USVI EDC program

[JohnnyDoe]

Anyone with experience and advice on it? The 2.31% tax rate is very appealing

 

[TheCryptoAnt]

https://www.usvieda.org/residents/grow/edc-tax-incentives/edc-eligibilityNot bad. Although you have to employ 10 locals.

No experience from my side sorry.
US banking is an option I can imagine, so it looks good if you can fulfill the requirements.

 

[Houdini]

Not bad. Although you have to employ 10 locals.

What would be the costs for such 10 locals? what use would you have for them?

 

[TheCryptoAnt]

What would be the costs for such 10 locals? what use would you have for them?

No idea really. I assume they'll be on the cheaper side of the American spectrum tho.

Not useful for me as Im a one man operation.

 

[JohnnyDoe]

what about dividends?