The best societies in the world are based on law and order. Those are the two most important matters in society. Without them, a society is as good as dead. Lawlessness and lack of order are the two characteristics of a failed society. The British Virgin Islands (BVI) society is not a failed society in any way. As a matter of fact, it is one of the most successful societies in the entire world. That is because there is British Virgin Islands law that is usually respected and followed by the citizens of this territory.
According to the law, People have rights. They also have freedoms. In any democratic society, there is a good deal of freedoms. People have a freedom of assembly. They can assembly in public and discuss issues. People are also free to demonstrate even if there are demonstrating against the government. However, a demonstration must be peaceful. In dictatorships, people have little or no freedoms. They follow dictates.
With rights come responsibilities. Rights cannot exist without responsibilities. Every human being needs to live in a responsible manner. Failure to do so can lead to legal action. It is the responsibility of every resident of British Virgin Islands to pay taxation and to take good care of his surroundings. One must not throw trash everywhere. That is bad.
Taxation is a big responsibility. No one can escape taxation. It is just like death. The good thing about the BVI is that there are very friendly taxation rates. Individuals have to pay an income tax that is calculated based on their monthly income. For the case of corporations, corporate tax is paid on the net profit at the end of the year.
BVI law also facilitates the seamless conduct of business. There are stipulations that relate to companies, partnerships, sole proprietorship and other types of business formations. There is a chapter that deals with how to form a company in British Virgin Islands. The legal definition of a company is that it is a separate entity from the board of directors.
The constitution is one of the most important documents in a country. It covers many areas of life and business. Preparing the constitution usually takes many years. Legal experts are usually involved in constitution preparation. The constitution can be amended so that to reflect the present realities of society. That has to be done through a referendum process.
There are experts of the constitution. They are called lawyers. Judges and lawyers are the people who usually safeguard the constitution. If there is the need to explain a constitutional issue, a lawyer will definitely have to be involved. He is also the professional who usually represent individuals in court. At times, legal assistance is necessary.
Illegality is something bad. It should be discouraged with the strongest terms. Legal living needs to be the case irrespective of where one resides. Rights and responsibilities are a two-way traffic. That means that as much as one wants his rights to be respected, he should also respect the rights of other people.
According to the law, People have rights. They also have freedoms. In any democratic society, there is a good deal of freedoms. People have a freedom of assembly. They can assembly in public and discuss issues. People are also free to demonstrate even if there are demonstrating against the government. However, a demonstration must be peaceful. In dictatorships, people have little or no freedoms. They follow dictates.
With rights come responsibilities. Rights cannot exist without responsibilities. Every human being needs to live in a responsible manner. Failure to do so can lead to legal action. It is the responsibility of every resident of British Virgin Islands to pay taxation and to take good care of his surroundings. One must not throw trash everywhere. That is bad.
Taxation is a big responsibility. No one can escape taxation. It is just like death. The good thing about the BVI is that there are very friendly taxation rates. Individuals have to pay an income tax that is calculated based on their monthly income. For the case of corporations, corporate tax is paid on the net profit at the end of the year.
BVI law also facilitates the seamless conduct of business. There are stipulations that relate to companies, partnerships, sole proprietorship and other types of business formations. There is a chapter that deals with how to form a company in British Virgin Islands. The legal definition of a company is that it is a separate entity from the board of directors.
The constitution is one of the most important documents in a country. It covers many areas of life and business. Preparing the constitution usually takes many years. Legal experts are usually involved in constitution preparation. The constitution can be amended so that to reflect the present realities of society. That has to be done through a referendum process.
There are experts of the constitution. They are called lawyers. Judges and lawyers are the people who usually safeguard the constitution. If there is the need to explain a constitutional issue, a lawyer will definitely have to be involved. He is also the professional who usually represent individuals in court. At times, legal assistance is necessary.
Illegality is something bad. It should be discouraged with the strongest terms. Legal living needs to be the case irrespective of where one resides. Rights and responsibilities are a two-way traffic. That means that as much as one wants his rights to be respected, he should also respect the rights of other people.
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