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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

Yearly requirements

All corporations must file an annual report with the Office of the Lieutenant Governor by June 30th of each year in order to retain their good standing to do business within the Virgin Islands. The Annual report is a standard form available from the Division of Corporations, and provides information on the corporation's current officers, registered agent, and address.

EDC program: If you establish a qualifying business and hire local employees, your business can be eligible for generous government tax incentives which will eliminate almost all income taxes,and local taxes for ten years or more. Official U.S. Virgin Islands Economic Development Authority.

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