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USVI Economic Development Commission Building

USVI Tax Incentives & The Economic Development Commission

The U.S. Virgin Islands Economic Development Commission (EDC) offers unique tax advantages to businesses that operate within the U.S. Virgin Islands. The wide range of businesses eligible for benefits includes financial services, investment managers and advisors, high-tech developers and manufacturers, business and management consultants, hotels, and various other service and manufacturing firms. As a part of the long-term plan to maintain a robust and diversified economy in the U.S. Virgin Islands, qualifying businesses receive benefits including:

  • up to 90% reduction in corporate and personal income tax;
  • 100% exemption on other taxes, including business property and gross receipt taxes;
  • U.S. currency, courts, and flag protection;
  • rental space at below-market rates in sponsored industrial parks.

The Economic Development Commission (EDC) was founded to promote the growth, development, and diversification of the United States Virgin Islands economy.  The EDC is working to develop the human and economic resources of the Territory, preserve job opportunities for residents of the U.S. Virgin Islands, and promote capital growth to support economic development.

“We moved our headquarters from the mainland to the territory five years ago,” said Claire Starkey, President of Fintrac Inc., “and find the combination of tax benefits, location, labor, and lifestyle unbeatable. Our offices are in a beautifully renovated historic warehouse in downtown Charlotte Amalie - five minutes from the airport! That ease of travel, plus excellent telecommunications, were important factors in our relocation decision because we manage multi-year agricultural development programs across three continents.” as excerpted from

Are you interested in relocating your business to the USVI? Contact Us Today!


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