Virgin Islands Work Request Cover Sheet
Description
How to fill out Work Request Cover Sheet?
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FAQ
A British Virgin Islands International Business Company is exempt from all local taxes, stamp duty, there is no capital gains, no inheritance tax, no sales tax and no VAT. If you are looking to maximise your profits, BVI could be a very good place for you to start your business.
What paperwork do I need to live and work in the Virgin Islands? If you are an American citizen, you need NO EXTRA paperwork to visit, live in or work in the US Virgin Islands!
US Virgin Islands is not a tax haven or offshore jurisdiction, but USVI companies (or corporations) could be established as "USVI Exempt Companies" with partial or full exemption from local and US federal income taxes.
Work-Permits Work permits are required for all non-BVI citizens and are typically allocated on a two-year basis.
Requirements for Incorporation in the U.S. Virgin Islands. Corporations in the U.S. Virgin Islands are formed by three incorporators who are responsible for electing the company's directors. There is a minimum requirement of one director for every shareholder of the corporation if there are three or fewer shareholders.
To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licensing and Consumer Affairs (DLCA). DLCA will complete the "One Step" review process with the following government agencies: Police Department. VI Bureau of Internal Revenue (tax clearance)
Annual license fees typically range from $50 to $1000 depending on the type of business. 1. Register your trade name and/or corporate entity with the Corporate and Trade Name Division of the Office of the Lieutenant Governor. Applicants may be required by DLCA to submit a copy of their articles of incorporation.
Shipments to Puerto Rico and the U.S. Virgin Islands do not go through customs since it is a domestic packages, and so a customs declaration is not needed.
