US Virgin Islands, a United States territory in the Caribbean, is strategically located near Puerto Rico and British Virgin Islands providing US flag protection in a paradise setting. Like me, I am sure many would have dreamed about moving to the Caribbean specially in bitter United States’ winters and Virgin Islans must have struck them as an ideal location to work and live.
Opening a small or medium size business in the Virgin Islands is not difficult. As a US citizen, one can easily move down to the islands and establish residency. However, if you wish to provide services locally you must consider a limited local population of about 100,000 and small economy as major factors since growth possibilities maybe limited. On the other hand, if you wish to manage your state side clients or your international business from the US Virgin Islands, you can expect to save taxes by becoming Virign Islands Economic Development Authority‘s benificiary.
Real estate is very expensive due to the limited land availability specially on the island of St. Thomas, the territorial Capital. Other factors of productions are readily available but are comparatively expensive than the mainland United States. Remember! You will need a separate business operating license from the Department of Licensing and Consumer Affairs along with some others from various government agencies.
Once you have crossed all the challenges, the reward is worth struggling for. Living in always shining place with beautiful beaches and nice breeze will make you forget all the hurdles you went through.
Its been a dream of many people to live and work in the Caribbean but lack of information about the job market has always kept many away from achieving their dream. US Virgin Islands is located in the Caribbean and being a US territory provides peace of mind to its residents with the same quality of Caribbean life one could imagine. For many years finding a job in the Virgin Islands was a daunting task with only limited level of ground resources available to the job applicants. In 2008, a leading technology company in the Virgin Islands, BIZVI launched a completely free job website, www.career.vi , providing free interaction between the job seekers and employers. In a short period of time, Career.VI became Virgin Islands leading job website with thousands of registered seekers and hundreds of employers posting hundreds of jobs. This has not only helped the local population in their job hunt, but also is providing as the premier resource to the people from all over the world to pursue their life’s dream of working and living in the Virgin Islands.
The 21st century has not only brought us to the age of rapid technological advancements but also in doing so, has made us an ever so integral part of the global village phenomenon. The powers that brought all four corners of the world together are constantly working to flatten the playing field through rapid information dissemination and sharing. The recent gas and food price hikes due to global demand and supply fluctuations have brought the Virgin Islands’ business and consumer sectors to the realization that re-invention is the only means left for survival in this globally charged scene.
For a long time, we learned and did business and lived our lives as an American territory, surrounded by the beautiful Caribbean Sea. The re-invention of Virgin Islands businesses now demands a diversified portfolio augmented with a long term comprehensive economic plan. Attention to export-based, small and medium enterprise can not only help to compliment our tourism sector but can also help advance our islands’ product branding capability in the international marketplace. Supported by an integrated global marketing campaign and synchronized public and private efforts, our local product- recognition worldwide can help to support and develop our island communities.
Re-inventing does not only stop with our support to the islands’ small and medium enterprise sector; it demands a higher level of commitment and planning to attract large businesses to the islands. Our capability to leverage our small and big successes will help us to attract more investment to the territory. The strategic location of our beautiful islands in the Caribbean and our affiliation with the United States offer incredible opportunities for economic growth. However, to gain maximum advantage we would have to think globally, effectively position ourselves not only as a tourist destination but also as an investment paradise for global businesses. In doing so, we would be increasing the awareness and existence of the Virgin Islands as a tourist and business hub, while at the same time, our efforts will be reaping the benefits in the form of foreign investment, national interest and an increase in the standard of living among our citizens. In any way that we look at this, planning for long term economic stability is a good idea. All that is required is the ability to understand the present and carefully plan for the future.
It goes without saying, such changes across the board do not happen over night; nor should the responsibility to bring about these long term changes be given to any one sector. To expect institutional changes, everyone from business owners to the government must play their role. We can all contribute by ensuring that the small acts we perform in our capacity, help to project the Virgin Islands forward. After all, the future prosperity of our islands will determine what we will leave for our children to inherit.
Job searching in the continental United States were made easy by the gigantic services of Monster, Career Builder, Hot Jobs and many other job searching portals. However, for decades job search in the Virgin Islands was highly dependant on the print media or the Virgin Islands Department of Labor. In 2008, BIZVI, a technology based business solutions provider, launhed Virgin Islands first Job Website, Career.VI. In a very short period of time this job portal became the most popular and the leading job website in the Virgin Islands capturing more than 90% of the market share. Now with thousands of registered job seekers and millions of visitors, Career.VI is the main resource for job search and hiring in the Virgin Islands.