Immigration is one of the primary concerns for anybody hoping to start working in British Virgin Islands. Permanent employees will find it easy to get their British Virgin Islands work permit because they’ll receive “sponsorship” for their entire stay from their prospective employer. The British Virgin Islander work permit is dependent on this sponsorship because it confirms that you’ll be earning money during your stay in the country. Contracting in British Virgin Islands is more difficult because the work permit is tied to one employer, so you have to change it to suit each new contract. Thankfully, umbrella companies provide a convenient and effective solution to this issue.
What is a British Virgin Islander Umbrella Company?
Umbrella companies in British Virgin Islands “employ” contractors, but don’t make any decisions about your workload, clients or anything to do with your day to day operation. They simply process your payments by billing and collecting money from your clients, calculating your taxes and sending you a net wage. This is equivalent to the PAYE (pay as you earn) system employed by many companies, and it makes handling your tax in British Virgin Islands a lot simpler. The fact that they technically become your employer helps you get your working visa in British Virgin Islands with minimal fuss.
How Can Umbrella Companies Help You Get a British Virgin Islands Work Permit?
As your permanent employer, umbrella companies are able to sponsor you for your British Virgin Islands work permit provided they’re on the register of approved sponsors. Many different companies offer this service, because it makes contracting in British Virgin Islands infinitely simpler and saves you the hassle of continuous paperwork. Instead of changing your work permit every time you get a new contract, you can just work how you ordinarily would under the same permit. They protect you from the bureaucratic “rain” of legal compliance with the British Virgin Islander immigration authorities. They can even deal with the British Virgin Islander Embassy directly.
Through their service you may be able to use a business visa to get started quickly and then transition to a work visa in British Virgin Islands. It depends on your specific British Virgin Islands visa requirements. Be aware you may have to register for a residence permit in British Virgin Islands.
Can Umbrella Companies Also Assist You with British Virgin Islands Taxation?
Some umbrella companies are specialists in the British Virgin Islander tax system. They constantly stay up to date with the legislation and ensure that you get to keep the biggest proportion of your earnings possible. The PAYE system is ideal for most workers because you don’t have to complete any paperwork (aside from submitting your timesheets to the umbrella company) or worry about your taxes in any way (you’ll receive documentation for your records, though). You have a team of experts ensuring that you’re paid promptly and the various requirements for tax in British Virgin Islands are met.
How We Help You with Contracting in British Virgin Islands
We work closely with numerous umbrella companies in British Virgin Islands and we have a thorough knowledge of the different services they provide - especially regarding immigration to British Virgin Islands. If you’re a business analyst, IT project manager, software developer, tester, telecommunications contractor or an oil and gas worker, we can help you get sponsorship for your work permit and keep more of your earnings by setting you up with an umbrella company. We’ll also answer any questions you have about British Virgin Islander visas or the country’s tax law, and we’ll contact the experts directly to guarantee 100 percent accurate advice. This all comes at no charge whatsoever to you and you’re not obligated to take on the services of any company. We’re just here to make your move as stress-free as possible.