Virgin Islands of the United States (US/American Virgin Islands, USVI) are an organised unincorporated territory of the United States of America, located in the Lesser Antilles in the Caribbean. Head of state is the president of the United States. Official currency is the US dollar. Official language is English.
The economy of US Virgin Islands is dominated by the services sector, mainly tourism and trade. Financial services, including offshore, are currently gaining momentum too. In March 2018 USVI were included in the EU black list of non-cooperative jurisdictions for tax purposes. According to the note by the Council of the EU, USVI “does not apply any automatic exchange of financial information, has not signed and ratified, including through the jurisdiction they are dependent on, the OECD Multilateral Convention on Mutual Administrative Assistance as amended, has harmful preferential tax regimes and did not clearly commit to amending or abolishing it, does not apply the BEPS minimum standards and did not commit to addressing these issues by 31 December 2018.”
Business activities in USVI are regulated by the Virgin Islands Code and corporate law based on one of the US state of Delaware.
Main types of businesses in the US Virgin Islands
- Limited liability company
- Limited liability partnership
- Limited liability limited partnership
- Sole Proprietorship
What is a commercial register?
In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.
We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.
Registration of companies on USVI is in the competence of the Division of Corporations and Trademarks of the Office of the Lieutenant Governor. All stages of registration procedure are carried out by the Registrar. To be incorporated, businesses have to meet a lot of strict requirements, such as number of directors (at least three) and registration address on US Virgin Islands.
Contents of the register
Main extract available from the business register of US Virgin Islands is a company profile called Written Search Result. It comes in the English language and contains information about a company, relevant at the moment of the request.
In addition, it is possible to obtain a Certificate of Good Standing, statutory documents, and company’s reports.
Search in the register is not free of charge. Search results are sent to you within 7-14 days after request submission.
To get a required document, we will need the following information about a company:
- Full legal name
- Registration number
An extract from the business register of US Virgin Islands can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- Register legal entities with foreign participation
- File legal claims
US Virgin Islands acceded to the The Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents on 24 December 1980 as a territory of the United States of America.
Therefore, the documents issued on the USVI are subject to a simplified apostilling procedure, thus the documents gain full legal value in Convention member states after notarised translation.
In addition, you can order notarised translation from English.
We provide extracts from the register in strict compliance with the legislation of the United States Virgin Islands, United States of America and the General Data Protection Regulation.
Inquiries are processed within one working day. Courier delivery of apostilled documents is paid separately by courier service tariffs.
Our services can be paid by bank transfer, PayPal or by credit card.
You can order free preliminary availability check of required information on our website.
|Service||Price incl. German VAT 19%||Price excl. VAT|
|Price for an Electronic Extract||from 119,00 €||from 100,00 €|
|Price for an Extract with Apostille without international shipping||from 714,00 €||from 600,00 €|