View all newsletters
Latest in Luxury - Sign up to our weekly newsletter
  1. Travel
  2. Travel News
August 8, 2008

Residences At Cabes Point Promote U.S. Virgin Islands’ Tax Benefits

By Pardhasaradhi Gonuguntla

ST. THOMAS, U.S.V.I. — The Residences at Cabes Point is promoting a program designed to encourage investment in the Territory via the Virgin Islands Economic Development Commission’s authority to grant tax exemptions to any business that will advance the economic well-being of the Virgin Islands and its people.

According to the developer, the door is open for everyone from financiers to farmers to apply for these tax benefits, which are typically granted once the company can prove it can meet fairly basic criteria such as committing to hire ten employees locally and invest at least $100,000 in the Virgin Islands economy.

The Residences at Cabes Point are presently in the reservations phase. Preconstruction prices range from $3.2 to $6 million for these luxury single family villas. They average 5700 SF, each with four bedrooms with ensuite baths, private plunge pool, garage and are either directly on the beach or terraced above with beach access. The community is gated, has a tennis court and beach club and a full time resident property manager.

Contact: or contact Jeyan Stout, Coldwell Banker/Preview Properties at 888.801.8784.

Content from our partners
A Taste of Europe with AmaWaterways
Elite Traveler Celebrates Stag's Leap Wine Cellars in Beverly Hills
Inside The Chateau, Nemacolin's Reimagined Centerpiece Hotel

Select and enter your email address Be the first to know about the latest in luxury lifestyle. Get the latest news on hotel openings and in-depth travel guides. Get insider access to exclusive promotions and special offers from our luxury partners.
Visit our privacy Policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thank you for subscribing to Elite Traveler.

Websites in our network