2019 US Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 1 - General Corporation Law
Subchapter XV - Fees
§ 431. Fees payable upon filing of articles or other papers
(a) The Lieutenant Governor shall charge and collect, for the use of the Government of the United States Virgin Islands, the following fees upon the receipt for filing of any certificate or other paper relating to corporations—
(1) For filing original articles of incorporation, the fee shall be computed on the basis of one-third of a cent for each share of authorized capital stock having par value up to and including 20,000 shares, one-fourth of a cent for each share in excess of 20,000 shares up to and including 200,000 shares, and one-fifth of a cent for each share in excess of 200,000 shares; one-third of a cent for each share of authorized capital stock without par value up to and including 20,000 shares, one-fourth of a cent for each share in excess of 20,000 shares up to and including 2,000,000 shares, and one-fifth of a cent for each share in excess of 2,000,000 shares. For the purpose of computing the fee on par value stock each $100 unit of the authorized capital stock shall be counted as one assessable share. Except in the case of a corporation which declares at the time of filing its original articles of incorporation, its intention to elect to become a Virgin Islands foreign sales corporation as defined in subpart C of part III of subchapter N of chapter 1 of the Internal Revenue Code of 1954 (Title 26, United States Code) or to be considered an exempt company as defined in chapter 14 of this title, the fee shall be not less than $75. In the case of a corporation which does so declare, the fee shall be not less than $400. In the case of a corporation which, at the time it filed its original articles of incorporation did not declare its intention to elect to become a Virgin Islands foreign sales corporation (including any corporation which filed its original articles of incorporation on or before the effective date of the section of this act which added this sentence), but which subsequently does so elect, within ten (10) days of such corporation's first such election, said corporation shall pay to the Lieutenant Governor an additional fee of $500. A corporation which includes in its original articles of incorporation, or in any amendments to such articles a specific statement that it may undertake the business of a “Virgin Islands foreign sales corporation” or that it may elect to become a “Virgin Islands foreign sales corporation” shall be deemed to have declared its intent to elect to become a Virgin Islands foreign sales corporation.
(2) For filing a certificate of amendment of articles of incorporation, or amended articles of incorporation before payment of capital, increasing the authorized capital stock of a corporation, the fee shall be an amount equal to the difference between the fee computed at the foregoing rates upon the total authorized capital stock of the corporation including the proposed increase, and the fee computed at the foregoing rates upon the total authorized capital stock excluding the proposed increase. In no case shall the amount paid be less than $150.
(3) For filing a certificate of consolidation or merger of two or more corporations, the fee shall be an amount equal to the difference between the fee computed at the foregoing rates upon the total authorized capital stock of the corporation created by the consolidation or merger, and the fee so computed upon the aggregate amount of the total authorized capital stock of the constituent corporations. In no case shall the amount paid be less than $150.
(4) For filing amended articles of incorporation before payment of capital and not involving an increase of authorized capital stock, or an amendment to the articles of incorporation not involving an increase of authorized capital stock, or a certificate of reduction of capital, or a certificate of retirement of preferred stock, the fee to be paid shall be $25.
(5) For filing a certificate of dissolution, $25; a fee of $25 for certifying to and/or copying the certificate.
(6) For filing a certificate or other paper of surrender and withdrawal from the United States Virgin Islands by a foreign corporation and for certifying to and/or copying the certificate or other paper, a fee of $100 shall be paid.
(7) For filing any certificate, affidavit, agreement or any other paper provided for by this chapter, for which no fee is specifically prescribed, a fee of $25 in each case shall be paid.
(8) For filing the documents required of foreign corporations by section 401 of this title, a fee of $150 shall be paid, which shall include the fee for a certificate of qualification; provided that if the statement or letter as described in section 853(a)(3) of this title is filed with the required documents, the fee shall be $400.
(9) For certifying to and/or copying articles of incorporation, or any certificate of amendment to articles of incorporation, or any certificate of consolidation or merger, a fee shall be paid computed on the basis of $2 for affixing the seal of the office and one dollar per page of 30 lines, or any part thereof. In no case shall the fee to be paid be less than $25.
(10) For filing in the office of the Lieutenant Governor any certificate of change of agent or change of location of the principal office of a corporation, as provided in section 52 of this title, there shall be collected and paid a fee of $25.
(11) For filing in the office of the Lieutenant Governor any certificate of change of address of resident agent, as provided in section 53 of this title, there shall be collected and paid a fee of $25.
(12) For filing in the office of the Lieutenant Governor any duplicate certificate of change of resident agent, as provided in section 54 of this title, there shall be collected and paid a fee of $25 and a further fee of $25 for each corporation whose resident agent is charged by such certificate.
(13) For filing in the office of the Lieutenant Governor any certificate of resignation of a resident agent, as provided in section 55 of this title, there shall be collected and paid a fee of $25.00 for each corporation whose resident agent has resigned by such certificate.
(14) For certifying to and/or copying any other form of certificate provided for in this chapter, a fee shall be paid computed on the basis of the provisions of paragraph (9) of subsection (a) of this section.
(15) For issuing certificates of good standing of corporations, there shall be collected and paid a fee of $25 for each certificate or copy thereof.
(16) For providing and filing a copy of the contract described in sections 780 and 861 of this title, the Office of Lieutenant Governor shall collect a fee of one hundred dollars ($100).
(17) For filing a certificate of continuation and copy of articles of incorporation prescribed in section 471 of this title, a fee of $100 plus the fee payable upon the filing of original articles of incorporation shall be paid.
(18) For filing and examining the documents prescribed in section 472(c) of this title, a fee of $1,100 shall be paid.
(19) For filing the documents prescribed in section 472(d) of this title, an annual fee of $1,000 shall be paid.
(20) For filing the affidavit prescribed in section 473(c) of this title, a fee of $400 shall be paid.
(b) For the purpose of computing the fees prescribed in subsection (a)(1)–(3) of this section the authorized capital stock of a corporation shall be considered to be the total number of shares which the corporation is authorized to issue, whether or not the total number of shares that may be outstanding at any one time be limited to a less number.
(c) The Lieutenant Governor may issue and shall collect and receive the fees prescribed in this section on photostatic copies of instruments furnished by his office as well as for original handwritten or typewritten copies thereof.
(d) The fees prescribed by this section shall not apply to cooperative associations incorporated under this chapter.
