U.S. Virgin Islands
U.S. Virgin Islands are a group of islands in the Caribbean that are an insular area of the United States. The islands are geographically part of the Virgin Islands archipelago and are located in the Leeward Islands of the Lesser Antilles. Tourism is the primary economic activity. The islands normally host 2 million visitors a year, many of whom visit on cruise ships.
Main features & Advantages
- USVI exempt companies pay no taxes on income from outside the United States and USVI
- EDC program (90% tax reduction for qualified businesses)
- Geographically isolated
- Complex paperwork to qualify for EDC program
- Jobs needs to be created for full advantage