Delaware Offshore Company
Delaware is a state that is located midway between New York City and Washington
D.C. Delaware was the first of the thirteen states which drafted the Federal
Constitution, to ratify it and is therefore known as The First State. The
important domestic and export markets are well connected to Delaware by means
of highways, railways, air, and sea. It also has well developed infrastructure
and deepwater berths available at Port Wilmington on the Delaware River which
is just 60 miles away from the major shipping lanes of the Atlantic Ocean. The
state is known for the Delaware General Corporation Law which is believed to be
the friendliest in America. This is indicative of a stable legal system, which
is the reason why you should incorporate a Delaware Offshore Company. You would
be surprised to know that Delaware has about 50% of the corporations listed on
the New York Stock Exchange.
The nonresident limited liability company (LLC) is the usual form of offshore
business. The main advantage of a LLC is that it is a separate entity from its
owners who are termed as members and the liability of the individual is
limited to the extent of their investment.
The Delaware Offshore company formation formalities for a LLC are very flexible,
and the important features are given below:
The minimum number of members and managers is one each.
One single individual can hold all the offices of the President, Treasurer,
and the Secretary.
There are no stipulations for minimum capital requirements.
Bearer shares are not permitted.
It is mandatory to maintain a registered office and agent in Delaware.
There is no requirement to file financial statements. Financial statements
will have to be filed if the LLC owns assets in Delaware or has had local
business transactions.
There is no requirement to disclose beneficial ownership.
Owners are not personally liable for debts or other obligations of the LLC.
Their amount of liability is restricted to their amount of investment.
When you open a Delaware LLC, you need a written LLC agreement, and a
certificate of formation which has been filed with the Delaware Secretary of
State.
When you incorporate a Delaware Offshore Company, you will obtain the following
advantages:
- The process of registration is computerized, fast, and easy.
- An electronic Certificate of Incorporation or Registration is issued
immediately. You will also receive a hard copy of the certificate in due course.
- You can do any business which is not prohibited by law.
- There are no restrictions, whatsoever, on citizenship or residency of owners.
- Information on the owners of the company is not publicly available, but will
be completely confidential.
- A liquidated company can be reopened upon payment of all dues and fees.
Other advantages that you will find when you open a Delaware Offshore Company
are given below:
Privacy protection
Limited liability without paid up capital requirements
No taxation on any kind of incomes
No accounting requirements
Anonymity
No auditing
Opening a Delaware Offshore company provides you with many excellent advantages
and there is absolutely no reason why you should delay opening your account.