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About the U.S. Virgin Islands The U.S.Virgin Islands is a unique jurisdiction under the U.S. flag. It is a U.S. territory, comprised of the main islands of St Croix, St. John, St. Thomas and Water Island. The Territory is located 60 miles east of Puerto Rico, less than 4 hours flying time from New York and 3 hours from Miami. The U.S.V.I. is English-speaking and was formerly owned by Denmark for over two centuries. The U.S.V.I. was purchased from Denmark in 1917. The unique and favorable tax laws enacted by the U.S. Congress combined with the economic development legislation passed by the Virgin Islands Legislature provides a financial services jurisdiction offering a wide variety of benefits with the distinct attraction of operating under the protection of the U.S. flag. Some of these benefits are the use of U.S. currency, U.S. court system and immigration laws, U.S. regulated banks, the absence of exchange controls and the availability of international telecommunications and active deep-water ports. The constitutional status of the U.S. Virgin Islands is that of an unincorporated territory of the United States whose residents are U.S. citizens. The Federal government regards the U.S. Virgin Islands as a separate tax jurisdiction for tax and customs duty purposes. Special shipping provisions also apply to products manufactured or produced in the U.S.V.I. Triangle
Corporate Services
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