mandatory - just food for thought!

Any BVI residents please feel free to dispute/amend/comment on the below.

Cheers!


Expenses
Rent $2,000.00
Utilities $425.00 (electricity / Gas / Cable / water
Loan $455.00 based on £350 pm
food $800.00
Phone/internet $170.00
credit cards/loan $325.00 £250
Insurance car/hse$300.00
Health ins $440.00
Entertainment $750.00

Total $4,885.00
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