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By executing the durable power of attorney, the principal authorizes the agent to engage in the certain specified business or financial transactions on behalf of the principal with third parties. Durable power of attorney is a contract, which creates an agency?principal relationship.
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.
Those looking to form LLCs in the US Virgin Islands must have both a local registered agent and a local office address. This address will be used for process service requests. Your agent who forms the company for you (such as this one) should automatically include this for you in the initial filing.
Unlike most US states, the USVI requires corporations to have a minimum of three directors, three officers, a president, treasurer and secretary. Corporate directors are not allowed. Stock must also be registered and there is a minimum capital requirement of $1,000.
To start a business in the U.S. Virgin Islands you will need to obtain a business license from the Department of Licensing and Consumer Affairs (DLCA).
Governor Albert Bryan Jr. He is an entrepreneur, non-profit executive, and tireless and compassionate advocate for the economic and political advancement of the people of the U.S. Virgin Islands.
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)
Incorporate and open a bank account in BVI Step 1:Select company name and types. Every company in the BVI is required to be registered under an accepted name and as an entity type recognized by the law. ... Step 2:Submit application. ... Step 3:Apply for business license. ... Step 4:Open a bank account. ... Step 5:Stay compliant.