(a) The following fees shall be assessed against each applicant or beneficiary other than a Participant in the Small Business Program, for applications submitted beginning February 1, 2001.
| Application Fee | Activation Fee | Annual Compliance Fee |
| Category I $1,500 | $1,000 | $1,500 |
| Category II $3,500 | $1,500 | $3,000 |
| Category III $5,000 | $3,500 | $5,000 |
| Category IV $5,000 | $2,500 | $7,500 |
(b) All Application fees and Annual Compliance Fees collected pursuant to the provisions of this Act shall be deposited into the Industrial Promotion Fund, established pursuant to section 726 of this subchapter. Any fee adjustments may be made by the Commission on an annual basis, with the approval of the Governor, and such fee adjustments shall not exceed the Consumer Price Index for that year.
(c) An applicant or a beneficiary is not required to submit copies of tax returns or other financial information from those of its shareholders, members, partners, or other owners with respect to any period that the shareholder, member, partner, or other owner is not a bona fide resident of the Virgin Islands, except:
(1) with respect to the shareholders, members, partners, or other owners of an applicant who intend to relocate to the Virgin Islands and claim tax benefits within the first two years after benefits become effective; or
(2) with respect to shareholders, members, partners, or other owners who own more than fifty percent of the voting shares or membership interests of the applicant or beneficiary. The Commission may require a beneficiary to submit copies of tax returns or other financial information from those of its shareholders, members, partners, or other owners who subsequently become bona fide residents of the Virgin Islands or who acquire their ownership interest in a beneficiary after its benefits have commenced.