Application Process

Applying for membership of the RTPark program and network involves a series of stages and is designed to be fully processed within a three-month time period.

Stage 1: Screening and Pre-Application

The purpose of this stage is to provide a clear explanation of the mandate of the RTPark program, description of the incentive program and its evaluation criteria. Prospective companies engage in enquiry and screening conversations and timeline, financial, and attorney requirements are explained.

Prospective companies then submit a business profile, which is used to discuss fit with the RTPark Program. At the end of this stage both parties should have an agreed position on fit.

Stage 2: Term Sheet Development

In this stage, the parties agree terms for moving forward in a long-term partnership. Upon completion of this phase, the Term Sheet is submitted for consideration by the RTPark program Board of Directors.

Stage 3: Formal Application Procedures

If the Term Sheet is approved, prospective clients are notified and the process moves to the formal application phase. During this time the formal application is submitted and applicants undergo a comprehensive due diligence involving background checks. The definitive agreements based on the preliminary terms set out in the Term Sheet and any advice, where relevant, from the RTPark program Board of Directors, are codified. Decision-making steps require the final Park Tenant Agreement to be considered by the RTPark program Board of Directors.

For a complete outline of the RTPark Program and the application process please refer to our RTPark Program Brief: Guide to Doing Business with the Agency

Client Testimonials

There are many unique treasures to living here. I’ve discovered a passion for mountain biking. My children have learned to sail. With a small community, you get to know people quickly. We found they went out of their way to make us feel welcome. When considering the move, a top concern was the children’s education. We found a quality school our kids love, with a dedicated faculty. In fairness there is an adjustment period. You learn to navigate island life, master shipping logistics, get to know a new culture, and take in some of the most beautiful ocean views in the world.

David Thompson, Exigo

Our firm, The RainTree Group, came into the UVI RT Park program in 2018.  We didn't have much experience in the USVI and followed the advice of the wonderful RT Park staff and other RT Park tenants.  The application process was transparent and straightforward.   The simple concept of the Park is mutual benefit - your company gets some tax incentives that allows you to grow your business more quickly and the USVI and UVI gets additional tax base, employment opportunities, and scholarships for deserving students.  The business environment and life in the USVI is slower paces and less stressful as the mainland, and without question the biggest business hurdle is communications, so find an office location where you have investigated the broadband options. Come and join us, you won't regret it!

James Salter, VosCom dba The RainTree Group

In January 2012 my business was underway as a Tech Park entity. It has been a wonderful seven years. The Tech Park has always been supportive, easy to do business with, and is making a positive impact on the islands. The Tech Park organization is professional and efficient. They have created a friendly business environment that has been a pleasure to work within and a great experience overall. I would encourage any eligible entity to consider joining us in the Tech Park.

Louise Stapleton, LNL Publishing

We have been part of the RT-Park program for almost three years now.  The application process was straight forward and we had plenty of dialogue and feedback prior to our approval.  My only regret is we didn’t do this sooner.  It is satisfying  knowing that we are partners with UVI and enabling the education of the next generation .  We also love living in the USVI.  People are warm and welcoming and the pace of life is amazing healthy.  Most days it feels like a working vacation.

Andy Hemmert, President , HRMT, LLC