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Export from British Virgin Islands

The British Virgin Islands has one of the most flourishing economies in the Caribbean region. In 2010, the BVI had the world's 19th highest GDP per capita. The country's GDP is smaller when regarded in terms of purchasing power, from this point of view the BVI is ranked as 215th out of 229 countries. The major economic sectors of the British Virgin Islands are tourism and financial services

The BVI was estimated 34th in terms of global financial centers, in 2015. The Territory is considered a tax haven with an “opaque” banking system. Financial services represent one of the main sources of revenue for the country. The revenue is gained by the licensing of offshore companies and related services. It should be mentioned that the BVI plays a significant role in the offshore financial services industry. Tourism represents about 45% of the country's income. The British Virgin Islands are known as one of the world's greatest sailing destinations. 

The British Virgin Islands is the world's 168th largest exporter. Its main exports are planes, helicopters, recreational boats, diamonds, jewelry, paintings, fish, gravel and sand, rum and fruits. The BVI's major export partners include Malta, the UK, Switzerland, Italy and Cyprus

 

Import to British Virgin Islands

The BVI economy is highly dependent on tourism and financial services. The country has poor soils which are the cause of a limited agricultural activity on the islands. This natural condition reduces the country's ability to meet domestic food requirements.

Agriculture and industry account for only a small proportion of the British Virgin Islands' GDP. The main agricultural products include vegetables, fruits and sugar cane. Livestock raising is also an important agricultural activity. Other industries are rum distillation, construction and boat building.

The British Virgin Islands is the world's 160th largest importer. The BVI's main imports are food products, cars, construction materials, machinery, ferroalloys, refined petroleum. The island's primary import partners are Russia, US, South Korea, Germany and Italy.

Check Out Export Portal: A Site That Lets You Export Live Animals
If you are looking to buy and export animals, then you came to the right place! Export Portal's Live Animals Department is an online marketplace for sellers and buyers of any livestock. We work to contribute to the live export industry, which brings many economic advantages and other benefits to countries that rely heavily on livestock imports. In fact, in just Australia alone, this industry contributes roughly $1.8 billion to the country's GDP each year. Moreover, it also ensures food security while helping people meet their protein needs as well.

Finding the Right Animal
We feature a wide range of pigs, cows, sheep, goats, horses, rabbits and hares, turkeys, bees, and fish for sale. An increasing number of American, Australian, German, South African, Argentinian, and Italian farmers and companies are advertising their livestock with Export Portal, portraying just how effective and helpful our site is.

To help customers make more informed purchasing decisions, our site lets users narrow down their searches by the age, breed, and sex of the animal. If you are feeling hesitant to shop on our site and want more detailed information, make sure to check out our seller ratings and reviews, which are written by our buyers and customers. We also collaborate with hundreds of trusted international shipping companies that arrange the transport of all kinds of animals and birds to any country in the world.

Online Shopping is More Simple with Export Portal
Export Portal is an ideal site for everyone who is an avid online shopper. Our convenient options make it easy to find and buy whatever you are looking for. Our seller network from all over the world has everything you need, and our customer support team will make sure you can find it. Our wide assortment of products will be sure to provide you with the best shopping experience. Make sure to check out our site and items today!

Customs requirements of British Virgin Islands

British Virgin Islands Customs Contacts

Government of the Virgin islands

Website: http://www.bvi.gov.vg/  

Address: H.M Customs (Head Quarters): Richard Stoutt Building, Road Town, Tortola, Virgin Islands (British) VG1110

Telephone: 1(284) 468-6801

Fax: 1(284) 494-6906

 

The British Virgin Islands is a British overseas territory situated in the Caribbean to the east of Puerto Rico. The BVI consist of the main islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, and over 50 other smaller islands. The country is a member of the Caribbean Community and Common Market (Caricom) (associate), Caribbean Development Bank (CDB), Organization of Eastern Caribbean States (OECS) and other international organizations.

 

Import tariffs

All imported products are subject to import duties varying from 5% to 20%. Imports entering the B.V.I. on a temporary basis, will not be subject to duty. There is no customs duty on the importation of computers.

There are no sales taxes or value added taxes in the BVI.

 

List of prohibited imports:

- Acids

- Batteries

- Bio Products

- Chemicals

- Corrosives

- Cosmetics

- Flammables

- Furs

- Gases

- Ice, Dry

- Ice, Wet

- Infectious Substance

- Liquids

- Magnetized Materials

- Oxidizers

- Paints

- Perfume

- Personal Effects

- Poisons

- Radioactives

- Seeds

- Soil

- Toiletries

- Log and timber products from Liberia (wood-chips, poles, post, fence pickets, sheets, flooring, molding, pallet, tool handles, barrels, crates, tableware/kitchenware, shutters, blinds, cases/boxes/chests for jewelry and silverware, clothes hangers, clothespins, toothpicks, etc.)

 

Sources

http://www.bvimarineguide.com/clearance.html 

https://smallbusiness.fedex.com/international/country-snapshots/british-virgin-islands.html