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USVI Economic Development Commission (EDC) Tax Incentive Program
General · U.S. Virgin Islands Economic Development Authority - Economic Development Commission · VI
The USVI Economic Development Commission Tax Incentive Program offers qualifying businesses in the U.S. Virgin Islands up to a 90% reduction in income tax plus other tax exemptions, in exchange for meeting minimum investment and local-employment requirements.
The USVI Economic Development Commission (EDC) Tax Incentive Program is a territory-level incentive administered by the U.S. Virgin Islands Economic Development Authority. It is not a cash grant but a package of tax benefits designed to attract and retain qualifying businesses in the U.S. Virgin Islands.
Approved companies can receive up to a 90% reduction in corporate and personal income tax, along with exemptions on gross receipts tax, property tax, and excise tax. Customs duties are also reduced to 1% for qualifying imports. This combination of benefits is described as one of the more substantial tax-benefit packages available in U.S. jurisdictions, making it potentially significant for business owners considering operations or expansion in the territory.
To qualify, a company generally must invest at least $100,000 and employ at least 10 full-time USVI residents, though certain service-category businesses may qualify with as few as 5 local employees. This suggests the program is aimed at businesses with a real operational and employment footprint in the territory, rather than small home-based or sole-proprietor operations.
Because this is a tax incentive rather than a direct grant, the value to any individual business will depend on its tax liability and how it structures its USVI operations. The listing data does not specify exact deadlines or a fixed number of award rounds — applicants should check current rounds directly with the EDC. Business owners interested in this program should review the official source for the latest details on eligibility, application timing, and required documentation before applying.
Who qualifies
How to apply
Questions people ask
Is this a grant or a tax incentive?
It is a tax incentive package, not a cash grant, offering reductions and exemptions on several types of taxes.
Do I have to repay the benefit?
No repayment applies since it works through tax reductions and exemptions rather than a cash payment.
Who runs this program?
The U.S. Virgin Islands Economic Development Authority, through its Economic Development Commission, administers the program.
What states or territories are eligible?
Only businesses operating in the U.S. Virgin Islands (VI) are eligible.
How much is the benefit worth?
Approved companies can receive up to a 90% income-tax reduction, plus exemptions on gross receipts, property, and excise taxes, and a customs duty cut to 1%.
Is there a minimum investment required?
Yes, qualifying companies must invest at least $100,000.
How many employees do I need?
At least 10 full-time USVI residents, or 5 for certain service categories.
What is the application deadline?
The listing says to check current rounds; confirm at the official source.
Is this benefit taxable income?
Confirm at the source, as the data does not specify tax treatment of the benefit itself.
Where do I apply?
Applications and details are available at https://usvieda.org/tax-incentives/.
What type of businesses is this aimed at?
The listing category is general, but eligibility criteria suggest businesses capable of meaningful local investment and hiring.
Is this a one-time or ongoing benefit?
The data does not specify; confirm at the official source.
Opportunity number: not published. Source: curated + verified (official territory source, 2026). GetFundedUSA is independent and not affiliated with U.S. Virgin Islands Economic Development Authority - Economic Development Commission; always confirm current deadlines, amounts and eligibility on the sponsor's own page before applying.