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CORPORATE TAX PROGRAMS

USVI RTPark

The USVI Research & Technology Park (RTPark) is an economic development program dedicated to technology, research, digital services, professional services, and knowledge-based industries. It is closely aligned with the University of the Virgin Islands and operates with a flexible membership model designed to attract innovative businesses. This guide outlines eligibility, tax benefits, qualifying industries, compliance requirements, timelines, and the unique UVI connection that differentiates the RT Park program.

The University of the Virgin Islands (UVI) Connection

A core component of the RTPark is its partnership with the University of the Virgin Islands. The UVI partnership makes the RTPark uniquely positioned to support innovation and knowledge-based growth.

This collaboration supports:

  • Workforce development
  • Student internships
  • Research initiatives
  • Technology transfer
  • Curriculum alignment with modern tech fields
  • STEM career pathways for local students
  • Access to academic resources for participating companies

Get a broad understanding of USVI tax benefits.

Will your business qualify?

RTPark Eligibility

Companies applying for membership must demonstrate how they strengthen the territory’s emerging tech and innovation ecosystem.

Companies in the USVI RTPark Program Should:

  • Operate in a technology, digital services, research, or knowledge-based industry
  • Provide services primarily to clients outside the USVI
  • Maintain a physical presence or operational footprint in the territory
  • Support workforce development or training initiatives
  • Demonstrate long term business stability
  • Align with the RTPark’s mission of innovation and economic diversification

Business Categories that Qualify:

The program is designed to strengthen technology careers and innovation across the territory. Businesses best suited for the RTPark program include those in:

    • Technology and information services
    • Research and applied sciences
    • Professional consulting using digital infrastructure
    • Data-driven industries
    • Fintech and compliance technology
    • Online learning systems
    • STEM related development
    • Digital marketing and analytics
    • Innovation and emerging tech sectors

    If this doesn’t sound like your business, you may be a better fit for the USVI EDC Program.

WHAT ARE THE SAVINGS?

Tax Reduction Percentages

The exact percentages are defined in the membership agreement and vary by company type and operational scope.

RTPark members may receive substantial tax incentives that often include:

  • Significant reductions in corporate income tax
  • Reduced personal income tax for qualifying business owners
  • Reduced customs duties
  • Adjusted gross receipts requirements where applicable
  • Potential exemptions negotiated based on business activity

RTPARK RULES

Audit & Compliance

Effective compliance ensures transparency and the longevity of program benefits. RT Park compliance requirements include:

  • Annual reporting and operational updates
  • Demonstration of local presence
  • Workforce development or internship participation
  • Documentation of business activity and revenue sources
  • Maintenance of accurate financial and tax records
  • Ongoing communication with RTPark administrators

HOW LONG IS THE PROCESS?

RTPark Application Timeline

Timelines vary from several weeks to several months depending on readiness. RTPark applications progress through:

  1. Initial discussion with program leadership
  2. Submission of project overview and business summary
  3. Negotiation of benefit structure and membership terms
  4. Board review and approval
  5. Membership agreement execution
  6. Onboarding and compliance setup

    WHAT ARE THE COSTS?

    RTPark Fees

    Exact costs depend on company size, scope of operations, and agreement terms. Membership involves:

    • Application fee
    • Annual membership fee
    • Professional advisory fees (legal, accounting, corporate services)

    Is YOUR BUSINESS A FIT?

    Discover if the U.S. Virgin Islands Tax Incentive Programs Are the Right Fit for You

    Answer a few quick questions to see whether your business, income type, and lifestyle align with the requirements of the USVI Economic Development corporate tax programs.

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