U.S. Virgin Islands LLC’s are regulated by the Limited Liability Company Act. A dedication delighting our customers, to accurate document filings, to timely service for those items within our control, and serving the best interest of our treasured clients. The USVI adopted the Uniform Limited Liability Company Act in 1998. An LLC may file an election to be treated as a corporation for tax purposes. The impact of these requirements is that at least two individuals must serve as corporate officers and directors even where there is only one shareholder; a typical pattern is for one person (often the shareholder) to serve as director, president, and treasurer, with a second person serving as secretary. To the east is St. John Island, most of which comprises Virgin Islands National Park. There are no specified recording requirements imposed on U.S. Virgin Islands LLCs by the Virgin Islands Limited Liability Company Act. Get further information about forming Virgin Islands Corporations, corporate law and Registered Agent Services. • Low Minimum Authorized Capital: The minimum authorized capital for corporations in the US Virgin Islands is only $1000 USD. • No Required Meetings: Meetings of managers and members in the U.S. Virgin Islands is optional. Island Analytics & Marketing, LLC. Get further information about US Virgin Islands LLCs, corporate law and Registered Agent Services. An annual income tax return needs to be filed by a USVI corporation with the USVI Bureau of Internal Revenue; however, this requirement generally does not apply to corporations which elect to be treated as USVI exempt companies. This completion time depends on the turnaround with the LLC name registration, as well as how accurately the company completes its registration documents. Shareholders A U.S. Virgin Islands LLC receives many benefits including: • Tax Advantages: There are many tax advantages available in the US Virgin Islands, which are sanctioned by the U.S. government. There are tremendous financial incentives allowed by the US government in the USVI, including a tax reduction of up to 90%. Services. The reports must be accompanied by payment of the annual franchise tax and are due June 30 of each year. However, obtaining a mortgage in the Virgin Islands can be quite challenging. A USVI corporation is also required to have three officers: a president (who must be a director), a secretary (who must not be the same person as the president), and a treasurer. In addition, The IRS can exempt a U.S. Virgin Islands LLC under Section 501(c)(3). An exempt company must file a simplified annual report and pay a flat annual franchise tax of $1,000. Corporate reporting obligations for corporations include filing an annual report containing basic information, including the identities of officers and directors (but not shareholders), and an annual franchise tax return with attached simplified financial statements. We are steadfast in delivering outstanding results through customized insurance and risk-management solutions. Despite the fact that the owner of the Subchapter S still must file a separate tax return with the Virgin Islands Bureau of Internal Revenue for informational purposes, the entity itself is not subject to tax liability, making the Subchapter S corporation a viable choice for a small-business entity. If the corporation is an exempt company, only one report is required and financial statements are not required. A U.S. Virgin Islands LLC must have a local registered agent and a local office address. In fact, the USVI corporation law is based on a prior version of the Delaware corporate law. Beaches, Turtles and Rays! Check us out at www.vidaysailing.com or call 340 643 4388 for … 209a St Thomas, VI 00802-2213. If consultants are busy, please call again. Virgin Islands Occupational Therapy Llc's practice location is: 9149 Sugar Estate Ste. Virgin Islands Occupational Therapy Llc is a health care organization in St Thomas with Occupational Therapist listed as their primary medical specialization. The name of an LLC must include the words “limited company” or “limited liability company” (abbreviating the word “company” to “co.” or the word “limited” to “ltd.” is acceptable) or the abbreviation “LLC”, “L.L.C”, “LC.” or “L.C.”. Optionally, an LLC may appoint officers who may have roles in operating the company. Island Designs Landscape and Storm Water Management works with resort properties evaluating property vulnerabilities, preparing for hurricanes, and designing sustainable landscapes ensuring your property is ready. (888) 88-MYLLC. The was established 2002 has been growing steadily. 