Delaware, Ready Made Shelf LLC
Tax Status: Mixed Onshore / Offshore. No Tax if correctly structured.
Advantages: Delaware is an easy and reliable state in which to incorporate or form LLCs, plus the annual cost is low. Delaware has no sales tax or intangible personal property tax. No Delaware income tax has to be paid and a business license is not required if the Corporation does not do business in Delaware. Over half of Fortune 500 companies have selected Delaware as the State in which to Incorporate.
Disadvantages: Delaware is very well known for legal tax planning and avoidance and as a result, banks and potential clients may be wary of dealing with a Delaware LLC.
Directors and Shareholders: Delaware Companies may have local or foreign Directors / Managers and Shareholders / Stockholders. We have Personal and Corporate Nominee Directors and Shareholders available for our shelf companies on a case by case basis only.
Banking: We do have banking solutions available within the United States, however the requirements are specific and strict. Our local Agents can assist with the application for a bank account.
Accounting Requirements: All corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax.
Annual Requirements: There is an annual fee payable for maintaining a Delaware Company, plus costs for Registered Office / Agent, Nominee Directors and Shareholders.
Recommended Use: We recommend Delaware as a place to set up an International Company and do business internationally, but not in Delaware. As a State in the United States of America, Delaware is perfect for tax planning and legal tax avoidance structures of any size.
Due Diligence: To comply with legal requirements in your jurisdiction of choice, before we can supply any ready-made ‘shelf’ or pre-incorporated Company, IBC or LLC to you, we will require identification of the beneficial owner such as passport copy and proof of address. Specific details will be provided upon application, depending on your full requirements.
DISCLAIMER: Please note that we do not give legal advice. We assist to incorporate and maintain companies, sell pre-existing or ready-made shelf companies and provide nominee directors and shareholders. We accept no responsibility or liability for the actions of those operating the companies that we sell. Liability and responsibility remains with the beneficial owner or end user of the company.