A short ferry away to the east of Puerto Rico lays the beautiful island of Vieques. Together with smaller sister Culebra they are the Spanish Virgin Islands, not far from the US and British Virgin Islands.

Your business, once relocated to the U.S. Virgin Islands is totally exempt from three United States tax programs. The EDC program exempts your company from any real property taxes when that same real property is used in your USVI business. You’re also exempt from any tax on gross revenue, otherwise referred to as gross receipts taxes. Nor does your U.S. Virgin Islands have to pay any excise tax on any of its tools, building materials or other supplies that are to be used in the alteration, construction, redesign, reconstruction or extension of the premises where you conduct your business.