U.S. federal law allows special business tax incentives to be provided for business established in the U.S. territories of The U.S. Virgin Islands, Puerto Rico, Guam, and American Samoa. These islands offer special tax incentives for both US and foreign companies that can provide up to 100% exemption from US federal income taxes with no state or federal income taxes. Tax exempt earnings can then be repatriated to the U.S. tax free. Businesses established in these U.S. territories receive all of the protections available under the U.S. flag including protections of the U.S. constitution, federal laws, U.S. dollar and monetary policy, courts and legal system. Although the programs and benefits differ by territory some of the advantages include: ECONOMIC BENEFITS NON-ECONOMIC BENEFITS OTHER SPECIAL TAX INCENTIVE PROGRAMS • Film Production (television, commercials, motion pictures, music videos) • Sound Recordings • Hedge Funds, Priv