Passive Income

Right to Reside Permit

💰 Minimum Income
No fixed minimum; must demonstrate sufficient funds to support yourself and dependants without employment
⏱️ Duration
1 year, renewable
👪 Dependants
Yes
Spouse and children, each applying individually

The British Virgin Islands Right to Reside permit allows financially independent foreign nationals to live in the territory without engaging in any form of employment. Administered by the Department of Immigration under the Chief Immigration Officer, it targets retirees, pensioners, property owners, and other self-supporting individuals. The BVI does not levy personal income tax or capital gains tax, making it an attractive jurisdiction for those living on passive income.

Requirements

Applicants must demonstrate sufficient financial means to support themselves and any dependants without employment in the BVI. There is no published minimum income threshold — eligibility is based on providing evidence of financial self-sufficiency through bank statements, proof of social security benefits, or other supporting documentation. No educational or professional qualifications are required. Applicants must be of good character and provide police certificates.

Required Documents
  • Valid identification (passport)
  • Bank statements demonstrating financial self-sufficiency
  • Proof of social security benefits or other income sources
  • Evidence of pre-arranged accommodation in the BVI
  • Police certificates of character (two copies — from country of birth and country of residence)
  • Medical certificate in prescribed form (upon approval)
Duration & Renewal

The permit is valid for one year and is renewable. The application fee is $100 USD, with a $50 USD extension fee for renewals. A review of residence costs $150 USD.

Family Members

Spouse and children may request permission to reside by writing to the Chief Immigration Officer. Each family member applies individually with supporting documentation. Responses to family applications are typically provided within one to two weeks.

Tax Implications

The BVI does not levy personal income tax or capital gains tax. The Inland Revenue Department collects only payroll tax (applicable to employment income only), stamp duty, property tax, and other transaction-based taxes. Since Right to Reside holders are prohibited from working, payroll tax does not apply.

Application Process

Applicants submit a written request to the Chief Immigration Officer at the Department of Immigration in Road Town, Tortola. The request must include valid identification, proof of financial self-sufficiency, evidence of accommodation, and contact information. Upon approval, applicants present themselves at the Immigration Department to make payment and receive a receipt as proof. The approved holder's passport is stamped, allowing entry and exit during the permit's validity.

Many nationalities, including US, UK, and Western European citizens, do not require an entry visa for the BVI. UK citizens receive a one-month entry stamp upon arrival, extendable up to six months.

Employment Restrictions

Holders must not seek or engage in any form of employment in the BVI. Violations of immigration law carry penalties of up to $1,000 USD and twelve months' imprisonment, plus potential deportation.

Path to Permanent Residence

After 20 years of continuous residence, holders may apply for a Certificate of Residence (permanent residence). During this period, absence must not exceed 90 days per calendar year, except for education or illness. After a further period holding a Certificate of Residence, holders may apply for Belonger Status, the territory's equivalent of full membership.

