RBI Program: How to obtain a residence permit in the British Virgin Islands through investment

The British Virgin Islands, famous for its picturesque beaches and developed tourism sector, announced the launch of a new program for obtaining a residence permit through Residency by Investment (RBI).

The state introduced this program on January 13, 2025, aimed at supporting local businesses and developing key sectors of the economy. The initiative promises to be a significant step towards creating new jobs and strengthening local entrepreneurship, making the islands even more attractive to investors from around the world. The RBI will generate revenue through residency permit fees and taxes on new businesses.

While the exact start date of the program is yet to be determined, the Prime Minister stressed that RBI will focus on attracting investment in key sectors of the economy, including emerging industries. The program also aims to develop the skills of local people through supporting new business projects.

Key features of the Residency by Investment (RBI) program:

• The program offers residency but does not provide fast-track pathways to citizenship.
• A quota system will be introduced to prevent overstretching the country's resources.
• All applications will be jointly vetted by investment and immigration authorities to ensure transparency in the process.
• The program will operate under the Immigration and Passport Act, complying with all regulations.

It is important to note that the British Virgin Islands, being an Overseas Territory of the United Kingdom, does not have its own citizenship. Nevertheless, residents can apply for BOTC (British Overseas Territories Citizenship) and the corresponding passport after five years of continuous residence in the territory. To become a full British citizen, holders must make a separate application for a British passport.

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