4% Corporate Tax Rate Legally Available in the U.S. Virgin Islands
By Ron Cohen, CPA, MST
Partner
Greenstein, Rogoff, Olsen & Co., LLP
We are working with a number of clients to establish or move technology businesses from the U.S. to the U.S. Virgin Islands. (“USVI”)
There are very substantial tax benefits. Unlike other tax havens, the tax system in the U.S. Virgin Islands is in complete alignment with
U.S. tax laws.
The U.S. Congress allows significantly lower taxes in this U.S. territory as a means to foster investment and job creation in the USVI and taxpayers can
rely on IRS regulations and rulings regarding transfer pricing.
We would be happy to work with you to evaluate if your business is a good candidate for the USVI and can help you with the
implementation process.
Please call GROCO and Ron Cohen at (510) 797 8661 x237.
Links:
General Information about the Research & Technology Park:
http://www.uvirtpark.com/why-UVI.php
Tax Savings and Capital Preservation and businesses that qualify:
http://www.ecommerceisland.com/index/tax-savings-capital-preservation
RTPark Applications and Processes
http://www.uvirtpark.com/applications.php
United States Virgin Islands Economic Development Authority
http://www.usvieda.org/
This is Eric Ryan Opinion Letter to RT Park. It confirms the U.S. tax law treatment.
http://www.uvirtpark.com/pdf/081218%20RTPark%20DLA%20Piper%20Opinionxx.pdf
Good local law firm to work with in the USVI.
http://www.marjorierobertspc.com/
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