Offshore company formation in Delaware
COMPANY FORMATION
Delaware offshore company
Delaware is one of the best place to set up a limited liability company (LLC) for most entrepreneurs. Anyone can form a company in so called tax haven state, it does not matter where she or he is located. As a non-resident, living outside of the United States there are no restrictions on opening a company in Delaware. Most of our clients are non-US residents that need a company to use for their international business, or even to hold their assets like boats and real estate. The State of Delaware is also one of the most convenient places for boat registration.
After you form a Delaware LLC (Limited Liability Company), you are not personally liable for your personal property and assets for obligations of your non-resident Delaware LLC. Delaware has very favorable tax legislation. Delaware LLCs with non-resident members are not required to pay company tax as long as there are no transactions within the United States.
Similar types of registrations are GmbH in Germany, Ltd in Great Britain, etc.
Besides Delaware, there are also other popular jurisdictions in the USA. We also assist with offshore company formation in Florida, Wyoming, California, etc.
What are the main benefits of setting up an INC or LLC in Delaware?
- Low formation cost and annual fees
- Minimal paperwork
- Quick set up
- Reputable US company
- No paid-up capital requirement
- Unless you are a US citizen, have a resident permit in the USA (Green Card), or operate in the USA and with US companies, you don't taxes in the USA, except annual expenses of the company
Steps to forming a NON - US LLC in Delaware
- Copy of the passport
- Address, telephone number and, e-mail address (contact person)
- Name of the company. Please send 2-3 names of your choice. It must NOT contain words such as BANK, INSURANCE, LOTTERY, and UNIVERSITY (Company is not allowed to pursue with listed business)
- Your payment to the Euro Commerce LLC bank account
Please note that the whole procedure can be done via email/online, no personal presence or original documents are required.
Kindly note that a legal entity can also incorporate the Delaware company. In this case, company documents have to be presented.
Bank account opening
Price List
1099 USD | With member name stated on the Certificate of Formation |
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1849 USD | Without member name stated on the Certificate of Formation |
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700 USD | Annual fees: Registered Address fee, Franchise Tax, Submission of Annual Franchise tax report |
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100 USD | Annual fee for Ultimate Beneficial Owner report submission |
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200 USD | Annual fee for IRS report submission |
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200 USD | Annual fee for submission of bank account balances of more than USD 10’000 |
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Frequently asked questions
Delaware is a state located in the Mid-Atlantic and Northeastern regions of the United States. On December 7, 1787, Delaware became the first state to ratify the Constitution of the United States, and has since promoted itself as “The First State”.
Delaware’s fourth and current constitution, adopted in 1897, provides for executive, judicial and legislative branches. The Delaware General Assembly consists of a House of Representatives with 41 members and a Senate with 21 members. It sits in Dover, the state capital. Representatives are elected to two-year terms, while senators are elected to four-year terms. The Senate confirms judicial and other nominees appointed by the governor.
Delaware General Corporation Law, which forms the basis of the Delaware Court’s opinions, is widely regarded as giving great flexibility to corporations to manage their affairs. For these reasons, Delaware is considered to have the most business-friendly legal system in the United States, thus a great number of companies are incorporated in Delaware, including 60% of the companies listed on the New York Stock Exchange.
A single-member Delaware LLC for non-US residents that do not elect to be treated as a corporation will be classified as a “disregarded entity”. Single-member LLCs are not recognized by the IRS and therefore pay no taxes at all. Instead, the tax liability is passed through to the member.
Audit and financial returns: Delaware LLC is not required to file state or federal tax returns. Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company. An Annual Report is required only in cases, where there is a distribution of profits to US residents.
Certificate of Formation
Statement of Authorized person
LLC Agreement
Minutes of the first meeting
Certificate of Membership
By allowing you to file anonymously, Delaware laws shield the identities and personal information of business owners. The State of Delaware does not require the names and addresses of LLC members and managers to be made public. Legal proceedings or law enforcement actions are the only two circumstances under which this information must be revealed.
What our clients say
Call us and we will start the process of opening a company today or schedule a consultation if you have any doubts