Other Visa Programs in North America

Country
Program
Income
Investment
Capital Required
Duration
Dependants
Citizenship
Compare
🇦🇮 Anguilla
Residence by Investment
$150,000 one-time
Permanent
Yes
Yes (5yr)
🇦🇮 Anguilla
Work from Anguilla Certificate
No official minimum incom...
91 days — 1 year
Yes
🇦🇬 Antigua and Barbuda
Citizenship by Investment Programme
$230,000 one-time
Permanent
Yes
Yes
🇦🇼 Aruba
Investor/Shareholder Residence Permit
$140,000 one-time
1 year
Yes
Yes (5yr)
🇦🇼 Aruba
One Happy Workation
No specific minimum incom...
7 days — 90 days
Yes
🇦🇼 Aruba
Retiree / Interest Rate Earner Residence Permit
$28,000 / year
1 year
Yes
Yes
🇧🇸 Bahamas
Bahamas Extended Access Travel Stay (BEATS)
No specific minimum incom...
1 year — 3 years
Yes
No
🇧🇸 Bahamas
Economic Permanent Residence Certificate
BSD 1,000,000 one-time
Permanent
Yes
Yes (10yr)
🇧🇸 Bahamas
Permit to Reside (Independent Economic Resident)
No fixed minimum income. ...
1 year — 5 years
Yes
🇧🇧 Barbados
Special Entry and Reside Permit (Category 1: High Net Worth Investor)
$2,000,000 one-time
5 years — Permanent
Yes
Yes
🇧🇧 Barbados
Special Entry and Reside Permit (Category 2: Retired Property Owner)
No fixed minimum income a...
5 years — Permanent
Yes
Yes
🇧🇧 Barbados
Welcome Stamp
$50,000 / year
1 year
Yes
Yes
🇧🇿 Belize
Long Stay Visitor Permit
$75,000 / year
6 months
Yes
Yes (5yr)
🇧🇿 Belize
Qualified Retired Persons Incentive Program
$2,000 / month
1 year — Permanent
Yes
No
🇧🇿 Belize
Temporary Residence Permit (Investment)
$250,000 one-time
1 year
Yes
Yes (5yr)
🇧🇲 Bermuda
Economic Investment Residential Certificate
BMD 2,500,000 one-time
Permanent
Yes
Yes (5yr)
🇧🇲 Bermuda
Global Entrepreneur Work Permit
No fixed minimum capital ...
1 year
Yes
🇧🇲 Bermuda
Permission to Reside on an Annual Basis
No fixed minimum income p...
1 year — 5 years
Yes
No
🇻🇬 British Virgin Islands
Right to Reside Permit
No fixed minimum; must de...
1 year
Yes
🇨🇦 Canada
Digital Nomad Policy
No minimum income thresho...
6 months
Yes
🇨🇦 Canada
Quebec Immigrant Investor Program
CA$1,200,000 one-time
Permanent
Yes
Yes (3yr)
?
🇨🇦 Canada
Self-Employed Persons Program
Permanent
Yes
Yes (3yr)
?
🇨🇦 Canada
Start-Up Visa Program
CA$75,000 one-time
Permanent
Yes
Yes
?
🇰🇾 Cayman Islands
Certificate of Direct Investment
$1,220,000 one-time
25 years
Yes
Yes
🇰🇾 Cayman Islands
Certificate of Permanent Residence for Persons of Independent Means
$2,440,000 one-time
Permanent
Yes
Yes
🇰🇾 Cayman Islands
Residency Certificate for Persons of Independent Means
$1,220,000 one-time
25 years
Yes
No
🇰🇾 Cayman Islands
Zone Employment Certificate
$15,000 one-time
5 years
Yes
🇨🇷 Costa Rica
Digital Nomad Visa
$3,000 / month
1 year — 2 years
Yes
No
🇨🇷 Costa Rica
Residencia Temporal Inversionista
$150,000 one-time
2 years
Yes
Yes
🇨🇷 Costa Rica
Residencia Temporal Pensionado
$1,000 / month
2 years
Yes
🇨🇷 Costa Rica
Residencia Temporal Rentista
$2,500 / month
2 years
Yes
🇨🇺 Cuba
Real Estate Resident Visa
No fixed minimum investme...
1 year
Yes
🇩🇲 Dominica
Work In Nature Extended Stay Visa
$50,000 / year
18 months
Yes
Yes
🇩🇴 Dominican Republic
Residencia Permanente en Calidad de Inversionista
$200,000 one-time
1 year — Permanent
Yes
Yes
🇩🇴 Dominican Republic
Residencia Permanente en Calidad de Jubilado o Pensionado
$1,500 / month
1 year — Permanent
Yes
Yes
🇩🇴 Dominican Republic
Residencia Permanente en Calidad de Rentista
$2,000 / month
1 year — Permanent
Yes
Yes
🇸🇻 El Salvador
Definitive Residency for Investors
Investment or donation to...
Permanent
Yes
Yes (5yr)
🇸🇻 El Salvador
Freedom Visa
$1,000,000 one-time
Permanent
Yes
Yes
🇸🇻 El Salvador
Temporary Residency for Pensioners
$1,226 / month
1 year — 5 years
Yes
