Tourism, financial services, and real estate are the most important sectors.

According to the latest estimates of the International Monetary Fund, its per capita GDP (adjusted for purchasing power) is, at $28,381, just above the average of the European Union.

British Virgin Islands

These islands are situated between the Caribbean Sea and the North Atlantic Ocean to the east of Puerto Rico.

Adoption of a comprehensive insurance law in late 1994, which provides a blanket of confidentiality with regulated statutory gateways for investigation of criminal offenses, made the British Virgin Islands attractive to international business.

A KPMG report in 2000 indicated that the British Virgin Islands was home to approximately 41 per cent of the world's offshore companies.

A mosque in northern Cyprus is seen behind an abandoned house in Nicosia's buffer zone. | Photograph: Yiorgos Karahalis/Reuters

Also read: Interesting home loan options

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