Incorporate Offshore Companies of Delaware With the Help of ISOG Lawyer.
Delaware is the second smallest state in the United States situated northeast on the Atlantic Coast. There is an estimated population of 800,000. The official language is English. This state offers attractive tax regulations, innovative corporate laws and the existence of a chancery court system. Delaware has long been considered the most popular jurisdiction for incorporation of holding companies and multinational corporations.
Offshore companies can carry out the same types of business as onshore companies and the liability of its shareholders is generally limited to the amount of capital they have invested into the company.
The tax rate applied by the government in the jurisdiction in which an offshore company is incorporated is very low if not zero. In some jurisdictions, offshore companies offer a high level of confidentiality which onshore companies do not have.
Usually an offshore company cannot operate in the jurisdiction where it has been incorporated. An exception is Panama, where an anonymous company can at the same time operate offshore at a zero tax rate and onshore at the local tax rate.
The formation of an offshore company is quite simple, as well as its management and administration, but it requires some planning. In fact, a company does not need to be administered in the country of its incorporation.
What you need to think about is the objectives you want to achieve by setting up an offshore company: Do you need confidentiality?; Do you need to operate freely in European countries?; Do you need to operate in countries which have a double taxation agreement in place?; or Do you need to protect your company assets from confiscation or expropriation orders or similar actions by foreign governments?
- No limitation on ownership of other corporations
- Well developed professional infrastructure
- No tax penalties on liquidation
- Regulated financial services industry
- Generally perpetual
- Combines the corporate advantages of limited liability with partnership classification
- Flexibility on class of shares.
|Type of company||Limited Liability Company (LLC)|
|Companies Law||Delaware Limited Liability Company Act|
|Bearer Share Permitted||N/A|
|Minimum License Fee||USD 250|
|Disclosure of Ownership||No|
|Corporate Seal Required||Yes|