It pays to play in St. Croix.
Considered an ideal destination, the U.S. Virgin Islands offers a place of rich history filled with a vibrant art and culture scene and an abundance of opportunities for sightseeing, shopping and relaxing. Our ceaseless trade winds keep average temperatures at a pleasant 80° and the diverse beauty of St. Croix, St. Thomas and St. John allows visitors to experience what is known today as America’s Paradise.
There are plenty of reasons why it makes sense to develop your project in St. Croix.
Generous Tax Advantages
The United States Virgin Islands Economic Development Authority offers a unique tax incentive program with generous benefits for qualified business development in the US Virgin Islands. Qualified businesses may be eligible for up to 90% reduction in corporate income tax, 90% reduction in personal income tax, and 100% exemption on business property tax. For more information about the Hotel Development Program and other incentives, visit the US Virgin Islands Economic Development Authority.
Convenience of the US Dollar
The accepted form of the currency in the USVI is the US dollar, making all monetary transactions very simple. Which means it couldn’t be any easier or more convenient for people to play in our wondrous paradise.
Distinction of St. Croix
St. Croix is a jewel in the Caribbean. A destination truly like no other, St. Croix has a charming way of capturing people’s imaginations – and hearts. If you want your next project to make a splash in the Caribbean, there’s no better place to develop it than St. Croix.