New BVI national minimum wage announced
The new minimum basic wage is confirmed as US$7.25 per hour, representing an increase of US$1.25 per hour from the current rate of US$6.00. In accordance with the Labour Code, 2010, this rate must be paid by all BVI employers, with penalties due where an employer is convicted of not paying the rate.
Last year, the BVI Cabinet decided to implement an US$8.50 minimum hourly rate, which was due to take effect on 30 November 2024. However, following public feedback and concerns amongst employers about economic pressure, that plan was placed under review and the Government halted the implementation of an US$8.50 minimum basic wage.
The Premier, Dr. Natalio Wheatley, confirmed that the full US$8.50 would not be implemented immediately; there would be periodic reviews and phased increases of the national minimum wage, such as the increase to US$7.25 announced this week.
Moving forward, BVI employers should ensure that all employees are receiving at least US$7.25 per hour from 1 July 2025 in order to comply with the new Order.
The content of this article intends to provide a general guide to increased minimum basic wage. If you require further information on the increase, or you would like our assistance with your employment matters generally, please contact the authors for more details.
