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Get to Know About British Indian Ocean Territory
British Indian Ocean Territory (BIOT) is located in the Indian Ocean south of Maldives. More precisely, it is situated between Indonesia and Tanzania. The territory has a collection of an estimated 1000 islands and islets. Majority of the islets are tiny, but if you add them all, the surface area is estimated to be 60 km2. The largest and the most southerly island is the Diego Garcia, which is estimated to be 27 km2 in surface size. It is a site for the joint military facility between the United Kingdom and the United States. Doing Business in British Indian Ocean Territory would be great if your business has got something to do with the military and research.
The Capital of British Indian Ocean Territory is Camp Justice situated in Diego Garcia. It is mainly a Military Camp. Construction projects and related services are the main businesses in the islands carried out by the contractors from Britain, Mauritius, the Philippines, and the United States. BIOT earns income by issuing a license to Commercial Fishermen of different nationalities.
The disadvantages of investing in a business in BIOT is the mere fact there are not many people there except the military and the contractors. The expansion of your business would be limited. Once the construction of military facilities is over, you don’t have any more business, or a reason to stay.