U.S. Virgin Islands Economic & Tax Incentives

• Up to 17% transferable tax credit
• Up to 29% cash rebate
• Minimum spend: $250,000
• 20%+ local resident hires including interns
• Community involvement: e.g., speaking engagements
• Proper credits: “Made in the USVI” acknowledgement

Leverage strategic port and airport access on St. Croix. Businesses enjoy 100% exemptions on customs, excise, gross receipts, and property tax within this industrial development zone.

Use hotel/casino tax revenue to repay project financing. 80% of hires must be USVI residents, with additional management roles filled locally by year 3. Requires all licenses and permits.

Designed to revitalize historic towns (e.g., Christiansted, Frederiksted, Savanne, Up Street). Includes regulatory relief and tax benefits for investment and redevelopment.

TIF lets developers finance public infrastructure (roads, drainage, utilities, etc.) using projected future tax revenue. Enables large-scale development without upfront public costs.

Defer capital gains tax by reinvesting in “like-kind” property. Must follow IRS rules: 45-day ID period, 180-day closing period, and use of a Qualified Intermediary.

Approved USVI zones allow 10–15% federal capital gains tax reduction and 100% exemption on appreciated gains after 7 years. Federal support aims to accelerate economic development.

The USVI is exempt from the Jones Act. Businesses may use foreign-flag vessels for domestic shipping routes—greatly lowering logistics costs and increasing flexibility.