(INDEPENDENT) — When Sir Richard Branson stood on a collection of man-made islands in the shape of the world off the coast of Dubai in 2006, and planted a British flag in the sand dressed in a flamboyant Union Flag suit, he said: “I stake my claim on England.”

Now it seems Britain’s best-known entrepreneur is quitting the country that has made him his fortune. The flamboyant businessman has moved permanently to the Caribbean island he bought in 1979 where he will continue his extensive charitable and philanthropic work.

Sir Richard’s spokesman confirmed that the entrepreneur had decided to live permanently on Necker Island in the British Virgin Islands (BVI), but denied that the decision was related to tax matters.

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