Corporate Tax Incentives

The Economic Development Commission (EDC) designed unique and attractive tax incentives for qualified businesses in order to promote investment and growth in the territory. This applies to various industries like manufacturing, transportation, services, R&D or any
business that will advance the economic well-being of the Virgin Islands and its people.

This tax incentive program also makes the Virgin Islands an ideal place to relocate your business and has proven to be profitable times over.

Below are some of the benefits your business can reap if eligible for the EDC program:

• 90% reduction in corporate income tax
• 90% reduction in personal income tax
• 100% exemption on gross receipt tax
• 100% exemption on business property tax
• 100% exemption on excise tax payments
• Reduction in the customs duty from the standard 6% to 1%
• 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