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Virginia, officially the Commonwealth of Virginia, is a state in the Southeastern and Mid-Atlantic regions of the United States between the Atlantic Coast and the Appalachian Mountains. It was named for Elizabeth I, the Virgin Queen. The capital of the Commonwealth is Richmond and Virginia Beach is the most-populous city, and Fairfax County is the most-populous political subdivision.
History and nature make Virginia a leading tourist centre. Within its borders lie many important historical monuments. By the early 21st century Virginia was among the most prosperous states in the South and in the country as a whole.
In August 2020, the Virginia’s population is estimated at 8,626,210, a growth rate of 1.15%, which ranks 13th in the United States. Nearly three-fourths of Virginia’s residents are of white European descent. African Americans constitute a substantial minority—about one-fifth of the population. 85.9% of Virginia residents aged five and older spoke English at home as a first language.
Like the U.S. Constitution, the Constitution of Virginia established three branches of Virginia government. The three branches and their primary responsibilities are:
Virginia’s economy has diverse sources of income, including local and federal government, military, farming and high-tech. This state has developed a well-balanced economy far beyond its original agricultural base, and since the 1960s the state’s annual economic productivity usually has been slightly higher than that of the United States as a whole.
Virginia ranks among the top states in per capita distribution of federal funds and has one of the highest per capita incomes in the Southern region.
| Limited Liability Company (LLC) | Corporation (C- Corp and S-Corp) | |
|---|---|---|
| Corporate Tax Rate | Virginia's corporation income tax is assessed at a flat rate of 6% on net income. | |
| Company Name | The LLCs’ name must contain the words “Limited Liability Company,” “LLC” or “L.L.C.” The proposed name must be unique and available in Virginia. | The corporations’ name must contain the words "Corporation," "Incorporated," "Limited," "Company" or an abbreviation thereof. The proposed name must be unique and available in Virginia. |
| Board of Directors | Minimum of one manager & member required for an LLC. Virginia has no age and residency requirements for managers/members. The members’ names and addresses are not required to be listed in the Articles of Organization while the managers’ information is required. | Minimum of one director & shareholder required for a corporation. Virginia has no age and residency requirements for directors/shareholders. The directors & shareholders’ names and addresses are not required to be listed in the Articles of Incorporation. |
| Other requirement | Annual Report: LLCs in Virginia are required to file an Annual Report. The due date is by the end of registration anniversary month. Registered Agent: A registered agent’s purpose is to act on a company’s behalf by providing a physical address within a state’s jurisdiction in order to receive legal documents. Employer Identification Number: EIN is a tax ID for businesses. It stands for "Employer Identification Number," and is a nine-digit number used to identify an LLC for tax purposes. | Annual Report: Corporations in Virginia are required to file an Annual Report. The due date is by the end of registration anniversary month. Stock: In the Articles of Incorporation, corporations must list the authorized shares. Registered Agent: A Virginia resident individual or company that maintains a physical address in the state of Virginia and is willing to accept service of process and other legal documents on behalf of a Virginia business. Employer Identification Number: To receive an EIN, a business needs to be located in the U.S. and the person applying for the EIN has to have their own taxpayer identification number, such as a social security number. |
You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Virginia is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.
| Limited Liability Company (LLC) | From US$ 599 | |
| Corporation (C- Corp and S-Corp) | From US$ 599 |
| General Information | |
|---|---|
| Type of Business Entity | Limited Liability Company (LLC) |
| Corporate Income Tax | Yes – 6% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 350 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 350 |
| General Information | |
|---|---|
| Type of Business Entity | Corporation (C-Corp or S-Corp) |
| Corporate Income Tax | Yes – 6% |
| British Based Legal System | No |
| Double Tax Treaty Access | No |
| Incorporation Time Frame (Approx., days) | 2 – 3 working days |
| Corporate Requirements | |
|---|---|
| Minimum Number of Shareholders | 1 |
| Minimum Number of Directors | 1 |
| Corporate Directors Permitted | Yes |
| Standard Authorized Capital/Shares | N/A |
| Local Requirements | |
|---|---|
| Registered Office/ Registered Agent | Yes |
| Company Secretary | Yes |
| Local Meetings | No |
| Local Directors / Shareholders | No |
| Publicly Accessible Records | Yes |
| Annual Requirements | |
|---|---|
| Annual Return | Yes |
| Audited Accounts | Yes |
| Incorporation Fees | |
|---|---|
| Our Service Fee (1st year) | US$ 599 |
| Government fee & Service charged | US$ 240 |
| Annual Renewal Fees | |
|---|---|
| Our Service Fee (year 2+) | US$ 499 |
| Government fee & Service charged | US$ 240 |
| Services and Documents Provided | Status |
|---|---|
| Agent Fee |  |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Virginia Registered Agent Service | |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies | |
To incorporate a Virginia company, the client is required to pay the Government Fee, US$ 350, including
| Services and Documents Provided | Status |
|---|---|
| Agent Fee | |
| Name Check | |
| Preparation of Articles | |
| Same-day Electronic Filing | |
| Certificate of Formation | |
| Digital Copy of Documents | |
| Digital Corporate Seal | |
| Lifetime Customer Support | |
| One Complete Year (12 Full Months) of Virginia Registered Agent Service | |
| Certificate of Incorporation | Status |
|---|---|
| Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. | |
| Submission of application to the Registrar of Companies | |
To incorporate a Virginia company, the client is required to pay the Government Fee, US$ 240, including
| Description | Download |
|---|---|
| Application for Limited Company
PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)
Application form for Limited Company processing |
 |
| Application Formation Form LLP LLC
PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)
Application Formation Form LLP LLC |
|
| Description | Download |
|---|---|
| Business Plan Form
PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)
Business Plan Form for Company Incorporation |
|
| Description | Contact Us |
|---|---|
| Information Update Form
PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)
Information Update Form for completing the Registry’s statutory requirements |
|
| Description | Download |
|---|---|
| Virginia (C-Corp or S-Corp) Rate card
PDF | 714.89 kB | Updated time: 31 Dec, 2020, 11:11 (UTC+08:00)
Basic Features and Standard price for Virginia (C-Corp or S-Corp) |
|
| Virginia LLC Rate card
PDF | 710.78 kB | Updated time: 31 Dec, 2020, 11:10 (UTC+08:00)
Basic Features and Standard price for Virginia LLC |
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