RTPark Applications and Processes

The following PDF documents are available for download, depending on your interests (Acrobat Reader required to view):

RTPark Protected Cell Program (corporate tax incentives for Tenants and Strategic Partners)
Interested in RTPark tenancy with corporate tax incentives, including strategic partnerships? Download Protected Cell Summary Procedures.

RTPark Tenant-Only Program
Interested only in RTPark tenancy? Tenant Summary Procedures are a subset of the Protected Cell Summary Procedures; please contact RTPark for additional details.

RTPark Early Adopter Tenant Program
Certain startup businesses and prototyping activities may qualify for RTPark’s expedited early adopter program. This program does not include corporate tax incentives; additional information may be obtained by downloading Expedited Procedure for Early Adopter Tenants and RTPark Early Adopter Tenant Template Prototyping Plan.

Background Information Required of Applicants
All RTPark programs require background information from applicants. For more information, download Applicant Due Diligence Submittal.

Important Information Regarding the Roles of RTPark and EDA in Administering USVI Corporate Tax Incentives
For information on the division of responsibilities between RTPark and the USVI Economic Development Authority (EDA), see RTPark-EDA MOU and Agreement.

RTPark and EDA share responsibility for administering corporate tax incentive programs in the USVI, and our economic development programs offer these incentives for one purpose: to strengthen and diversify the economy of the USVI. The harmonization of our tax incentives to US Federal law relies upon your proper corporate stewardship as well as proactive steps by RTPark and EDA to monitor and assure compliance. The incentives offered by RTPark and EDA are very similar, but the mandates of each organization differ. RTPark is specifically tasked with fostering the development of a robust, globally competitive knowledge-based and network-connected economy in the USVI, and RTPark has invested significantly in making this possible. For this reason, RTPark’s specific authority encompasses “Knowledge-Based Businesses” as defined in law, and includes e-commerce and other network-driven businesses among others. For any such business, an application for corporate tax incentives must be made formally to RTPark, and not to EDA. In certain cases, RTPark may subsequently and solely determine to refer such business to EDA for consideration, but any such determination will be made only after a formal application is tendered to RTPark. Prospective applicants are specifically cautioned against joining an existing tax-incented business (e.g., as a partner) in the interests of expediency in order to gain access to corporate tax incentives. RTPark and EDA are required to scrutinize all partnership and ownership changes, and to verify that the business remains engaged in the same line of business following any change. Please notify RTPark or EDA immediately in the event that you have received conflicting advice from an existing tax-incented company or advisory firm.

Other Documents
Looking for information on RTPark Governance, including Bylaws and Guiding Principles? See the Governance page.

For more information on how RTPark’s corporate tax incentives are harmonized to US Federal law, including links to US Treasury regulations and independent Tax Opinion Letters, see the Other Reports page. From that page, you may also download copies of testimony presented by RTPark to the USVI Senate reporting material developments and supporting budget proposals for a given fiscal year.