Are all business activities eligible for EDC tax benefits?
For purposes of USVI local law, eligible activities of EDC beneficiaries generally fall within several categories. [Note: this question does not address the additional source income requirements contained in the U.S. Federal tax laws.] Although the EDC has the authority to grant benefits to any business that will advance the economic well-being of the U.S. Virgin Islands and its people. Category IIA provides for the broadest scope of eligible activities. Eligible Activities for which an EDC beneficiary may receive benefits are: Category I: • Rum Production • Milk/Dairy Production • Watch and Jewelry Manufacturing and Assembly Category II: • Product Assembly, Manufacturing (other than Jewelry and Watch Manufacturing and Assembly) • Agriculture/Food Processing • Mariculture/Food Processing • Marine Industry • Raw Materials Processing • Hotels/Guesthouses • Transportation and Telecommunications Category IIA – Service Businesses including, but not limited to: • International Commercial Dis
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