Can US citizens move to Virgin Islands?
Can US citizens move to Virgin Islands? While you don't lose your US citizenship when you move to the USVI, you need to have proper documentation, including a VI driver's license. You can sort that out at the Virgin Islands Bureau of Motor Vehicles.
Do US citizens pay taxes in the Virgin Islands?
An individual who qualifies as a bona fide resident of the U.S. Virgin Islands (or who files a joint U.S. return with a U.S. citizen or resident with U.S. Virgin Islands income) will generally have no U.S. tax liability so long as the taxpayer reports all income from all sources on the return filed with the U.S. Virgin ...
Why do people move to St Thomas?
Thomas and its nearby neighbor St. John, lay between the Atlantic and the Caribbean. DID YOU KNOW... In addition to it's long and rich multicultural history, friendly people, open spaces, the blue sea and near perfect year-round weather, there are a number of reasons to consider relocating to St Thomas.
Can a US citizen buy property in the Virgin Islands?
Located in the US Virgin Islands, St. Croix is a US territory making it an easy place for US citizens to purchase property. It also happens to be surrounded by the turquoise waters of the Caribbean Sea and white sand beaches, plus the tropical climate creates the feeling of endless summer.
How much money do I need to live in the Virgin Islands?
The cost of living in the U.S. Virgin Islands is higher than on the U.S. mainland. On average, apartments cost $2,000 per month. A two-bedroom house costs at least $285,000. Not everyone can afford health care on the U.S. Virgin Islands.
Can a US citizen retire in the Virgin islands?
U.S. Virgin Islands If you are an American citizen, retiring in the U.S. Virgin Islands is highly desirable, and achievable. As it is still considered to be on U.S. lands, the relocation process is extremely easy. Imagine taking the process of moving states, but ending up in this tropical paradise.