Holiday Homes of St. John


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Economic Development Council (EDC)
HOLIDAY HOMES > ECONOMIC DEVELOPMENT COMMISSION

If you are thinking about starting a business, please contact the Industrial Development Commission at (340)774-8104 to obtain of the USVI Business Guide. This guide describes the tax and investment incentives available in the Virgin Islands. You may wish to contact one of the several attorneys who specialize in the qualification process: The Borrn Firm at (340)774-2501 or Marjorie Roberts at (340)776-4235.

Special economic and tax features are available in the U.S. Virgin Islands through the EDC. The list of benefits received by locating all or part of your business in the U.S. Virgin Islands is expansive:

  • 90% Exemption on Income Taxes
  • 90% Exemption on Corporate Dividends, S Corp or Partnership distributions
  • 100% Exemption on local Gross Receipts Taxes
  • 100% Exemption on Property Taxes
  • 100% Exemption on Excise Taxes
  • 1% Customs Duties; Initial benefits run 10 years and are renewable.

Qualifying businesses and requirements include:

  • Tourism-related facilities - hotels and guest houses, transportation services and selected recreation facilities.
  • Goods-producing businesses - manufacturers, agriculture, utilities.
  • Firms providing services to customers outside USVI - consulting, assembly, laboratories, distribution & trading, mail order, and certain repair services.
  • Initial investment of $100,000 (excluding inventory). Full-time employment for at least 10 residents of USVI.

For more information visit the EDC website.

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Holiday Homes of St. John Inc.
P. O. Box 40, Cruz Bay St. John USVI 00831
1-800-905-6824
The Marketplace (340) 776-6776  (340) 774-8088
Fax (340) 774-8042

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