Economic Development Commission Tax Incentive Program

A Program Sanctioned By the U.S. Government

The Economic Development Commission (EDC) offers a unique and attractive tax incentive program for companies located in the USVI. This is a competitive offshore tax benefit program that is sanctioned by the U.S. Government. Below are some of the benefits your business can reap if eligible for the EDC program:

  • 90% reduction in corporate income tax
  • 90% reduction in personal income tax
  • 100% exemption on gross receipt tax
  • 100% exemption on business property tax
  • 100% exemption on excise tax payments
  • Reduction in the customs duty from the standard 6% to 1%
Learn more about the EDC program where you can find additional information on eligibilitybenefits and how they work and the application process.
You may also contact the EDC at 340-714-1700 on St. Thomas or at 340-773-6499 on St. Croix.
Click here to begin the EDC program application.
Click here for a list of current EDC beneficiaries.