Virgin Islands Specific Guaranty
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U.S. Virgin Islands The United States Virgin Islands are an unincorporated territory of the United States, meaning that only certain parts of the U.S. Constitution apply to its residents. Individuals born in the U.S. Virgin Islands are considered citizens of the United States. Citizenship status in territories of the United States - Ballotpedia ballotpedia.org ? Citizenship_status_in_territories_... ballotpedia.org ? Citizenship_status_in_territories_...
Guarantee members are not liable for the debts or obligations of the company except to the extent of their guarantee upon the company going into insolvent liquidation. Companies limited by guarantee and authorised to issue shares are hybrid of a company limited by guarantee and a company limited by shares. British Virgin Islands companies limited by guarantee - Carey Olsen careyolsen.com ? sites ? default ? files careyolsen.com ? sites ? default ? files
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.
A BVI Limited Liability Company (LLC) offers these benefits: Total Foreign Ownership: Foreigners may own all shares in the LLC. No Taxation: No taxes are levied against LLC's. However, U.S. taxpayers and everyone taxed on worldwide income must declare all income to their governments.
BVI Companies fail on the three main cornerstones of your offshore strategy. They fail on asset protection, they fail on tax avoidance for most people and they fail on protecting your privacy. There are much better options available. You should exercise extreme caution if somebody is trying to sell you a BVI company.
BVI Business Companies a company limited by guarantee that is not authorised to issue shares; a company limited by guarantee that is authorised to issue shares; an unlimited company that is not authorised to issue shares; an unlimited company that is authorised to issue shares.