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The Virgin Islands Advantage




The United States and Virgin Islands governments provide generous tax benefits for qualified business development in the U.S. Virgin Islands. We refer to these programs collectively as “The VI Advantage.” Our professional staff understands the policy behind the laws that permit significant tax credits designed to support economic growth in our nation’s territories. As government employees, we regulated these programs. As private attorneys, we have drafted many of the laws that enhance these tax advantaged programs.
 
Businesses interested in relocating to the USVI can achieve up to a 90% reduction in their income tax burden for qualified business activities. Our staff will guide you through the application process and then help you manage the complex rules that govern the businesses that participate in these programs.
 
Our firm brings a unique experience set to our representation of major resort developments in the Caribbean. Mr. McChain, who holds a CPA license, has a prior history of auditing large scale commercial entities and non-profit organizations. Mr. Nissman was a CEO of a major lending and development company prior to entering the private practice of law. Their varied business backgrounds provide practical insight and added value to their business clients.
 
Through the representation of several hotel developments in the Virgin Islands, the firm is uniquely qualified to assist clients with obtaining casino benefits under the Virgin Islands Casino Statute. Title 32 Virgin Islands Code, Section 401 et seq.
 
The firm has also represented an Indian Tribe in its efforts to obtain federal tribal status. This representation was tied to a major real estate development project in California.
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The Arkansas Offices of McChain Miller Nissman
10809 Executive Center Dr. Suite 320
Little Rock, AR 72211
Phone: (800) 827-7784
www.ilparkansas.com
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