7 were here. At VIGI, we are committed to providing the highest standard of care to residents and visitors of the Virgin Islands. Virgin Islands Limited Liability Company / LLC: Order Online! Form a Limited Liability Company (LLC) in the US Virgin Islands. For non-U.S. persons seeking an offshore holding entity that has a 100% tax exemption, and that is not subject to reporting to foreign governments, a USVI exempt company is a good option. William L. Blum, Esq., is a New York and U.S. Virgin Islands-based tax and business lawyer with particular expertise in international taxation. In 1672, the Danish established the first settlement on St. Thomas and then in 1694 St. John was added. The exempt company may take the form of a corporation or an LLC. Directors and Officers • One Shareholder: Only one shareholder is required to form a LLC. Address:123 blvd chicago jamaica 1 Virgin Islands(US) Proximity MFG powder, polypropylene, scrap. They are largely designed to guard against inurement (giving inordinate proceeds insiders) and private benefit. His practice emphasizes domestic and offshore tax matters and structures, as well as estate and asset protection planning.  He served as counsel to the Governor of the U.S. Virgin Islands, and is the leading expert on the USVI’s status as a tax haven for non-U.S. persons. U.S. Virgin Islands LLC Basics. British Virgin Islands company law is primarily codified in the BVI Business Companies Act, 2004, and to a lesser extent by the Insolvency Act, 2003 and the Securities and Investment Business Act, 2010.The British Virgin Islands has approximately 30 registered companies per head of population, which is probably the highest ratio of any country in the world. Corporations in the U.S. Virgin Islands are based on the standard Delaware model. Who we are: Virgin Islands Services is an all-inclusive service provider that proudly offers the highest quality and most competitively priced services available anywhere on the Virgin Islands. Similarly, FATCA (the federal Foreign Account Tax Compliance Act) does not apply to USVI companies or financial institutions so the automatic reporting to foreign governments required under FATCA does not apply to USVI companies or accounts. Public Records A USVI exempt company may not conduct business in the USVI, although it may do so elsewhere. The United States purchased the islands from Denmark for $25 million in 1917. Address:1730 w. 38th place Hialeah Virgin Islands(US) CH Non-Food Import Export Corp Power Plant, Generators, Turbine, Steam Turbines. Ask questions about offshore banking, company formation, asset protection and related topics. Asset Protection from Lawsuits A U.S. Virgin Islands LLC receives many benefits including: several tax advantages sanctioned by the IRS, only one shareholder required to form a LLC, low minimum authorized capital, no required meetings, and low annual renewal fees. This is without doubt the best course you've put out. Find out if a company registered in the Virgin Islands is also registered in other states. U.S. Virgin Islands LLCs are required to file yearly tax returns. We’ve selected only the most well-trained and qualified experts in each field to ensure all services are delivered with speed, integrity, and professionalism. Still, the company is expected to allow access to records it does keep. U.S. Virgin Islands LLCs must file annual reports and also pay the annual report fee by June 30th of each year. The largest are Tortola, Virgin Gorda, Anegada and Jost Van Dyke. Office Address and Local Agent Currently, DLCA hosts information on following types of entities: Also, unless a company member is exempt from income taxes, its distributive share of membership income and loss is treated the same to the member and reported on the tax return, regardless of whether or not the member received the income. Call us! Home IAM Services About IAM Contact AN ACCURATE INSIGHT OF THE U.S. VIRGIN ISLANDS. For U.S. Virgin Islands LLCs, meetings for managers or members are optional. Company formation in the US Virgin Islands (USVI) can give rise to multiple tax and business benefits. A U.S. Virgin Islands LLC is required to have a minimum authorized capital of $1,000 USD. If the exempt company is owned 90% or more by non-U.S., non-USVI persons, then it is eligible for tax free treatment on all of its income except any such income from U.S. or USVI sources. A standard set of documentation for a USVI corporation is articles of incorporation (these are filed with the government to form the company and are subject to public inspection), by-laws, and minutes or resolutions of the incorporators and board of directors. If a U.S. Virgin Islands LLC has only one owner, then the owner is considered the same as the entity he or she owns for tax reasons. An LLC must file an annual report every June 30 which contains basic information about the company and which must be accompanied by an annual fee. A U.S. Virgin Islands LLC must pick a unique name that is not similar to already existing corporation or company names. Company Name The initial members and managers are also named in the operating agreement. No income tax returns are required so long as the exempt company does not have U.S. or USVI source income. The archipelago is made up of about forty islands, of which eleven are