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Virgin Islands

List of incentives available in this location for quick easy reference below.

Incentives

Table key

  • Incentive offered
  • Incentive not offered
  • Did not submit information
Cash grants/incentives
Tax exemptionsMore [+]Less [-]
  • A 90% reduction in corporate income tax
  • A 90% reduction in personal income tax
  • A reduction of custom duty rate on raw materials and parts from 6% to 1%
  • 100% exemption from excise tax payments on raw materials and parts
  • 100% exemption from property and gross receipts taxes.
Property assistance / other fiscal incentiveMore [+]Less [-]
  • Investors can receive a 100% exemption on their business property taxes.
  • We also have an industrial park that provides secure office space for investors at a very attractive, below market value rate.
Training and labor market assistanceMore [+]Less [-]

Our tax incentive program works closely with our local Department of Labor to help identify the skills required for certain investors.

Loan guarantees, cheap loans or financeMore [+]Less [-]
  • Companies may qualify for a small very low interest loan through our Government Development Bank with is a unit of the V.I. Economic Development Authority.
  • In addition we encourage Tax Increment Financing projects.
Exemptions from regulations
Target sectorsMore [+]Less [-]
  1. Financial Services sectors
  2. Alternative/Renewable Energy
  3. Aviation/Maritime manufacturing
Sectors specific incentives

Sponsorship

If you are the authorised promotions agency for Virgin Islands and would like to have your location highlighted on fDi Atlas, you can contact our sales team on + 44 (0) 207 775 6667 or contact us here.