Virgin Islands Business Incorporation Questionnaire

State:
Multi-State
Control #:
US-Q1019
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties during the process of incorporating a business. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Investors are drawn to the British Virgin Islands (BVI) for its flexible and modern corporate regime, tax neutrality, respected legal system, political stability and effective regulatory framework.

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)

U.S. Virgin Islands (USVI)The USVI has its own income tax system based on the same laws and tax rates that apply in the United States. An important factor in USVI taxation is whether, during the entire tax year, you are a bona fide resident of the USVI.

Consequently, you can expect to start operations with the BVI company within 5 weeks upon engaging Tetra Consultants.

A BVI company can be incorporated quickly, with a flexible organisational structure and minimal financial reporting requirements. BVI companies are ideal for startup companies as they can be operated from anywhere in the world and there are no restrictions on where a BVI company can carry out its business.

Here are the steps to incorporating in the British Virgin Islands:Step 1: Reserve your Company Name. The first step is to reserve a company name with the BVI Registry.Step 2: Appoint a Registered Agent.Step 3: Open a bank account.Step 4: Submit all relevant documents.

A BVI company can be incorporated quickly, with a flexible organisational structure and minimal financial reporting requirements. BVI companies are ideal for startup companies as they can be operated from anywhere in the world and there are no restrictions on where a BVI company can carry out its business.

Starting your business in the U.S. Virgin Islands will take some time. Once all required documents and payments have been submitted, it may take 6 to 8 weeks (with no guarantees) to obtain the business license.

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.

More info

If you are looking to register your company in the British Virgin Islands,are currently more than 500,000 foreign businesses incorporated in the BVI. InCorp is the low-cost cutting edge leader in forming your new U.S. Virgin Islands Corporation, Limited-Liability Company (LLC), or any other type of ...The British Virgin Islands (BVI) is a leading offshore financial centre, providing robust yetthe most common type of company incorporated in the BVI;.5 pages The British Virgin Islands (BVI) is a leading offshore financial centre, providing robust yetthe most common type of company incorporated in the BVI;. The British Virgin Islands (BVI) is one of the largest offshore financial centersis for a "Registered Custodian" to maintain in the file the following:. Incorporation takes as little as a day to complete. Once the incorporation is completed, the Registrar of Corporate Affairs will allot the ... frequently asked questions arising out of financing transactions involving British Virgin Islands (BVI) companies. Registered agents. In order to enroll through Ariba to transact with Google/Alphabet, you must fill out and submit both the Registration & Tax Questionnaires. BVI companies. A BVI company can be incorporated quickly, with a flexible organisational structure and minimal financial reporting requirements. New business entities and trade names must follow these steps to submit a report to the Division of Corporations and Trademarks for processing:. Name of the company; Type of business; Registration date and number; Main activity; Legal address; Registrar's details; Board members; Registered capital ...

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Virgin Islands Business Incorporation Questionnaire