The U.S. Virgin Islands Economic Development Commission (EDC) offers unique tax advantages to businesses that operate within the U.S. Virgin Islands. The wide range of businesses that are eligible for benefits including financial services, investment managers and advisors, high-tech developers and manufacturers, business and management consultants, hotels, and various other service and manufacturing firms. As a part of the long-term plan to maintain a robust and diversified economy in the U.S. Virgin Islands, qualifying businesses receive benefits including:
Attorneys at Kellerhals Ferguson Kroblin PLLC have been directly involved with the EDC Program and its governing agencies for over 30 years. Our core practice areas are devoted to assisting businesses both in qualifying for EDC incentives and in the details of relocating or expanding to the U.S. Virgin Islands. We offer decades of experience with the EDC regulatory process, local officials and regulators, and the U.S. Virgin Islands property and labor markets. Our tax practice, which is based both in the U.S. Virgin Islands and New York, is bolstered by years of input on the laws and regulations relevant to businesses and individuals involved in the EDC Program.
Our business services with respect to the EDC Program include: