Virgin Islands Changing state of incorporation
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How to fill out Changing State Of Incorporation?
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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)
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.
Requirements for BVI Company Registration One director; One shareholder; A unique business name without the words "Bank," Credit," "Care," "Fund," or "Insurance;" Share certificate book with signatures from two corporate directors; Company seal; Registered address; Registered agent.
The US purchased the islands in 1917, when they were known as the Danish West Indies, hoping that they'd be an ideal strategic location for a naval base and would help secure the region surrounding the Panama Canal.
U.S. Virgin Islands corporations receive several benefits including: Tax Incentives: The U.S. Virgin Islands offers major tax breaks like a 100% exemption from business property, excise, and gross receipt taxes.
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.
As an unincorporated United States Territory, the U.S. Virgin Islands has all the benefits of being a Caribbean location with key U.S. benefits. This unique territory status enables St. Croix, St. John, St.
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.