It is considered that Delaware has one of the most business-friendly legal systems in the United States. The Delaware General Corporation Law provides excellent flexibility to foreign corporations. Few features of an offshore company in Delaware are:
- In comparison to the other states of the country, the franchise tax levied in the state of Delaware is favourable in comparison to the other states.
- If you have a business in Delaware, one does not require a primary place of business.
- Delaware Offshore companies are very flexible in terms of capitalisation, directors, shareholders and the shares of the company
- There are no residency requirements for directors, officers or shareholders in Delaware Offshore company.
- A Corporation is one of the most reputable structures for a company all over the world.
Delaware Offshore Company is Ideal for
Consultancy Business
Exporting and importing of products
Custody of Real Estate
For inheritance
For expatriates
Holding intellectual property rights
E-Commerce
Characteristics of Delaware Offshore Company
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Company Type |
Limited Liability Company (LLC). Must use LLC at the end of the name of the company. |
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Governing Corporate Legislation |
Governing Authority is the Delaware Secretary of State, and the companies are regulated under the Delaware Corporation and Business Law. |
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Confidentiality |
Delaware offers a high level of anonymity and privacy to businesses |
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Accounting Requirements |
No such accounting and reporting requirements |
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Taxation |
No taxation (if there are no transactions in the US) |
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Legislation |
Modern Offshore Legislation |
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Stability |
Stable jurisdiction with a good reputation (USA) |
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Paid-up capital requirement |
No requirement of Paid-up Capital |
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Minimum directors and shareholders |
Minimum one director and one shareholder |
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The requirement to appoint Company Secretary |
Optional |
Offshore Company Registration in Delaware
Step 1 – Fill out an Application Form
An application form containing all the relevant and necessary details of the company and the personal details has to be filled for an offshore company.
Step 2 – Uploading your Documents
After filling and submitting the form one also has to submit the relevant documents of the company according to the business entity chosen.
Step 3 – Register the Company
The registration of the company is the next step. For the registration of your company, all the documents which are submitted should be approved by the relevant authority. We at Business Setup Worldwide understand the process in authorities closely and our years of experience will help you in registering your company in minimum time.
Step 4 – Additional Services
A company may require additional services such as nominee director, Offshore corporate bank account, etc. We provide a 360-degree range of business solutions for you to advance your business.
Step 5 – Company Kit Dispatch
In the final step, you will receive a company kit which will consist of all the necessary documents of the company. You will also be allocated a dedicated relationship manager to handle your project.
Documents Required to Set up Offshore Company in Delaware
The documents required to register an Offshore business in Delaware are:
- Certified copy of an ID proof
- Proof of domicile
- Statement of personal bank account
- Recent bank reference letter
Optional or Recommended Services
- Delaware Offshore Company Bank Account
- Accounting and Auditing Services in Delaware
- Delaware Nominee Director/Shareholder Services
- Obtaining Business License in Delaware
- Intellectual Property and Trademark
- Corporate Secretarial Services in Delaware
1.What is an Offshore Company?
An offshore company can be described as companies that conduct zero volume of business within their jurisdiction of incorporation.
2.Why form a Delaware LLC?
The company structure and the rules which govern its members are mentioned in an Operating Agreement. This agreement is drafted by the members of the company.
3.Do you need to be physically present while opening a bank account?
This depends upon the bank, which is chosen by the company. Some banks open an account with only correspondence but in some of the banks, you need to be physically present.
4.What is a nominee director?
A nominee director can be used if the client is unable to meet the local requirements. The name of the nominee director will be mentioned in all the necessary documents of the company.