Before applying for a CPA permit through NASBA’s Licensing Service, please familiarize yourself with this jurisdiction’s requirements below.

To apply for a CPA permit, you will be asked to create a user account upon your first usage of our licensing online application tool. Registering for a user account will allow you to obtain the required documents to submit with your application, apply for the permit, maintain your current information and check the status of your application.

Please allow up to two weeks from your file completion date (when application, fees and all additional required materials have been received) for your application to be processed. Acknowledgment of receipt of application will be sent to you via email, unless otherwise indicated. This notice is sent only as acknowledgment of receipt of application.

Education

  • A baccalaureate degree with an accounting concentration or its equivalent as determined by board rule.
  • A total of 120 semester hours of education.

Exam

Applicants must pass the following exams:

  • Uniform CPA Examination
  • Local CPA Examination

Fees

  • Initial – $150
  • Transfer of Grades – $150
  • Reciprocal – $150
  • Firm – $150
  • Individual Renewal – $135
  • Firm Renewal – $150

Experience

One year of full-time experience providing any type of service or advice involving the use of accounting, attest, compilation, management advisory, financial advisory, tax or consulting skills in the areas of public accounting, industry/private practice, or academia:

  • Must be under the direct supervision of an active CPA in good standing.

Online Applications

All applications for licensure and/or renewal must be submitted through the NASBA Online Licensing Application System.

Click the following links to apply online:

International Candidates

Applicants who obtained their education outside the United States must have their transcripts evaluated by NASBA International Evaluation Services.

Reciprocal Permit

  • Applicant must hold an active U.S. CPA license.
  • Applicant must have passed the Uniform CPA Examination.
  • Applicant must have passed the Local CPA Examination.
  • Applicant must have four years of experience equivalent to experience required of a first time licensee, after passing the CPA examinations upon which the applicant’s certificate was based and within the ten years immediately preceding the date of application.

Firms

To apply for a firm permit in the Virgin Islands, a firm must meet the following requirements:

  • Partners, members or shareholders owning at least a simple majority of the firm must be a certified public accountant of some state in good standing, except that such partners, members or shareholders who are CPAs and whose principal place of business is in the Virgin Islands and who perform accounting services in the Virgin Islands must hold a live permit from the Virgin Islands.
  • The firm must be in compliance with all requirements and provisions of state law governing the organizational form of the firm in the state of the firm’s principal place of business.
  • The firm shall comply with all regulations pertaining to firms registered with the Virgin Islands’ Board of Accountancy.
  • Each office within the Virgin Islands shall be under the supervision of a resident manager who may be a partner, principal, shareholder or a staff employee holding a live permit.
  • Any holder of a live permit and any individual who qualifies for practice privileges who is responsible for supervising attest or compilation services and signs or authorizes someone to sign the accountant’s report on the financial statements on behalf of the firm shall meet the competency requirements set out in the professional standards for such services.
  • Any holder of a live permit and any individual who qualifies for practice privileges who signs or authorizes someone to sign the accountant’s report on the financial statements on behalf of the firm shall meet the competency requirements set out in the professional standards for such services.
  • The firm must list all states in which the firm has applied for or hold permits as a CPA firm and list any past denials, revocations or suspensions of a permit by any other state.

Renewals

Click the following links to apply online:

CPE Requirements for Individuals

License Renewal:

  • Date: 6/30
  • Type: Annual

CPE Reporting Period:

  • Dates: 1/1-12/31
  • Type: Triennial Rolling (three calendar years preceding the license expiration on 6/30)

Transition to CPE Requirements (Licensed in 2015 and earlier):

First Renewal (CPE Period ending 12/31/15, renewal 06/30/16)

Requirement Hours
Total 20
Minimum Year 1 20
Ethics 0

 

Second Renewal (CPE Period ending 12/31/16, renewal 06/30/17)

Requirement Hours
Total 40
Minimum Year 2 20
Ethics 0

 

Third Renewal (CPE Period ending 12/31/17, renewal 06/30/18)

Requirement Hours
Total 40
Minimum Year 2 20
Mimimum Year 3 20
Ethics 0

Renewal Period Requirements:

Requirement Hours
Total 120
Minimum Year 1 20
Mimimum Year 2 20
Minimum Year 3 20
Ethics 4

 

Ethics Requirement:

  • Four (4) hours over three years
  • Can be Regulatory Ethics or Behavioral Ethics credits

Program Type Limitations:

  • Breakfast/Lunch/Dinner Meetings: Must be designed as a formal program of learning to be accepted for credit.
  • Committee Meetings: Must be designed as a formal program of learning to be accepted for credit.
  • Firm Meetings: Must be designed as a formal program of learning to be accepted for credit.
  • Self-Study: Non-interactive Self Study courses are not accepted for credit.

Subject Area Limitations: None

Provider Approval: None required

Credit Calculation:

  • Partial credit: Group Study courses are allowed credit in ½ increments once the first full hour of CPE is earned. Self-Study courses are allowed credit in ½ increments.
  • Instructed credit: Equal to Presentation time + Preparation time. Preparation time limited to 2X presentation time. Repeat presentations are only accepted for credit if the material is substantially changed.
  • College/University: Equal to 15 credits per Semester hour and 10 credits per Quarter hour. Non-credit courses are equal to the actual classroom time spent.

Non-Resident Licensee Exemption:

  • The licensee’s state of residence must be other than the Virgin Islands.
  • If the non-resident licensee has met the CPE requirements for their principal place of business for the most recently completed reporting period, they are considered Compliant in the Virgin Islands.
  • If the licensee’s principal place of business does not have CPE requirements, then the licensee must meet the Virgin Islands CPE requirements.

Carry Credits: Not permitted

Special Conditions: None

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USEFUL LINKS

APPLY ONLINE - Individual Permit
APPLY ONLINE - Firm Permit
Virgin Islands Board

CONTACT US

Toll Free: (866) 350-0017
Email: licensing@nasba.org

Mail:
NASBA Licensing Services
PO Box 198589
Nashville, TN 37219