Delaware LLC - Tax Free LLC

DELAWARE LLC - DELAWARE TAX FREE LIMITED LIABILITY COMPANIES

Delaware is a state of the United States of America. It has long been an Offshore Center, similar to the Offshore Centers outside of the United States, for non US citizens and residents, who do no business in the United States.

The Delaware LLC is a unique non-taxable offshore corporate structure, frequently used for conducting international business outside of the United States. It is preferred to US "C" Corporations, as these corporations must file income tax returns on their worldwide income even if they owe no US taxes, do no business in the US, and are owned by non US citizens/residents. A Delaware LLC also has better asset protection features than "C" Corporations.

OVERVIEW OF KEY FEATURES

Unlike a US corporation, a Delaware Limited Liability Company (LLC) does not pay US state or federal income tax if its owners are not US citizens or green card holders, its offices are located outside of the US, and the LLC does no business in the US.

Such an LLC also is not required to file state or federal tax returns.

A Delaware LLC may have a minimum of one "member" (owner) or more. Each member of a Delaware LLC is liable only to the extent of his or her percentage of ownership in the LLC.

LLCs have excellent asset protection features. The assets of an LLC generally cannot be seized; only a "charging order" on distributions can be obtained. Note that in the US, a sole member LLC may be treated differently than an overseas LLC. In that case, if asset protection is critical, having an additional Nominee Member may be desirable (Contact Maritime International Ltd. for details).

QUICK REVIEW OF DELAWARE TAX FREE LLCs

Location of Jurisdiction	USA
Political Stability	Excellent
Tax on Delaware LLC	None
Bearer Shares Allowed	N/A
Disclosure of Beneficial Owner	No
Exchange Controls	None
Common or Civil Law	Common
Minimum No. of Members	One
Minimum No. of Managers	One
Corporate Members/Managers Allowed	Yes
Nationality of Directors/Shareholders	Any Country
Local Registered Office/Agent Required	Yes (Provided by Maritime International Ltd.)
Annual Meetings Required	Yes
Annual Accounts/Tax Return/Audit Required	No
Nominee Member/Manager	Available from Maritime International Ltd.
Shelf Companies Available	Yes (Click for a Listing)
Company Management Structures Available	Yes
Optional Structures Available (LLC & IBC)	Yes

DELAWARE LIMITED LIABILITY COMPANY (LLC) FEES

• Click Here for Typical Delaware LLC Formation Fees
• Compare Delaware Company Fees to Other Jurisdictions
• Request a No-Obligation Quotation or Place an Order for a Delaware LLC
• Click Here for More Information on the Structure and Management of Offshore LLCs

GENERAL INFORMATION

NAME RESTRICTIONS

The Delaware LLC company may not use a name identical or similar to an existing company within the State of Delaware. The use of the following words is also prohibited: Bank, Insurance, or Reinsurance.

TIME TO INCORPORATE

Usually takes 1 to 2 business days to incorporate plus processing and courier time to deliver, depending on the location of the client. The company can legally be used by the client as of the date of incorporation.

RE-DOMICILE OF DELAWARE LLCs

The Delaware Limited Liability Company can be re-domiciled into or out of the United States.

General Information

Professional Services

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