Information and reporting requirements of resident agents

  1. Law
  2. US Virgin Islands Code
  3. Corporations and Associations
  4. Exempt Companies
  5. Information and reporting requirements of resident agents

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  • The resident agent of an exempt company shall solicit and maintain records of such information as may be required to establish that the exempt company is in compliance with section 852 of this chapter and to establish that any requirements relating to the ownership of an exempt company imposed by federal or local law or regulatory or administrative action have been met. Any resident agent who:

    • (1) signs the statement described in section 860(a) of this chapter of the annual report of the exempt company and arranges for the filing of such report, or who provides and files at least annually with the Lieutenant Governor an affidavit containing such statement, and

    • (2) who maintains in the United States Virgin Islands current records of the legal and beneficial ownership of the exempt company, shall be deemed to have complied with this provision. For this purpose, maintenance in the United States Virgin Islands of the original or duplicate stock ledger required by section 189 of this title shall be deemed to be an adequate record of the legal ownership and, if all of the shareholders are individuals, the beneficial ownership of the exempt company.


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