🇸🇻 El Salvador
Temporary Residency for Rentistas
$1,460 / month
1 year — 5 years
Yes
🇬🇩 Grenada
Citizenship by Investment Programme
$235,000 one-time
Permanent
Yes
Yes
🇬🇩 Grenada
Remote Work Permit
$37,000 / year
1 year — 2 years
Yes
Yes
🇬🇹 Guatemala
Permanent Residence for Rentistas or Pensioners
$1,250 / month
Permanent
Yes
Yes (5yr)
🇬🇹 Guatemala
Temporary Residence for Intellectuals, Researchers, and Scientists
1 year — 5 years
Yes
🇬🇹 Guatemala
Temporary Residence for Investors
$100,000 one-time
1 year — 5 years
Yes
🇬🇹 Guatemala
Temporary Residence for Self-Employed Workers
No minimum capital requir...
1 year — 5 years
Yes
🇬🇹 Guatemala
Temporary Residence for Workers with Foreign Employer
$2,000 / month
1 year — 5 years
Yes
Yes (5yr)
🇭🇳 Honduras
Investor Residency
$50,000 one-time
Permanent
Yes
Yes
🇭🇳 Honduras
Pensionado Residency
$1,500 / month
2 years — Permanent
Yes
Yes
🇭🇳 Honduras
Rentista Residency
$2,500 / month
2 years — Permanent
Yes
Yes
🇯🇲 Jamaica
Permanent Residence (Retirement)
No fixed minimum income t...
Permanent
Yes
Yes (5yr)
🇲🇶 Martinique
Talent Porteur de Projet — Business Creation
€30,000 one-time
4 years
Yes
🇲🇶 Martinique
Talent Porteur de Projet — Innovative Economic Project (French Tech Visa)
No minimum investment req...
4 years
Yes
🇲🇽 Mexico
Permanent Resident Visa for Retirees and Pensioners
$7,400 / month
Permanent
Yes
Yes (5yr)
🇲🇽 Mexico
Temporary Resident Visa by Economic Solvency
$4,432 / month
1 year — 4 years
Yes
No
🇲🇽 Mexico
Temporary Resident Visa for Investors
$299,000 one-time
1 year — 4 years
Yes
Yes (5yr)
🇲🇸 Montserrat
Permit of Economic Residence
EC$400,000 one-time
5 years
Yes
Yes
🇲🇸 Montserrat
Remote Employment Stamp
$70,000 / year
1 year
Yes
🇨🇼 Netherlands Antilles
@Home in Curacao
No official minimum incom...
6 months — 1 year
Yes
🇨🇼 Netherlands Antilles
Investor Permit
Cg. 500,000 one-time
3 years — Permanent
Yes
Yes (5yr)
🇨🇼 Netherlands Antilles
Rentier or Retired Residence Permit
ANG 3,000 / month
1 year
Yes
🇳🇮 Nicaragua
Investor Permanent Residence
$30,000 one-time
5 years
Yes
Yes (2yr)
🇳🇮 Nicaragua
Residencia Temporal Pensionado
$600 / month
1 year
Yes
🇳🇮 Nicaragua
Residencia Temporal Rentista
$750 / month
1 year
Yes
🇵🇦 Panama
Permanent Residence Permit for Retirees and Pensioners
$1,000 / month
Permanent
Yes
Yes (5yr)
🇵🇦 Panama
Professional Foreign Residence Permit
2 years — Permanent
Yes
Yes (5yr)
🇵🇦 Panama
Qualified Investor Permanent Residence
$300,000 one-time
Permanent
Yes
Yes (5yr)
🇵🇦 Panama
Short Stay Visa for Remote Workers
$3,000 / month
9 months — 18 months
No
No
🇰🇳 Saint Kitts and Nevis
Citizenship by Investment Programme
$250,000 one-time
Permanent
Yes
Yes
🇰🇳 Saint Kitts and Nevis
Temporary Residence Permit
No specific minimum incom...
6 months — 1 year
Yes
🇱🇨 Saint Lucia
Citizenship by Investment Programme
$240,000 one-time
Permanent
Yes
Yes
🇱🇨 Saint Lucia
Live It Extended Stay Program
No minimum income require...
1 year
Yes
No
🇵🇲 Saint Pierre and Miquelon
Visitor Temporary Residence Card
€1,443 / month
1 year
Yes
Yes (5yr)
🇹🇨 Turks and Caicos Islands
Independent Means Residence Permit
No fixed minimum. Must de...
1 year — 3 years
Yes
🇹🇨 Turks and Caicos Islands
Permanent Residence Certificate (Investment)
$300,000 one-time
Permanent
Yes
Yes
🇹🇨 Turks and Caicos Islands
Self-Employed Work Permit
No fixed minimum capital ...
1 year — 5 years
Yes
🇺🇸 United States
EB-1A Extraordinary Ability
Permanent
Yes
Yes (5yr)
🇺🇸 United States
EB-2 National Interest Waiver
Permanent
Yes
Yes (5yr)
🇺🇸 United States
EB-5 Immigrant Investor Program
$800,000 one-time
Permanent
Yes
Yes
🇺🇸 United States
International Entrepreneur Parole
$311,071 one-time
30 months — 5 years
Yes