inhabited. Tax Preparation Other, Your information remains confidential Privacy Policy. InCorp prices starting at $99 plus applicable state fees. St. Croix Island and its historic towns, Frederiksted and Christiansted are to the south. Territory consisting of a group of islands and islets. Call Now 24 Hrs./Day Corporations in the USVI are based on the standard Delaware model. Virgin Islands Exquisite Eats LLC is a Florida Domestic Limited-Liability Company filed on May 31, 2020. Their total area is 59 square miles, and they lie to the north and east of the U.S. islands. Basic information regarding registered businesses in Virgin Island can be accessed on the DLCA website for free. The islands had a population of about 28,000 at the 2010 Census, of whom approximately 23,500 lived on Tortola. Vivot Industries Virgin Islands LLC has 1 total employees across all of its locations and generates $40,855 in sales (USD). There are various types of business entities to choose which include Trade Name, Corporation (Domestic, Foreign, Non-profit, Foreign Non-profit, Professional, Foreign Professional, Trade and Labor, Foreign Trade and Labor, Cooperative, Foreign Cooperative, Exempt, Foreign Exempt, Economic Development, Virgin Islands Foreign Sales, and Alien), Limited Partnership, Limited Liability … Annual Fees Taxes They offer several advantages for maintaining business continuity with the … PO Box 600118, St Thomas, US Virgin Islands, US Virgin Islands,00802 Mr. Leon A. Plaskett, the principal of Leon\'s Management Services, LLC has been providing marine consulting services for over 28 years from Australia to Caribbean. Arbor International Services Limited (“Arbor”), a British Virgin Islands company, provides company fiduciary, regulatory and tax compliance services in the British Virgin Islands, Cayman Islands, Nevis, U.S. Virgin Islands, Delaware and a number of other U.S. and international jurisdictions. I know, because over the years, I think I've taken all the classes, seminars, and read all the books you've had, including going to yearly up dates in Las Vegas.This is concise and to the point. Since 1906. Taste Of The Virgin Islands, LLC is a Texas Domestic Limited-Liability Company (Llc) filed on August 11, 2020. It needs to elects to be treated as a separate legal entity for tax purposes. 1-800-959-8819. Best Dining in U.S. Virgin Islands, Caribbean: See 91,348 Tripadvisor traveler reviews of 470 U.S. Virgin Islands restaurants and search by cuisine, price, location, and more. MyLLC will work with you hand-in-hand to help you form your new corporation or Limited Liability company. Starting a business in the U.S. Virgin Islands isn’t all that different from starting one in the continental United States. Most LLCs are operated by managers. A USVI corporation is formed by three incorporators who elect the corporation’s directors. It will also briefly describe the USVI tax exempt company and the exemption of USVI companies from international reporting requirements. Domestic corporations may qualify for significant tax incentives under the Economic Development Commission’s tax incentive scheme. Incorp will beat the price of any competitor on VI LLCs! FATCA (the federal Foreign Account Tax Compliance Act). If you have questions or … Nominee directors are permitted. The U.S. Virgin Islands offers a number of different limited liability entities including the corporation, the limited liability company (LLC), the limited liability partnership (LLP), and the limited liability limited partnership (LLLP). US Virgin Islands, Makeup By Sunshine LLC is an on location makeup company providing artistry and airbrush services for multi media bridal. Its capital is Charlotte Amalie on St. Thomas Island. Vivot Industries Virgin Islands LLC is located in Christiansted, VI, United States and is part of the Commercial & Industrial Equipment Rental & Leasing Industry. Come spend a day on the water! On staff, we have three board-certified gastroenterologists who evaluate and treat conditions of the stomach, intestines and liver. Makeup By Sunshine LLC. Arbor focuses its services on multi-jurisdictional trust and company management, and tax compliance, including assisting clients with the requirements of FATCA and the CRS. Data Collection & Gathering Analytics & Research Media & … We still have select openings on sailing this weeks on our Full Day Sailing Experience and on our Sunset Sailings. All directors must be individuals and they may reside anywhere. U.S. Company Formation It also offers Delaware formation and registered agent services through its Delaware company, Arbor Delaware Services LLC. (888) 88-MYLLC. U.S. Virgin Islands limited liability companies are governed by the United States’ Uniform Limited Liability Company Act of 1998. An LLC may be governed either by its members (one or more individuals who own the LLC) or by one or more managers appointed by the members. MyLLC will work with you hand-in-hand to help you form your new