At the RTPark, we go beyond traditional economic development to create opportunities that transform the U.S. Virgin Islands (USVI) into a thriving tech hub. We provide tailored programs, exceptional incentives, and strategic support to help businesses succeed while contributing to the economic and community development of the region.
Transformative Tax Incentives
As a Protected Cell Corporation and autonomous arm of the USVI Government, the RTPark offers unparalleled tax advantages that drive business growth and innovation.
Key Benefits for RTPark Clients:
- Up to 90% Reduction in corporate and individual income tax liability (for bona fide USVI residents).
- Withholding Tax Exemption: No tax on dividends, royalties, or interest paid outside the USVI.
- Gross Receipts Tax Exemption: Ease your operations without the added tax burden.
- Excise and Real Property Tax Exemptions: Significant savings on production and property costs.
- Customs Duties Reduction (1-6%): Lower costs on imported goods and materials.
These benefits empower businesses to thrive while fueling the economic transformation of the Virgin Islands.
Workforce Development: Talent for Tomorrow
The RTPark ensures access to a reliable, skilled talent pool by collaborating with the University of the Virgin Islands (UVI) and investing in workforce development programs like Professional Pathways and VI STEM Enrichment.
What We Offer:
- A diverse workforce skilled in technology, engineering, healthcare, arts, and more.
- Internship and training opportunities for UVI students and local youth to prepare for the evolving tech ecosystem.
- Collaboration with businesses to ensure a sustainable talent pipeline.
Real Estate Solutions: Flexible Office Space
Finding office space in the USVI can be challenging. The RTPark bridges the gap with modern, collaborative coworking spaces designed for growth and innovation.
The RTPark also offers in-house site selection services to assist businesses in finding the perfect location for their operations. Whether you're seeking temporary coworking spaces or a permanent facility, our team provides tailored support to meet your needs and ensure a seamless transition to the USVI.
Coworking Features Include:
- Open floor plans with modern desks.
- Shared conference rooms for team collaboration.
- Access to RTPark mentors and resources.
Our facilities, like the Accelerate VI Coworking Space, empower businesses to scale seamlessly.
University Partnership: Bridging Innovation
The RTPark’s strategic partnership with UVI creates opportunities for innovation, knowledge exchange, and community engagement.
Ways Clients Support UVI:
- Internships, fellowships, and volunteer opportunities for students.
- Scholarships and research projects with faculty involvement.
- Knowledge exchange programs and employment pipelines.
These initiatives not only foster innovation but also strengthen the local community, bridging academic excellence and business growth.
Impact: Building a Thriving Community
At the RTPark, success extends beyond business. Our clients actively contribute to the USVI community by:
- Supporting the design of UVI’s first medical school.
- Offering scholarships and funding STEM education programs.
- Participating in projects that enhance the quality of life for residents.
Discover the RTPark Advantage
Whether you’re a mature business, an ambitious startup, or an entrepreneur with bold ideas, the RTPark is your gateway to growth in the U.S. Virgin Islands.
Contact Matt Beadle, Director of Business Attraction, to learn more about how the RTPark can help your business thrive and contribute to the growth of the Virgin Islands.