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St. John - A U.S. Territory  As a U.S. territory, St. John enjoys all the freedoms and protections of the United States of America. Additional tax benefits to developing a business in the Virgin Islands include the Economic Development Commission (EDC), which can provide tax exemption incentives for local taxes and potential savings on income taxes as well. Favorite among tourists St. John has long been a favorite among tourists, and is a relatively easy destination to get to. St. John has world class beaches and is in the middle of one of the premier sailing and yachting destinations in the world, drawing avid sailors and multi-million dollar yachts to its waters. While St. John's history is steeped in the plantations that dotted its green hillsides, many of which have been preserved by the National Park, the island's economy today relies heavily on tourism. Fine restaurants, shopping and water activities help draw tourists to St. John. There are two established resorts on St. John, Caneel Bay and the Westin Resort, and a handful of small inns. Hundreds of privately owned vacation rental villas, many of them luxurious mansions, make up the vast majority of lodging on the island. Preserved forever Thanks to the generous contributions of Laurence Rockefeller and the establishment of the Virgin Islands National Park, much of St. John has been preserved forever. Donations made since Rockefeller's original contribution means about two-thirds of the 20 square mile island is now National Parkland, precious land that can never be developed. Limited development potential, the benefits of being a territory of the United States, the ease of accessibility, and the beauty of the Caribbean make St. John unique and Maho Bay presents an extraordinary development opportunity. |
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One of the last remaining privately owned beach front properties on St. John's North Shore is offered for sale.