Premier and finance minister Andrew Fahie said the government was preparing "vigorously" for the step.
“The territory has two full months to prepare and we must get it right and we must get it done by all working together, both the government and private sector," he said.
The process would be underpinned, Fahie added, by "using science and technology as a guide".
To date, the BVIs have recorded fewer than 100 Covid cases and has been under lockdown or curfew since April.
Fahie said residents would do their part to continue suppressing the virus by adhering to social distancing and other measures.
The government is taking a phased approach to reopening its borders, which started in early June before being escalated at the start of September.
