Virgin Islands Clauses Relating to Purpose of Venture

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Multi-State
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US-P0603-1BAM
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Word; 
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FAQ

The USVI consist of 4 larger islands: St. Croix, St. Thomas, St. John and Water Island, and some 50 smaller islets and cays.

US Virgin Islands company formation offers some very favorable tax and liability protection benefits. In fact, Newsweek called the U.S. Virgin Islands ?a made-in-America offshore tax haven.? The organized, unincorporated territory of the United States is comprised of the islands of St. Thomas, St.

US Virgin Islands company formation offers some very favorable tax and liability protection benefits. In fact, Newsweek called the U.S. Virgin Islands ?a made-in-America offshore tax haven.? The organized, unincorporated territory of the United States is comprised of the islands of St. Thomas, St. John, and St.

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.

In 1917, the United States purchased the Danish part for $25 million, mainly for strategic reasons to assure tranquility in the Caribbean Ocean. U.S. citizenship was conferred on U.S. Virgin Islanders in 1927.

History & Political Status In 1917, the United States purchased the Danish part for $25 million, mainly for strategic reasons to assure tranquility in the Caribbean Ocean. U.S. citizenship was conferred on U.S. Virgin Islanders in 1927.

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.

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Virgin Islands Clauses Relating to Purpose of Venture