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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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      "Soon after I have opened my LLC, I started getting orders for my design services from US customers, in 6 months I have tripled my income! "
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      "We wanted to expand our e-commerce shop to the U.S. and with the tax free LLC, we were up and running in no time! Sales are up 150%. Best move we've ever done." 

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      "We have opened a tax free LLC for our Content Writing business and instantly started getting orders from the U.S., we have doubled our sales since then!"
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      "When our dating app was ready for expansion, we signed up for the tax free LLC with Tax Usa and in less than 2 weeks we started getting U.S. users and installs."
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      "I have opened a tax free LLC last year for my Amazon seller's account and since then selling at 30,000 USD per month, all tax free!"
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      "Tax free LLC is the best solution for non US residents like us. We have used it to grow our IT company from India into the U.S. and already have 200 U.S. customers"
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      "I highly recommend TaxUsa and the tax free LLC for any non U.S. resident. It's easy to set up and you instantly start seeing U.S. income. Tax free. It's great."
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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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      Dissolution

      Tax filing

      EIN Cancellation

      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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