US Virgin Islands Economic Development Commission (EDC) Tax Incentives
Base a qualifying business in St. Thomas, St. Croix or St. John and keep far more of its e…
Record checked Oct 27, 2026 · official source confirmed 14 Nov, 06:01 UTC
Summary
The USVI Economic Development Authority's EDC programme gives approved businesses that set up in the territory a 90% reduction in corporate and personal income tax on eligible income, plus exemptions on key business costs and reduced customs duty.
Dream spread
Base a qualifying business in St. Thomas, St. Croix or St. John and keep far more of its earnings.
Relocation reality check
A business programme, not a personal relocation grant: you must invest at least $100,000 (excluding inventory) and employ at least ten full-time USVI residents who have lived there for a year or more (five for designated service businesses), pay a $1,500-$7,500 application fee, go through board approval and meet ongoing compliance. Benefits apply to approved business income, not to all personal income. Living in the USVI requires US status or a US visa.
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Eligibility
Actual investors in an enterprise that advances the territory's economy, meeting the minimum investment and local-employment requirements for their category, approved by the VIEDC Governing Board.
Costs & money
The amounts & terms on record from the official source. USD figures are estimates.
- Property purchase
- Not required
- Tax
- Official site: "90% Reduction in corporate Tax", "90% Reduction in Personal Income Tax", "100% Tax Exemptions on Key Business Costs", customs duty cut from 6% to 1%. Federal rules on bona fide USVI residence and US-source income also apply.
True cost to move
Upfront cash, reimbursements, and net position after approval — not headline incentive amounts.
- Flights & logistics$1,200
- Temporary housing (90 days)$2,400
- Deposit / first month rent$2,000
- Visa & consular fees$500
- Health insurance$600
Application roadmap
A practical sequence — adjust for your consulate and timeline.
1. Confirm official eligibility
Read the primary government source.
2. Gather income & employment proof
Bank statements, contracts, or tax records.
3. Book consulate / immigration appointment
Slots vary by country and season.
4. Prepare health coverage
Meet minimum coverage rules before arrival.
Meet people before you go
We are still curating 🇻🇮 United States Virgin Islands-specific communities. Meanwhile, these global boards answer relocation questions every day.
Communities being curated — start with r/expats meanwhile
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Source trail
We could not fully confirm the key figures against the official source. Check it yourself before relying on them.
“usvieda.org: "90% Reduction in Personal Income Tax"; eligibility: minimum investment of $100,000 (excluding inventory) and at least ten full-time USVI residents employed.”
Primary official sourceLast checked Oct 27, 2026- Secondary referenceLast checked Oct 27, 2026
Rule changes
CasaSedora last checked the official source on 14 Nov 2026. Changes appear here once two independent automated checks agree on them, or a person confirms them.
No rule changes recorded since monitoring began.
Our summaries point you to what moved — always confirm details on the official source.