The United States Department of Treasury announced in 2018 that it has approved 14 neighborhoods on St. Thomas and St. Croix as Qualified Opportunity Zones eligible for U.S. tax breaks under the massive tax bill passed by Congress last December. The new federal tax incentives will strengthen and complement the benefits already available to companies and individuals under the Virgin Islands Economic Development Commission program. Click here for more details
St. Croix, USVI the Boyhood Home of Alexander Hamilton. An American Founding Father and the First US Treasury Secretary, Architect of the US Financial System and Founder of Bank of New York. Alexander Hamilton Opportunity Fund Coming Soon...
Enterprise Zones for Revitalizing Historic Areas
The Rehabilitation Tax Credit is offered to those who are committed to revitalizing the Territory’s rich cultural and economic areas, designated as Enterprise Zones. Through the Enterprise Zone Program, investors can be eligible for tax incentives and economic development benefits for working to improve historical communities throughout the U.S. Virgin Islands. Click here
The RTPark is an economic development organization operating under a legislative mandate and policy guidance from the University of the Virgin Islands (UVI) to develop a technology sector and strengthen the entrepreneurial ecosystem in the Territory. The RTPark’s business model leverages certain economic assets in the U.S. Virgin Islands to enable and sustain an environment that affords knowledge-based enterprises the operate in a favorable near-shore setting while remaining within the jurisdiction of the U.S. The RTPark is designed to provide a foundation for a robust, vital and growing technology sector, promote territorial prosperity and growth, broaden the academic and financial capabilities of the UVI, and play a leading role in workforce development to help produce a more highly-skilled and globally-competitive workforce. Click here
The Economic Development Commission (EDC) offers a unique and attractive tax incentive program for companies located in the USVI. This is a competitive offshore tax benefit program that is sanctioned by the U.S. Government. Click here
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