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The British Virgin Islands (BVI), formally the Virgin Islands, are a British Overseas Territory in the Caribbean, located to the east of Puerto Rico and the United States Virgin Islands and to the northwest of Anguilla. The islands are situated in the Leeward Islands of the Lesser Antilles and are physically part of the Virgin Islands archipelago.
The British Virgin Islands are made up of the major islands of Tortola, Virgin Gorda, Anegada, and Jost Van Dyke, as well as over 50 smaller islands and cays. Approximately 16 of the islands are inhabited. The capital, Road Town, is located on Tortola, the biggest island, which is about 20 kilometers (12 miles) long and 5 kilometers (3 miles) broad. At the time of the 2010 Census, the islands had a population of 28,054 people, 23,491 of whom resided on Tortola; recent estimates put the population at 35,802. (July 2018).
British Virgin Islanders are citizens of the British Overseas Territories and, since 2002, British citizens.
Employees are entitled to between 12 and 20 days of annual leave every year, depending on the length of employment.
The British Virgin Islands recognizes 16 national public holidays.
After four months of work, employees are entitled to a statutory 12 days of paid sick leave. An employee must tell his or her employer and secure a medical certificate on the first day of his or her absence. While on leave, eligible employees get social security payments.
After 12 months of continuous employment, female employees are eligible to 13 weeks of paid maternity leave. The leave must be taken within six weeks after the baby's birth and can be prolonged up to three months if a pregnancy-related sickness occurs. While on maternity leave, eligible employees get a stipend from social security.
Although there is no paid paternity leave, male employees can take a month off without pay.
Apart from the already mentioned terms regarding maternity and paternity leave, there are no other provisions in the law of the UK Virgin Islands regarding parental leave.
Employers may terminate an employee's employment contract by giving the employee written notice. Special regulations apply in the case of collective dismissals or if the employee is a union member.
The notice period begins at the pay interval and years of service and increases to two months based on the length of service of the employee. No notice is required, however, if the employee is being terminated for misconduct.
There are no provisions in the labor laws specifically tailored to probationary periods in the British Virgin Islands.
Severance pay shall be three-quarters of a day's pay, or nine days' pay per year for each month of the employee's employment period. The pay rate is determined by the employee's base salary.
The standard workweek is 40 hours, divided into five eight-hour days.
Overtime is restricted to a maximum of four hours per day. Employees are entitled to overtime pay. Generally, compensation is set at 150 percent of the employee's regular wage.
The minimum wage in the British Virgin Islands is $6 per hour.
It is strongly advised to get private health insurance.
Mandatory benefits postulated by law include a probationary period, pay on annual leaves, public holidays, sick leaves, maternity leave, paternity leave, and overtime pay. Statutory benefits also include social security benefits.
The corporate income tax in the British Virgin Islands is 0.
There are no personal income taxes in the British Virgin Islands.
There are no value-added taxes or goods and sales taxes in the Virgin Islands.
Before you begin arranging your vacation to the British Virgin Islands, there are a few things you should be aware of. To begin with, you may need a visa to visit there. What you should be looking at is the British Overseas Territories' visa rules. You'll see that it's rather forgiving, with most nations able to get a visa stamp upon arrival. The length of time you may remain in the British Virgin Islands is determined on your nationality and ranges from 30 days to 6 months.
If your country of origin is not on the list of visa-exempt nations, you will require a visa, which should not be difficult to get. Simply locate the closest British diplomatic mission and apply there. However, even if you discover a lot of information online, we suggest that you phone the location and enquire about the visa requirements. We've all heard that the internet isn't the most trustworthy source of information.
In the British Virgin Islands, there is no standard format for employment contracts. The parameters of a British employment contract may be spelled forth in an employee handbook, offer letter, or collective agreement (if one applies to the employment relationship), among other locations, in addition to a written or spoken agreement. In most cases, employment contracts include:
Contracting parties' rights and duties
Working conditions
Employee responsibilities
Regardless of the form of the employment contract, all employers in the British Virgin Islands are required to give workers with a written statement of particulars that contains a primary statement. The following must be included in the main statement:
The employer's title
The employee's name and work title
A description of the work to be done as well as the place where it will be done
The start and finish dates (if the contract is for a fixed-term)
The duration and terms of the employee's probation period, if one exists.
Salary and payment frequency
Working hours and days (the principal statement must also specify if the employee is expected to work overtime, nights or on Sundays)
Leave, as well as any other benefits to which the employee may be entitled
Whether there is any obligatory training the employee must complete
There is no set length for assignments. This is usually indicated in the employment contract for fixed-term employments.
British Pound
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