EDC eBusiness Solutions

The US Virgin Islands provide a unique environment in which technology based companies can undertake research, development, testing and commercialization of intellectual property and provide e-Business services to clients on a global basis under the protection of US intellectual property laws, within an unparalleled beneficial tax structure that is available in the USVI.

IRS Has Specifically Approved EDC Tax Benefits for e-Businesses domiciled in the US Virgin Islands!

In 2006, the United States Internal Revenue Service issued a most valuable determination to the United States Virgin Islands Economic Development Program regarding software developers and companies. In August, 2006, IRS Notice 2006-76 was issued in which the IRS specifically authorizes the use of the USVI EDC program by software companies. Key clarifications pertinent to Knowledge-Based Businesses were published in final Treasury Regulations promulgated under Internal Revenue Code §937(b) in April, 2008, which speak specifically to certain e-Business and IT-related business models. These approvals by the IRS allow the US Virgin Islands to offer e-Businesses an unparalleled opportunity to execute their business model in an incredibly tax-advantaged way.

The US Virgin Islands offer an attractive alternative for technology and knowledge-based businesses that are considering domiciling in an offshore jurisdiction in search of a more cost-effective environment which offers business incentives, reduced regulation and cost efficiencies for the commercialization of intellectual property and the conduct of e-Business.

Organization of Economic Co-operation and Development (OECD)

Domiciling in the US Virgin Islands also allows an e-Business company to effectively connect their income to an OECD 'white listed' jurisdiction that provides effective exchange of information and full transparency.

Qualifying e-Businesses

• e-Commerce Companies
• e-Learning Companies
• Software Providers
• Online Service Providers
• Domain Name Registration Companies
• Digital Content Providers
• Streaming Content Providers
• Software as a Service Providers (SaaS)
• CRM Providers
• Universities with Distance education programs
• Online Dating Services
• Online Advertisers
• and many more

Compelling Benefits of e-Business domiciled in the U.S. Virgin Islands

• US Jurisdiction subject to US intellectual property and trademark laws
• Use Data Centers and services of your choice located anywhere outside US borders, such as:
  • US Virgin Islands
  • Puerto Rico
  • British Virgin Islands
  • Bahamas
  • Canada
  • Caymans
  • Panama
  • Europe
  • Asia
  • Latin America
  • Where ever your market is best served!

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For additional information about Clearwater Consulting Concepts services, call (340) 775-2888 or allow us to contact you by completing our web form.