Company + bank account in Delaware: all pros and cons

Delaware is now considered the capital of corporations. More than 200 large organizations operate in this state. In this regard, the actual question is how to open an offshore in Delaware as well as what are the pros and cons of buying a company.

Main forms of organizations

The organizations in the state can be divided into three types - LLC, types S and C. Structures can be used as offshore organizations, such as Delaware companies that can be registered by non-residents of the United States. Activities may only be conducted outside the jurisdiction.

Most often an LLC is registered in the state, this structure is considered an alternative for IBC. There are some advantages to establishing a company in the United States:

• An organization may have only one founder, an individual or a legal entity, and no appointment of a director is required. A member can be in charge of the management, and there are no restrictions on the number of members.
• Debts are not considered as the subjects to the personal liability of participants.
• There are no restrictions on the minimum amount of capital.

If the founders of an LLC are non-residents, the income tax is paid in proportion to the income received in the United States. The company's activity is carried out in accordance with a written agreement.

Company owners may manage the company. Personal liability is limited to the money invested by the owners in the company. There are no restrictions on opening bank accounts.

Benefits of registering an LLC in Delaware

Registering a company or buying an offshore company is a relatively simple procedure and is similar to opening a company in other countries. However, the advantage here is that it is possible to work in almost any field permitted by law.

The staff must have a registered office. There are no limits to the amount of capital. The smallest number of shareholders and directors is 1, which can be a natural or legal person.

Information about transactions at the bank is not available to third parties. Data on participants is available to the public. Registration of a company takes less than a month. The Certificate of Incorporation must contain information about the name of the company, the office address, and the agent. If you have any questions regarding the registration of a company, please contact our specialists at IT-OFFSHORE.

LLC may not pay taxes which are subject to certain rules. No payment is required if the business is not conducted in the USA. Non-resident individuals do not pay income tax on funds received in the United States.

Registration of an offshore company in Delaware

Delaware is popular among businessmen due to its loyal legislation. The state is distinguished by attractive conditions for business activity. If you need to open an account, you must pay the annual fee. To use an offshore account, the company must have a representative office in the form of a state office.

The smallest amount of share capital is not defined. The advantage of registering an offshore company in Delaware is that it is one of the most popular places for conducting business. Taxes are virtually non-existent, and there is no need to pay them when doing business outside the country.

Nominee managers can be used. The cost of offshore services is relatively low, and there are no strict requirements on capital as well as the minimum account balance.

Advantages of a local bank account

Creating a bank account in Delaware is only possible with personal a visit. A number of requirements must be met. For example, when you open an account with Silicon Valley Bank, you need to have a contributions from invest from an accredited investor. Opening an account allows you to fully operate and benefit from the favorable terms and conditions for U.S. banks.