Limited liability company LLCU.S. Virgin Islands
What it takes to form, own and run a private limited company in U.S. Virgin Islands, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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afford limited liability to its owners comparable to the liability under section 1303 of Title 13
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one or more persons may organize a limited liability company.
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a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation
Form it
Who registers it
- Registry
- Formed without visiting
- Not stated
The registry’s and the law’s own pages do not mention it.
- Formed online
- Yes
What it takes to form
- A notary
- Required
- A resident director
- Not in our records
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- Does not apply
- Shareholders
- Does not apply
- Members
- At least 1 · one person may form it alone
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one or more persons may organize a limited liability company.
- A local company secretary
- Does not apply
- A local registered agent
- Required
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Executed and duly notarized resident agent form (All Business Entities).
Each year, at the registry
- Annual registry fee
- USD 300 (about €262)
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Annual Filing Fees Limited Liability Company $300.00 minimum
- Accounts on the public record
- No
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franchise tax and annual reports except financial statements which are confidential and proprietary information
- Audit for a small company
- Not in our records
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
- Annual report and annual filing fee to the Division of Corporations and Trademarks
- 30 June
With Division of Corporations and Trademarks, Office of the Lieutenant Governor
Due by or before 30 June each year, per the registry's FAQ. No late penalty amount stated on the pages read.
What is public
- Directors
- Public
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Details include the registration date, entity type, status, purpose, addresses, resident agent, shareholders, and principals like officers, directors, members, managers, partners, sole proprietors.
- Shareholders
- Public
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Details include the registration date, entity type, status, purpose, addresses, resident agent, shareholders, and principals like officers, directors, members, managers, partners, sole proprietors.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Owners choose
The IRC applies in the Virgin Islands under the mirror system. A domestic LLC with two or more members is classified as a partnership unless it files Form 8832 and elects to be treated as a corporation; a one-member LLC is disregarded as separate from its owner unless it so elects. A corporation-classified LLC would pay the corporate tax described for the profit corporation.
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a domestic LLC with at least two members is classified as a partnership for federal income tax purposes unless it files Form 8832 and affirmatively elects to be treated as a corporation
- CFC rules in VI
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Original articles of termination filed with the Division of Corporations and Trademarks.
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Original Articles of Termination $150.00
- Statutory fee
- USD 150 (about €131)
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Original Articles of Termination $150.00
Every business in U.S. Virgin Islands
VAT
- Standard rate
- Not in our recordsThe tax authority’s pages have not been read for VI.
Payment and banking services
1 service names VI on its own list: Airwallex. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Limited liability company (LLC)
- ISO 20275 code
- CHWXSecondary GLEIF, Entity Legal Forms code list