Economic Development Commission
“Our Economic Development Commission benefits help qualifying companies reduce their taxes and increase their profits and rivals any benefits package across the globe.”
Governor John P. deJongh, Jr. Investing in the U.S. Virgin Islands means enjoying the protection of the U.S. flag and courts and the convenience of U.S. currency, while living in one of the most beautiful seaside locations in the world. If you are willing to invest at least $100,000 in a business or industry that advances the territory’s economic wellbeing, you could be eligible for extraordinary, long-term tax benefits through the Economic Development Commission, or the EDC. The EDC is a branch within the government’s Economic Development Authority. Qualified investors have the potential to enjoy… · 90% exemption on local income taxes · 90% exemption on dividends · 100% exemption on gross receipts taxes · 100% exemption on property taxes · 100% exemption on excise taxes · 1% Custom duties I will gladly provide you with names of local attorneys specializing in navigating the legalities of establishing yourself as an investor in the territory. Let me know if I can be of assistance:
340-690-9995 or email me, Barbara Birt, at: barbara@seaglassproperties.com Click on the following link for the government website that will provide details on qualifying for EDC benefits: www.usvieda.org |