USVI Exempt Companies (memorandum)

In this short memorandum, USVI tax expert and Solomon Blum Heymann partner William L. Blum, Esq., summarizes the requirements for, and possible uses of, the “USVI Exempt Company,” an entity that is fully tax exempt and which may be used by non-U.S. persons for a variety of matters and structures. In the 1980s, Mr. Blum drafted the legislation that made this type of entity possible and here he shares his insight and expertise with the reader about a type of entity that is not that well known but which is a unique tool for the entrepreneur or tax planner.

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