It’s a fairly well known fact that obtaining U.S. residency can be a process rife with difficulty, including considerable expenses and time delays. For foreign investors interested in becoming permanent American residents, one useful route involves making investments in businesses or specific employment areas, and applying for an EB-5 visa.
The EB-5 visa program provides
The U.S. Virgin Islands is a great place to be an entrepreneur. The Territory offers a wide range of tax incentives, and various organizations and agencies have programs available that are geared toward helping new businesses establish themselves and obtain the tools needed for growth and long-term success.
However, many things need to happen before
When considering the issue of taxation, one of the most common points in need of clarification is the distinction between having nonprofit status and having tax-exempt status. It’s possible for an organization to have both, but a nonprofit organization does not automatically have tax-exempt status, and vice versa.
Before an organization may apply for tax-exempt
When starting a new business or restructuring an existing one, you may choose to set up a corporation. The two most common options are the Subchapter S corporation and the C corporation.
These two varieties of corporations are actually quite similar in many ways — they are structured similarly, they both offer limited liability protection
One of the most important relationships business owners and executives have is in working with their business attorney. An experienced, highly qualified legal professional can be an invaluable team member and source of knowledge, advice and wisdom. Cultivating this relationship can reap rewards many times over.
A key aspect of this relationship involves open communication
Of all the important decisions you need to make when starting a new business, the choice of business entity is one that carries a lot of weight and demands a considerable amount of thought. One reason this decision demands such careful planning is because there are so many available options, and they all have different
A bill recently passed in the U.S. Virgin Islands Legislature would allow the Government of the Virgin Islands to guarantee up to $20 million of hotel developers’ leases for up to 25 years, a move that supporters cheered as a boon to the islands’ economic development.
Under the legislation, the Public Finance Authority would have
At an economic roundtable hosted by Senator Diane Capehart and IBCVI & Co. in August, an investment advisor proposed using federal grants and loans to guarantee commercial bank loans, noting it would allow U.S. Virgin Islands banks to increase lending to startups and capital projects. Many commercial banks have been reluctant to lend in the
Merger and acquisition transactions can be quite complicated and require both the acquiring and target companies to address the following issues in detail to avoid challenges later on:
1) The structure of the deal. When arranging a stock purchase, asset sale or merger, it’s important to consider the transferability of liability, which is transferred to
The Virgin Islands Economic Development Authority (VIEDA) is comprised of five main branches, each dedicated to encouraging growth in specific areas of the economy. These include the Government Development Bank, the Industrial Park Development Corporation, the Small Business Development Agency, the Enterprise Zone program and the Economic Development Commission.
These branches help the U.S. Virgin