corporation or limited liability company (LLC). An LLC on the other hand is a more modern entity with more flexibility in corporate governance. Managers may be individuals or entities, including nominee managers. The report and payment is due on June 30 of each year. The Registered Agent on file for this company is Warner Edvina Tamikqua and is located at 793 Spofforth Rd, El Paso, TX 79928. Its capital is Charlotte Amalie on St. Thomas Island. Both private persons and corporate bodies can perform the duties of shareholders. Trust Formation US Virgin Islands Limited Liability Company (LLC) Located on the Caribbean, the U.S. Virgin Islands are a U.S. The Organic Act of 1936 allowed for the creation of a senate. Arbor provides services to clients in the British Virgin Islands, Cayman Islands, Nevis and other jurisdictions through qualified service providers established and licensed in the relevant jurisdictions. Plus, its operating agreement includes the required language while also meeting several requirements. VIGI, LLC is a Gastroenterology Physician practice. National Corporation Directory Multi-State Search (nationwide search of all 50 official Secretary of State databases, $25 fee for unlimited searches for one day) Find more info on a Virgin Islands company Use public corporation web search tools. The annual report fee is equal to 0.15% of the capital used by the LLC in conducting business during the prior calendar year, with a minimum fee of $300. Where there are two or more shareholders, there may often also be a shareholder’s agreement. USVI is a United States territory. Caribbean Risk Group is committed to providing clients the highest level of service, experience and knowledge. The report must include the names of any managers, but does not name the members (owners). The Registered Agent on file for this company is Hendrickson Cherisse E and is located at 3966 Prairie Reserve Blvd, Orlando, FL 32824. Jul 18, 2019 - Virgin Islands Limited Liability Company / Virgin Islands LLC formation services: St. Thomas, VI 00802. This address will be used for process service requests and official notices. Through its licensed trust company in the U.S. Virgin Islands, Arbor offers trustee services. The islands are part of the archipelago of the Virgin Islands, the other islands being part of the United States Virgin Islands and the Spanish Virgin Islands belonging to Puerto Rico. Likewise, neither the United States nor the USVI have adopted the Common Reporting Standards (CRS) of the OECD and therefore no reporting of accounts or beneficial ownership of companies is required in that context either. St. Thomas, Virgin Islands. U.S. Virgin Islands LLCs can expect the entire process to take about one week to one month. Ultimate executive authority in The British Virgin Islands is vested in the Queen and is exercised on her behalf by the Governor of the British Virgin Islands. Offshore Company Formation The territory operates as a parliamentary democracy. In 1733, The Danish West India Company added St. Croix. In 1927, citizenship was granted to Virgin Islanders. Their principals are attorneys with decades of experience in the USVI and other popular domestic and offshore jurisdictions including Delaware, the Cayman, Islands, and the British Virgin Islands. U.S. Virgin Islands LLCs can purchase shelf companies for faster registration. Beneficial ownership of exempt companies is not required to be made public. Accounting and Audit Requirements There is an exception, however, for an LLC that elects treatment as an exempt company, since exempt companies are generally not subject to tax and have no tax return filing requirement. Address:Pasea Estate Road Town Tortola Virgin Islands(US) Econo-munity with Worldwide Interests, LLC Either a USVI corporation or a USVI LLC may elect to be treated as a USVI exempt company by including a statement to that effect in its articles. Meetings of managers and meetings of members are optional. Therefore, a USVI LLC is very similar to those formed in other U.S. jurisdictions such as Delaware or Nevada. 243 Construction Companies in Virgin Islands. DLCA Website | Help © 2021 Virgin Islands Department of Licensing and Consumer Affairs Corporations are required to hold meetings of shareholders at least annually. St. Croix Island and its historic towns, Frederiksted and Christiansted are to the south. Dom… The U.S. Virgin Islands offers a number of different limited liability entities including the corporation, the limited liability company (LLC), the limited liability partnership (LLP), and the limited liability limited partnership (LLLP). The islands are administered in two groups—the British Virgin Islands and the United States Virgin Islands.The former is a British colony consisting of four larger islands—Tortola, Anegada, Virgin Gorda, and Jost Van Dyke—and 32 smaller islands and islets, of which more than 20 are uninhabited. What a class!!! 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