St. Croix is more than just an ideal tourist destination in the Caribbean. Tourists can enjoy the many pristine beaches, the wonderful sunshine, the duty free shopping and many unique and intriguing historic sites and monuments. But this Island also offers an ideal location for doing business and maximizing your company's profits.
St. Croix, as one of the Islands comprising the U.S. Virgin Islands (U.S.V.I.), offers a unique tax incentive program for qualified businesses relocating to their shores. Through the Government of the U.S.Virgin Islands Economic Development Commission, qualifying businesses gain many advantages.
Goods manufactured in this U.S. Territory may gain duty free, quota-free entry into the United States. The product must be assembled from 70% or less of dutiable foreign materials and must be substantially transformed in the U.S.V.I.. The 30% value added requirement may include profit and overhead costs.
Some products made in the U.S.V.I., with as little as 10% direct processing cost, can qualify for duty free, quota free entry into the United States, and be labeled " Made in the USA."
Benefits and advantages for businesses that qualify under the Economic Development Commission can be up to:
1. 90% Reduction in Corporate Income Tax
2. 90% Reduction in Personal Income Tax
3. A reduction in custom duties from the standard 6% to 1%
4. 100% Exemption from Excise Tax Payments
5. 100% Exemption of Business Property Taxes
6. 100% Exemption on Gross Receipts Taxes
7. Tax Reduction on Royalty Income from software developed in the U.S.Virgin Islands, and sold to non-U.S. customers
8. Availability of Rental Space below market rates in both St. Croix and St. Thomas Industrial Parks
Some eligible businesses can be service ฝากขายคอนโด businesses, not limited to but including, Investment Managers and Advisors, Research and Development, Business and Management Consultants, Software Developers, E-Commerce businesses, Call Centers, High Tech Businesses, International Public Relations Firms, International Trading and Distribution, and any other businesses serving clients located outside the Virgin Islands.
Many financial investment firms have relocated their headquarters to St. Croix, and the other islands of St. Thomas and St.John, to take advantage of these many benefits.
Some other categories of eligible businesses are Marine Industry, Hotels/Guesthouses, Utilities, Health Care Facilities, Recreation Facilities, Insurance Companies, and Physicians Corporations.
There are many good reasons to buy property and relocate your business to St. Croix, U.S.V.I..
For more information on the Economic Development Commission:
Toll free phone number 1-800-432-USVI (8784)
Address: # 116 King Street, Frederiksted, St. Croix 00864 340-773-6499
ไม่มีความคิดเห็น:
แสดงความคิดเห็น