The memorandum discusses the benefits and requirements of establishing a U.S. Virgin Islands exempt company, which pays no U.S. or U.S. Virgin Islands taxes on income earned outside these jurisdictions, except for a $1,000 annual franchise fee. It outlines the incorporation process, officer requirements, and secrecy provisions. The document also covers redomiciliation of companies to the U.S. Virgin Islands and the limited public record information available for these companies.
documents/EFTA01206780.pdf
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