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Start a business

Start Your Business Journey

Embarking on a business venture in the US Virgin Islands demands meticulous planning. Assessing feasibility ensures market viability. Incorporation involves registration with local authorities. Choosing an ideal location and securing a lease are pivotal steps in this endeavor.

  • Create a business plan.
  • Assess the feasibility of the plan through market research to evaluate the market demand and your chance of success. To properly conduct this research, companies should use primary data (industry professionals, prospects, and the USVIEDA) and secondary data sources (news articles, universities, etc.) to estimate the demand for your products and services.
  • Incorporate your business by registering with the Office of the Lieutenant Governor 
  • Select a good location and obtain a copy of an unsigned lease or letter of intent from the owner
  • Review the business readiness checklist from VI SBDC here

 

Technical Assistance and Consulting through the Incubator Program

Guidance and Support to Elevate Your Business Journey

USVIEDA’s partners are committed to seeing your business grow

The Virgin Islands Small Business Development Center is the number one resource for entrepreneurs and small businesses in the territory. Through a network of locations on St. Croix, St. Thomas, and St. John, the VI SBDC provides one-on-one advising, training, and information resources to help your business start, grow and succeed.

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How the Economic Development Authority
Can Help You

Unlock new horizons within the US Virgin Islands with the business potential our territory offers with the help of the USVI Economic Development Authority.
With tailored tax programs, incentives, financing options and more.

Learn more
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FAQS

St. Croix

340-773-6499
116 King Street
Frederiksted, VI 00840

St. Thomas/St. John

340-714-1700
8000 Nisky Shopping Center, Suite 620
St. Thomas, VI 00802

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The Virgin Islands Economic Development Authority is an equal opportunity provider, employer, and lender.