The Virgin Islands Articles of Amendment of the Charter refer to the legal documents that are used to modify or change the existing charter of a corporation or organization in the U.S. Virgin Islands. These amendments are necessary when certain provisions of the charter need to be updated, revised, or added in order to better align with the changing needs or goals of the entity. It is a crucial process that ensures the charter remains current, adaptable, and compliant with the local laws and regulations. The Virgin Islands Articles of Amendment involve the submission of a formal document to the Virgin Islands Division of Corporations and Trademarks (VI CDT). This document includes specific details about the amendment(s) being made, such as the provision(s) to be modified or added, the rationale behind the changes, and any other relevant information required by the VI CDT. The amendment must adhere to the laws stated in the Virgin Islands Code. There are different types of Articles of Amendment that can be filed in the U.S. Virgin Islands, depending on the nature and purpose of the change. Some common types include: 1. Name Change Amendment: This type of amendment is filed when a corporation wishes to change its legal name. The document should include the existing name and the desired new name, along with the reasons for the change. 2. Registered Agent Amendment: When a corporation decides to change their registered agent, a registered agent amendment is required. This amendment should include the name and contact details of the new registered agent that will be responsible for receiving legal documents on behalf of the corporation. 3. Shares and Capital Structure Amendment: If a corporation wants to modify its authorized shares, issue new classes of shares, or make changes to the capital structure, they must file an amendment specific to their shares and capital structure. 4. Purpose Amendment: This type of amendment is filed when a corporation wants to modify its stated purpose, expanding or narrowing down its range of activities as listed in the charter. 5. Director and Officer Amendment: If there is a need to change, add, or remove directors or officers of the corporation, this type of amendment must be filed with the necessary details of the individuals involved. It is important for corporations or organizations operating in the U.S. Virgin Islands to ensure compliance with the applicable laws and guidelines when filing the Articles of Amendment. Consulting with legal professionals is often crucial to ensure accurate and complete submission of the required documentation.
Virgin Islands Articles of Amendment of the Charter
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Any trademark to be registered in the USVI must already be fully registered in the United States. For any application in the USVI, the applicant must provide to the USVI Division of Corporations and Trademarks a Certified copy of the corresponding United States Certificate of Registration.
It applies to all fifty U.S. States as well as any territory under United States jurisdiction and control, including the American Virgin Islands (VI), in American Samoa (AS), Guam (GU) and Puerto Rico (PR). Trademark protection is obtained by registration.
The BVI Business Companies Act is designed to be extremely flexible so that the memorandum and articles can be tailored to meet the requirements of the company and its members. However, the Act does require the memorandum and articles to provide for certain matters.
To get started: Create a business plan. Register your trade name and/or corporation with the Office of the Lieutenant Governor. Select a good location and obtain a copy of an unsigned lease or letter of intent from the owner. Obtain a business license from the V.I. Department of Licensing and Consumer Affairs (DLCA)
In order to do so you require: Name and Address of Applicant. Nationality. Company Name (if applicable) Word, mark, logo, or stylized word mark. Class and a description of goods or services. Power of attorney or document empowering agent to act for the purpose of registration of trademark.
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).
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.