™Your Policy Risk Impact Agent
11 chapters · 347 sections in this title.
13 V.I.C. § 850 Policy and purpose
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(1) The policies and purposes of this chapter are declared to be the promotion of the growth and development of the economy of the United States Virgin Islands by creating opportunities and incentives for international investment in the Territory, as authorized and encouraged by …
13 V.I.C. § 851 Definitions
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(a) For the purposes of this chapter:(a) “Exempt company” means a corporation organized in the United States Virgin Islands which meets the requirements of section 852 of this chapter and an exempt branch as such term is defined in section 853a of this chapter.(b) “Internal Reven…
13 V.I.C. § 852 Requirements for exempt companies
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(1) In order to qualify and remain eligible for the benefits granted by this chapter, an exempt company shall:(1) Except in the case of an exempt insurer which is a domestic corporation as defined in Sections 7701(a)(3) and (4) of the Internal Revenue Code (as it applies in the U…
13 V.I.C. § 853 Election of a corporation to be an exempt company; revocation of election
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(a) In order to elect to become an exempt company a corporation shall take any one of the following actions:(1) include a statement in its original articles of incorporation, or in its certificate of domestication filed in accordance with section 471 of this title, that it may or…
