Requirements | Small Business | Regular Program | |
---|---|---|---|
Investment | · $1,000,000 and under | · At least $20,000 | Minimum $100,000 |
· $1,000,001 - $1,500,000 | · At least $30,000 | ||
· $1,500,001 - $2,500,000 | · At least $40,000 | ||
· $2,500,001 - $3,000,000 | · At least $50,000 | ||
· $3,000,001 - $4,000,000 | · At least $60,000 | ||
Employment | · $1,000,000 and under | · At least 2 Full-time | Minimum 10 Full-time or Minimum 5 Full-time for DSB Financial Service Businesses |
· $1,000,001 - $1,500,000 | · At least 3 Full-time | ||
· $1,500,001 - $2,500,000 | · At least 4 Full-time | ||
· $2,500,001 - $3,000,000 | · At least 5 Full-time | ||
· $3,000,001 - $4,000,000 | · Not more than 50 FT | ||
Act 7279 | Hire one VI Resident for every $1mil of net income prior to salaries | Not Applicable | |
Fees | VIC §708a | Not Applicable | Applicaton, Activation & Annual Compliance |
Employee Benefit Plan | VIC §708q | Not Applicable | Health & Retirement Benefits |
Territorial Scholarship Fund | VIC §708m | Not Applicable | at least $10,000 Annually |
Home Ownership | Act 7279 | Purchase or Build a home within 18 months of benefits | Not Applicable |