Virgin Islands Trademark Agreement
Description
How to fill out Trademark Agreement?
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FAQ
British Virgin Islands is a country famous for having very favorable tax policies, earning the title of a tax haven. What contributes to this state is the absence of a transfer pricing rule, a deduction limitation rule or any anti-hybrid rules. The country does not follow any general anti-avoidance rule.
Basic taxes (briefly) BVI Business companies are exempt from any taxation, regardless their source of income. The only tax existing in the BVI is payroll tax for companies employing local working force; the current rate is 8%, first USD 10 000 are tax exempt.
The BVI is guided by modern, comprehensive maritime legislation based on English Common Law that allows flexibility for owners without compromising safety and offers excellent mortgage protection provisions to secure the rights of mortgagees and financiers.
An application to register a trade mark must be submittedto the BVI Registrar of Trade Marks, Patents and Copyright (the ?Registrar?) in the prescribed form. The Registrar then reviews and considers the application for approval subject to the requirements of the Act.
Tax neutrality Doing business in the BVI brings significant tax benefits. The BVI is also a tax neutral territory. There is no income tax, corporate tax, capital gains tax, wealth tax, or similar fiscal laws.
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.
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.
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.
