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BVI - Economic Substance

The Economic Substance requirements were introduced in the Virgin Islands via the Economic Substance (Companies and Limited Partnerships) Act, 2018 and amendments made to the Beneficial Ownership Secure Search System Act, 2017. Please click on the links below for unofficial consolidations of the laws relating to Economic Substance and other resources issued by the International Tax Authority in reference to the substance requirements.

    BVI - Economic Substance

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      Closing your company:

      To legally and officially close your company, you will need to complete a dissolution process and final tax filing to close your State level and Federal (IRS) level accounts. We offer three packages to cover the entire flow:

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      With these 3 packages we will dissolve your company with the Secretary of State, File your final tax return and apply for EIN cancellation so you will not be asked to file any additional filing.

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      Tax USA Inc (tax-usa.net) is NOT affiliated with: TaxNetUSA (Texas property tax data), Tax USA Now, or any similarly named company. Arik Rozen, CPA, MBA — Virginia Board of Accountancy License #025991 — IRS Authorized e-File Provider since 2004. Address: 1820 Avenue M Suite #1079, Brooklyn, NY 11230. All filings are prepared and reviewed by a licensed CPA. Results depend on individual circumstances and proper structure. "Tax-free" treatment applies only when structured correctly and all IRS conditions are met.

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