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By locating your business or part of your business in the United States Virgin Islands, you may be eligible to apply for tax benefits and receive a substantial reduction in or exemption from your business and personal taxes. By engaging in light manufacturing and service businesses such as high-technology assembly plants, pharmaceuticals corporations, agriculture & aqua-culture related firms, financial services, and hotels (casino), you can qualify for the Economic Development Program.
Imagine the Advantages
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Your company receiving:
- 90% Exemption on local Income Taxes
- 90% Exemption on Dividends
- 100% Exemption on Gross Receipts Taxes
- 100% Exemption Property Taxes
- 100% Exemption on Excise Taxes
- 1% Custom Duties
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Imagine the Islands
- Educated Labor force
- US Currency, courts and flag protection
- Easy air access to and from the United States, South America, Europe and other Caribbean Islands
- World class telecommunications
- Made in USA labeling
- Duty free, quota free exporting of USVI made goods into the United States
- Immigration advantages
- Shipping advantages
- No exchange controls
- Availability of prime rental space
- You will reap the generous benefits of an administration committed to economic development and enjoy a business climate that is second to none. Not to mention the opportunity to live in a tropical paradise visited by two million vacationers every year.
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