usvieda.org Start/Grow/ Relocate Your Business U.S. Virgin Islands : Economic Development Authority

Name of the Organization : Economic Development Authority
Type of Facility : Start/Grow/ Relocate Your Business
Country : United States Virgin Islands

Website : http://www.usvieda.org/quick-access
Forms & Applications: https://www.usvieda.org/

Start/Grow/ Relocate Your Business :

So you have a great business idea and need to get started ? The U.S. Virgin Islands is a great place to start your business.

Related : Economic Development Authority EDC Tax Incentives Application U.S. Virgin Islands : www.statusin.org/8169.html

The Virgin Islands Economic Development Authority has resources to develop entrepreneurs across various industries and stages of business with access to information and financing.

Our unique tax incentives offer qualified businesses a reduction in up to 90% of personal and corporate income taxes and up to a 100% exemption on excise, business property, and gross receipt taxes. The University of the Virgin Islands’ Small Business Development Center can also help to provide training and other resources to develop and grow your business.

To get started:
** Create a business plan
** Register your trade name and/or corporation with the Office of the Lieutentant Governor
** Select a good location and obtain a copy of an unsigned lease or letter of intent from the owner
** Obtain a business license from the V.I. Department of Licensing and Consumer Affairs (DLCA)

Licensing & Permits:
To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licening and Consumer Affairs (DLCA). DLCA will complete the “One Step” review process with the following government agencies:
** Police Department
** VI Bureau of Internal Revenue (tax clearance)
** Department of Planning and Natural Resources (zoning)
** VI Fire Service
** Department of Health (food related businesses)

Depending on the type of business, you may also be required to obtain permits, clearances, or board certifications before a business license will be issued. Review the steps for obtaining a license on the DLCA website.

Corporations or any business that requires a trade name must first contact the Division of Corporations & Trademarks at the Office of the Lieutenant Governor before applying for a business license.

Grow a Business:
Congratulations! You’ve got your business up and running. As you look to the future, the Virgin Islands Economic Development Authority can help you with plans to grow and expand your business. We offer attractive financing options and business development support to help make your business a continued success.

Qualified businesses are eligible for unique tax incentives including a reduction of up to 90% of personal and corporate income taxes and up to a 100% exemption on exise, business property, and gross receipt taxes.

Relocate a Business:
The United States Virgin Islands is the ideal location for doing business and maximizing your company’s profits. We offer a very unique tax incentives program for qualified businesses relocating to our shores through the Economic Development Commission, or the EDC program.

Qualified businesses are eligible for a reduction of up to 90% of personal and corporate income taxes and up to a 100% exemption on excise, business property, and gross receipt taxes.

Our pristine beaches, wonderful sunshine, great duty-free shopping, intriguing historic monuments, and protection of the U.S. flag and U.S. courts combine to make our islands the ideal destination. Read Why the USVI, take a look at the what you could save through the EDC program, and then contact us.

We are ready to welcome you and help you get started.

Contact Us:
St. Thomas:
8000 Nisky Shopping Center
Suite 620
St. Thomas, VI 00802
(340) 714-1700
P.O. Box 305038
St. Thomas, VI 00802

St. Croix:
116 King Street
Frederiksted, VI 00840
(340) 773-6499