May 18, 2024

In House Innovates

In House Innovates

Unwind and Invest in Paradise: Discover Tortola’s Allure

Tortola, the largest of the British Virgin Islands, attracts tourists and homebuyers with its natural beauty and cultural energy. Tortola real estate expert Smiths Gore can guide you through several housing alternatives, providing valuable insights to help you make a smart decision. The island has properties for every lifestyle, from lovely coastal cottages to opulent hilltop homes. Tortola is ready to fulfil your island life dreams, whether you want to wake up to waves lapping against the shore or see the Caribbean sunset.

Things to do in Tortola

Sage Mountain National Park hike

This first British Virgin Islands national park offers 12 circular pathways through Tortola’s native forest. Sage Mountain is the tallest U.S. and British Virgin Islands peak at 1,716 feet, making Tortola a great hiking destination. This is a good place to stretch your legs or escape the beaches.

Unwind at Cane Garden Bay Beach

Swimming, sunbathing, and watersports are popular at Cane Garden Bay Beach, one of the Caribbean’s best. This is a nice area for a relaxed beach day with activities and drinks.

Norman Island Snorkeling

Norman Island, south of Tortola, is a great snorkeling spot with some of the region’s best aquatic fauna. Three cliffside caves along the western harbor offer amazing snorkeling with schools of colorful tropical fish.

Walk the J.R. O’Neal Botanical Garden

The park’s fountain and flower-adorned pergolas will captivate you as you arrive through the avenue of palms. Orchids, flowers, and a tiny rainforest are further features. Visit the pond, waterfall, tropical birdhouses, and nursery gardens with endangered plants and animals.

Tortola real estate market

A Strong Economy

The BVI has one of the Caribbean’s most prosperous economies because of its financial services and tourism industries. Tortola has risen despite global recessions, depressions, endemics, and wars. Company incorporation and administrative costs are low, firms are operationally flexible, and corporate governance can be tailored to structure.

Low-tax regime

Long called a “tax haven,” the BVI is a low-tax state on the OECD “whitelist” due to its strong tax transparency and regulatory and compliance requirements. The BVI exempts individuals, corporations, and income taxes. No withholding, sales, value-added, capital gains, transfers, estate duty, inheritance, or succession taxes apply. When buying land or a home, investors pay a one-time Stamp Duty of 12% of the property value to the government. Accessibility

Access to Tortola is becoming easier despite its remoteness. American Airlines began direct flights from Miami to Tortola’s Terrance B. Lettsome International Airport in June 2023. All other BVI flights connect through Puerto Rico, St. Thomas, Antigua, and St. Martin, with each airport improving to improve travel and transit.

Summer Never Ends

At least ten months a year, Tortola has near-perfect weather. Trade winds blow irregularly practically year-round, tempering the tropical rainforest environment. Unlike the Bahamas, the sea is warm enough to swim year-round yet never too warm to be refreshing. Annual rainfall is 45 inches, with September–November being the wettest.

 Life Quality

With year-round sunshine, mild waters, and regular circumstances, life is mostly salt water and fresh air. Visitors and residents can enjoy exceptional sailing, boating, fishing, diving, snorkeling, kitesurfing, paddleboarding, and more. The archipelago’s islands are close, making line-of-sight boating safe for novices and experts.