Investment Opportunity
US Virgin Islands

The US Virgin Islands are one of the hot spots for investment in the Caribbean today and Residential Developments represent one of the best investment opportunities!

SCENIC RIDGE is a high quality residential sub division in the island of St. Croix US Virgin Islands. Comprising 145 acres it overlooks the famous Carambola Golf Course and is considered by many to be one of the most desirable locations in the US Virgin Islands.

ABOUT SCENIC RIDGE

Scenic Ridge comprises two phases of development.
In Phase I there are 40 improved 1/2 acre Lots.

In Phase II 25 acres have been retained as a green space . There are the remanents of some important historical buildings which could be developed as a separate tourist attraction.

Investment

For an investment of US$2.5 million the investor will get Title to the remaining land comprising not less than 80 acres.

Of the US$2.5 million US$500,000 would be used by the investor and the developer who is a well respected property developer in the Caribbean to establish a Development company to continue to build houses within the development. Such a company could attract Government incentives.

Return on Investment

Clear Title to property remaing to be sold
The land which remans to be sold has been valued in excess of US$3 million !

• Existing vacant Lots have been sold at US$35,000 for a 1/2 acre Lot
  
• Cost of building a house: approx US$115,000-US$120,000
  
• House plus land sold for: US$220,000-US$250,000

BENEFITS

The US Virgin Islands have a separate tax regime from the US. They also have a tax Treaty with the US, which is unique. A US citizen with permanent residence in the US Virgin Islands would not have to pay tax in the US on this investment. There are tax concessions offered to permanent residents and many incentives are available which could mitigate taxes by up to 90%. See www.usvieda.org

Each investor must seek independent advice on their tax position.

For more details, please contact us at:

Safe Haven Offshore Ltd.
Leopold House
Bayfront
PO Box 21
Roseau
Commonwealth of Dominica
Telephone (767) 448 3394/5718
Fax (767) 448 5338
E-mail: safehaven@cwdom.dm

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DISCLAIMER

Safe Haven Offshore Ltd has taken all reasonable care to ensure that the information provided on its site is accurate. However, all decisions are the responsibility of the client and you must ensure that you have taken appropriate legal and/or tax advice in your home jurisdiction. Safe Haven shall not be liable for any loss or liability howsoever arising from any decision so taken.