Delaware Company Formation
United States of America is not considered to be the tax friendly zone but it has a provision according to which Limited Liability Companies (LLCs) can be incorporated. In certain circumstances, LLCs are considered to be free from tax liability. If we talk of American perception of LLC then normally LLC is neither a partnership nor a corporation. Instead it is a type of partnership where the legal entity (company) enter into the partnership and such partnership have limited liability. LLCs are not subjected to any taxation, instead the income that it provides to the owner or members of the company, is liable for the taxation.
Any company incorporated in USA, which has non-USA residents as its member and does not generates any income and not get involves in any sort of business, will not be held liable to any sort of taxation and considered to be free from any income tax of state and federal tax duty. The states in which LLCs are allowed to be incorporated are; Delaware, Arkansas, New York, Washington, New Jersey, Florida, and Wyoming Oregon. These states require only the company annual report and the annual license fee.
Following are requirements for company incorporation in Delaware:
Kindly have a look at the section of fee schedule for description of incorporation fee. However here is the summary of the fees structure:
Once your company incorporates, you will get; certificate of incorporation along with M & A five copies, and original formation documents and minutes.
It takes 1 to 2 weeks for company incorporation in Delaware.
Offshore Bank Account
For the updated details on the facility of offshore bank account, please refer to the section of fee schedule.