2019 U.S. Virgin Islands Code
Title 13 - Corporations and Associations
Chapter 15 - Uniform Limited Liability Company Act
Subchapter X - Foreign Limited Liability Companies
§ 2003. Activities not constituting doing business

Universal Citation:
V.I. Code tit. 13, § 2003 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
  • (a) Activities of a foreign limited liability company that do not constitute transacting business in the Virgin Islands within the meaning of this subchapter include:

    • (1) maintaining, defending, or settling an action or proceeding;

    • (2) holding meetings of its members or managers or carrying on any other activity concerning its internal affairs;

    • (3) maintaining bank accounts;

    • (4) maintaining offices or agencies for the transfer, exchange, and registration of the foreign company's own securities or maintaining trustees or depositories with respect to those securities;

    • (5) selling through independent contractors;

    • (6) soliciting or obtaining orders, whether by mail or through employees or agents or otherwise, if the orders require acceptance outside the Virgin Islands before they become contracts;

    • (7) creating or acquiring indebtedness, mortgages, or security interests in real or personal property;

    • (8) securing or collecting debts or enforcing mortgages or other security interests in property securing the debts, and holding, protecting, and maintaining property so acquired;

    • (9) conducting an isolated transaction that is completed within 30 days and is not one in the course of similar transactions of a like manner; and

    • (10) transacting business in interstate commerce.

  • (b) For purposes of this subchapter, the ownership in the Virgin Islands of income-producing real property or tangible personal property, other than property excluded under subsection (a) of this section, constitutes transacting business in the Virgin Islands.

  • (c) This section does not apply in determining the contacts or activities that may subject a foreign limited liability company to personal jurisdiction, including the jurisdiction of the courts in the Virgin Islands under section 4903 of Title 5, Virgin Islands Code, service of process, taxation, or regulation under any other law of the Virgin Islands.

Disclaimer: These codes may not be the most recent version. US Virgin Islands may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.