You’ll be rather amazed at the Economic Development Commission tax incentives offered to investors who live on St. Croix USVI!
The United States Virgin Islands (USVI) is more than just an ideal tourism destination in the Caribbean with its pristine beaches, wonderful sunshine, great duty-free shopping, and intriguing historic monuments. It is also the ideal location for doing business and maximizing your company’s profits.
Benefits and advantages for businesses in the EDC program can be up to:
- 90% reduction in corporate income tax
- 90% reduction in personal income tax
- Reduction in the customs duty from the standard 6% to 1%
- 100% exemption on excise tax payments
- 100% exemption on business property tax
- 100% exemption on gross receipt tax
- Tax reduction on royalty income from software developed in the USVI and sold to non-US customers
- Availability of rental space at below market rates in the St. Croix and St. Thomas Industrial Parks
Learn more from the USVI EDC, then contact David Fedeles about finding the right investment Property on St. Croix!