Virgin Islands M&A Transaction Term Sheet Guideline

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Multi-State
Control #:
US-TC0407
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Description

This is a checklist of considerations for a mergers and acquisitions transaction term sheet. It is a point-by-point reminder to consider whether it is a stock or asset sale, points on closing and warranties, covenants, indemnification, and other areas.

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FAQ

U.S. citizenship was conferred on U.S. Virgin Islanders in 1927. Federal authority over the new U.S. territory was placed in the Department of the Interior in 1931, where it resides. U.S. Virgin Islands - U.S. Department of the Interior doi.gov ? oia ? islands ? virgin-islands doi.gov ? oia ? islands ? virgin-islands

U.S. citizens do not need a passport to travel between the U.S. and these territories: American Samoa. Guam. Commonwealth of the Northern Mariana Islands. Puerto Rico. U.S. Virgin Islands.

Passports for U.S. Citizens are NOT required for the U.S. Virgin Islands, but you must be prepared to show evidence of citizenship upon leaving the territory (such as a government-issued photo ID or your passport). Citizens of countries other than the U.S. should follow U.S. travel regulations. Travel to the USVI - Frequently Asked Questions viport.com ? general-9 viport.com ? general-9

The USVI consist of 4 larger islands: St. Croix, St. Thomas, St. John and Water Island, and some 50 smaller islets and cays. Where is the U.S. Virgin Islands: Geography - VInow.com vinow.com ? Facts vinow.com ? Facts

If you're a US citizen traveling from the mainland US or Puerto Rico, you don't need a passport to enter the USVI. You can travel there with a government-issued photo ID, like a driver's license.

Saint Croix, Saint John, and Saint Thomas comprise the US Virgin Islands. (Some sources include the much smaller Water Island as the fourth USVI; some don't because it's basically part of Saint Thomas socially and economically. Though geographically there's no question it's a fourth populated island.) What Exactly Are the US Virgin Islands? | by Matt Wade medium.com ? what-exactly-are-the... medium.com ? what-exactly-are-the...

If you are a U.S. citizen a passport is not required, but it still serves as the best identification when traveling. Otherwise, you must be prepared to show evidence of citizenship when departing the islands, such as a raised-seal birth certificate and government-issued photo ID.

Presently, state and federally-issued U.S. I.D.s are acceptable for travelers who do not hold passports. Please note that as of May 2023, the Virgin Islands entry requirements will change. U.S. travelers to the Virgin Islands will need a valid passport or a REAL I.D. to gain entry.

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Virgin Islands M&A Transaction Term Sheet Guideline