Virgin Islands Acceptance of Appointment in a Limited Liability Company LLC

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Multi-State
Control #:
US-217LLC
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Word; 
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This form is an acceptance of appointment in a Limited Liability Company.

How to fill out Acceptance Of Appointment In A Limited Liability Company LLC?

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FAQ

The USVI has its own income tax system based on the same laws and tax rates that apply in the United States. An important factor in USVI taxation is whether, during the entire tax year, you are a bona fide resident of the USVI.

US corporations which claim US Virgin Islands sourced income are not subject to withholding or gross basis tax. US corporations which hold branches in the US Virgin Islands are not subject to branch profits tax. Resident corporations in the US Virgin Islands are subject to taxation on their worldwide income.

Unlike most US states, the USVI requires corporations to have a minimum of three directors, three officers, a president, treasurer and secretary. Corporate directors are not allowed. Stock must also be registered and there is a minimum capital requirement of $1,000.

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.

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) Licensing & Permits | United States Virgin Islands Economic ... usvieda.org ? residents ? start ? licensing-pe... usvieda.org ? residents ? start ? licensing-pe...

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. US Virgin Islands - International Corporate Agents Group ibcagent.com ? pages ? us-virgin-islands ibcagent.com ? pages ? us-virgin-islands

BVI has a ?Territorial Tax System? which means IBCs (International Business Companies) that incorporate in the BVI but do business outside of the country are not taxed. Companies don't have to pay taxes on items, including income, capital gains, customs duties, sales, profits, inheritances, dividends and interests. Top Benefits to Set Up a British Virgin Island (BVI) Company fastlane-global.com ? blog ? benefits-to-set-up-a-... fastlane-global.com ? blog ? benefits-to-set-up-a-...

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. US Virgin Islands Company Formation - Offshore Incorporation offshorecorporation.com ? us-virgin-islands... offshorecorporation.com ? us-virgin-islands...

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Virgin Islands Acceptance of Appointment in a Limited Liability Company LLC