
US Virgin Islands
A guide to help you understand the ins and outs of business in the US Virgin Islands
Overview
The US Virgin Islands (USVI) is an unincorporated Territory of the United States located approximately 1,100 miles southeast of Miami, Florida. Acquired from Denmark in 1917, the USVI is made up of the islands of St. Croix, St. John, St. Thomas and Water Island, plus numerous uninhabited cays, with a total population of just over 100,000. The USVI uses US currency, and no exchange controls exist. In 2017, the GDP of the US Virgin Islands was $3.855 billion. The USVI’s prime natural resources include pristine beaches, crystal clear seas, a mild year-round climate, the natural harbour on St. Thomas, the Virgin Islands National Park on St. John, and the rainforest on St. Croix. These assets, combined with the investment security of a US jurisdiction and a variety of federal and local incentives, have cemented tourism as the major local economic activity. The USVI has a growing number of consulting businesses and technology businesses that complement tourism through its specialised economic incentive programmes. The USVI also offers banks that are FDIC insured and coverage by the United States’ extensive network of bilateral investment treaties (but not tax treaties). The USVI has two federal judges and is part of the Third Circuit Court of Appeals.
Thank you to our valued sponsor
