Delaware offers a business-friendly environment for companies looking to establish their business in the territory. It is a stable political and economic jurisdiction which is suitable for conducting offshore business. There are ample amount of business opportunities that are made available with flexible options for company incorporation.
An offshore business is an easier option for business owners to reduce expenditures in the form of taxes, operation, and benefit from the various advantages provided by the offshore jurisdiction. Delaware is a prominent offshore business, as well as for opening an offshore bank account. This guide will help you in understanding the various aspects of starting a Limited Liability Company (LLC) in Delaware.
What is an LLC?
A Limited Liability Company (LLC) is a type of business entity that allows business owners to establish a business in an offshore jurisdiction. LLC is a core term used in the offshore industry, which is known form providing a convenient way for international holding, bank account, and an ideal vehicle for financial transactions. There are various purposes of an LLC, such as:
- Opening an offshore bank account
- Carry out legitimate transactions
- Investment in an offshore jurisdiction
- Offshore yacht or ship registration
- International holding
- Asset Protection
- Intellectual property holding
How to Start an LLC in Delaware?
To get started with the offshore company formation procedure, you need first to have the below-mentioned documents:
- A copy of passport
- Company name
- Contact details and address proof
- Application form
It is best to hire professional business setup services to get started with your Delaware LLC without much hassle. Professional services ensure quick and easy business setup with minimum requirements and efforts from your end.
The procedure for starting an offshore company in Delaware is given below:
1. Select a business name for your company. The trade name should be unique, which is not already in use.
2. Provide the necessary information regarding the company, such as personal details, information of directors, and shareholders.
3. Submit the required documents, which include copies of only certified passport and certified proof of address. Additional documents (bank reference letter, business plan and CV might also be required)
After following the above procedure, dedicated professionals from the business incorporation service provider would take care of the business setup procedure.
Once your business incorporation is completed, you can proceed with the next step, i.e., opening an offshore bank account. You can also avail of additional services such as auditing and accounting, IP services, company secretarial services, and nominee director services.
Benefits of Delaware LLC
The following are some of the benefits of starting an offshore company in Delaware:
Lower Tax Rates
Offshore companies in Delaware enjoy tax benefits such as lower rates, exemptions, and other tax-related incentives. A majority of business owners are drawn towards tax havens to reduce the overall company expenditure by saving tax.
The cost of running an offshore business is quite low. Also, the cost of establishing a business in an offshore territory is affordable owing to factors such as lower tax rates, low government fees, flexible offshore policies, and minimum requirements.
Good Financial Facilities
Delaware has some of the most prominent and top-notch international banks. They provide world-class banking facilities with excellent infrastructure and financial support. Offshore bank accounts are widely known as a safe option for your investments and deposits in a foreign territory.
Various Exemptions and Benefits
The flexible offshore laws in Delaware provide companies with various exemptions and benefits, which is beneficial for the longer sustainment of the business. A business owner can make use of these rules and regulations for smoothly ruining their companies in the offshore jurisdiction.
Starting an offshore business in Delaware can be comfortable with the help of professional business setup services. Business Setup Worldwide is a platform that assists with offshore company formation in Delaware. We have years of experience with offshore business registration and would provide extensive support to get your business up and running in less time.
The following are some of the benefits of starting a Delaware LLC with professional services:
- Quick and easy setup
- Minimal documentation
- Low annual fee
- Less formation cost
- No paid-up capital requirement
You can contact us today to get started with offshore company formation in Delaware!