Solomon Blum Heymann & Stich LLP
US Virgin Islands Commercial Litigation & Tax Attorneys
US Virgin Islands Tax Planning
The US Virgin Islands (USVI) has become an increasingly popular location for US owned and non-US companies to incorporate. The USVI maintains its own tax system, separate from the US federal government’s system. Non-US corporations have enjoyed the tax benefits of the USVI for decades. However, tax reforms in the last decade have made the USVI an attractive option for some American companies.
A US Virgin Islands exempt company can be established as a separate corporation or as a branch of a company incorporated elsewhere. Most exempt companies are not required to obtain a business license. They must file a simplified form of annual report which does not require financial information or the identification of shareholders. The companies are subject to a $1,000 annual franchise tax but they are free from all U.S. and U.S. Virgin Islands income taxes and all other local taxes. The USVI exempt corporation is an ideal structure for US based companies seeking aggressive tax benefits and some secrecy of ownership. Our US Virgin Islands tax planning attorneys have extensive experience designing and establishing tax free entities in the USVI, the only jurisdiction that offers a tax free entity under the US flag. Contact us to speak with an experienced US Virgin Islands tax planning lawyer.
US Virgin Islands Commercial Litigation
In our US Virgin Islands commercial litigation practice, we represent clients primarily based in the USVI and involved in business disputes. Our USVI commercial litigation clients enjoy the benefits of having local counsel from who they receive personal attention and litigation representation from an attorney who knows the USVI and regularly represents clients there.
Despite its laid back atmosphere, the USVI has a robust and competitive business community, particularly in tourism. Business disputes are not uncommon, and in fact disputes have a higher likelihood of being litigated to verdict in the USVI than most jurisdictions stateside. If you are embroiled in a dispute headed for litigation in the USVI, our USVI commercial litigation attorneys will vigorously protect your interests and advocate for you.
Contact us to speak with an experienced US Virgin Islands commercial litigation lawyer.
We also provide commercial litigation services to clients in New York andDenver, Colorado.
