U.S. Virgin Islands: America's Business Paradise
CHARLOTTE AMALIE, St. Thomas, U.S. Virgin Islands – May 22, 2013 - According to Percival E. Clouden, Chief Executive Officer of the V.I. Economic Development Authority, the U.S. Economic Development Administration (U.S. EDA) has approved the U.S. Virgin Islands application for investment assistance in the amount of $2 million to create a Disaster Revolving Loan Fund (DRLF) in the Territory.
Eligible Virgin Islands suppliers are licensed to do business in the U.S. Virgin Islands and have conducted business in the Territory for at least one year. Companies that receive EDC tax benefits are required to advertise twice a year for goods and services they will use on an ongoing basis and are encouraged to use eligible suppliers.
If you are interested in becoming an eligible supplier, fill out an application.
The Virgin Islands Economic Development Commission (“VIEDC”) offers a unique and attractive tax incentive program for companies locating in the USVI. This is a competitive off-shore tax benefit program that is sanctioned by the U.S. Government through an Act of Congress under the Internal Revenue Code. Below are the USVI key selling points: