Skip to content

Agriculture is a small but critically important industry in the U.S. Virgin Islands. Agriculture is only a small portion of the territory’s gross domestic product (GDP); roughly 97 percent of our food is imported from elsewhere. This leaves the territory vulnerable to food shortages in case of any global food crisis. The government wants to

Most of the processes associated with starting a new business in the U.S. Virgin Islands are the same as those that would be used to start up a business in the continental United States. You must complete all the necessary startup steps in the proper order and be patient as the process progresses, but for

Virgin Islands attorney Tom Bolt, Managing Attorney of BoltNagi PC, has been appointed to the Uniform Law Commission’s Study Committee on Mitigation of Public Health Emergency Business Disruptions. The ULC study committee was formed in response to the COVID-19 pandemic crisis that closed the United States economy and the need for clear and consistent guidance

To our valued clients, partners, & community members:

As COVID-19 continues to affect the global community, we assure you that BoltNagi, its attorneys and staff shall remain fully operational. We are taking preventative measures to ensure the safety of our employees while continuing to provide services without disruption to our clients.

We want to update

The U.S. Virgin Islands Economic Development Authority has a variety of financing options in place to help entrepreneurs in the Territory start a new business or grow an existing one.

Here’s a quick overview of some of the available loan programs, administered by the VIEDA’s Economic Development Bank.

  • State Small Business Credit Initiative: The State

IRS Form 1023For nonprofit organizations, navigating the process of establishing tax-exempt status can be a challenging experience, but the benefits are more than worth the effort. Contributors being able to deduct donations from your taxes, being exempt from income and property taxes and having access to funding through grants, for example, are just a few of the

Does your company have confidential information? What about trade secrets? The concept of owning and protecting confidential information or trade secrets may not have occurred to most businesses. Yet, if you have a client list, pricing formula, particular device or pattern of installation, you have intellectual property worth protecting. This information is no less important to your business than your star employee or your brand name, and it deserves the same diligent protection.

In the U.S. Virgin Islands, a trade secret is considered to be information used in a business that is secret and gives a competitive advantage. It may be a formula, pattern or device, a compound, a manufacturing process, a pattern for a machine or a customer list.


Continue Reading Protecting Your “Trade Secrets” in the U.S. Virgin Islands

While the U.S. Virgin Islands’ bonds are still rated in junk status, there are some significant signs of improvement and glimmers of hope for economic recovery in the territory. The price of some of the Territory’s bonds has more than doubled since the end of 2017, thanks in large part to a boom in construction during the post-hurricane rebuild and the reopening of the St. Croix oil refinery. Now, economic experts in the Territory feel good about the growth in the local economy believe there is a positive future for the territory’s bond ratings.

Continue Reading Signs of Economic Improvement: USVI Bonds Pick Up