History of Delaware
Delaware is one of the 50 states of the United States, located in the northeast of the country, neighbouring New Jersey and facing the Atlantic Ocean. It was the first state to sign the Constitution of the United States in 1787 (hence its motto “It’s good being first”). It is now considered one of the most attractive and advantageous offshore destinations in the world.
Delaware as an Offshore Centre
As a standard tax destination, Delaware allows no billing in Europe (risk of re-characterization) but may be a good way to get a permanent resident visa for the United States. Frequently used for the registration of boats, cars and real estate purchases, companies moving to Delaware are regulated by Common Law and the Delaware Corporation Law 1994 – 5.
Similar to a classic offshore company (IBC), the Limited Liability Company (LLC) is a company structure that has existed since 1991. An LLC has the same benefits as a traditional IBC and may be created by non-residents. This type of company has no shareholders and cannot engage in commercial activity in the United States or hire American workers. Profits made outside the borders of the country are not taxed.
Setting up an offshore company in Delaware is a good way to get a coveted green card, allowing you to live permanently and work in the United States. To become an American citizen, you must have had a green card for at least 5 years and make a naturalization application.
Types of Delaware Company
Once the required documents have been assembled and the fees paid, the company can be created in just two days. The various types of companies in Delaware are the same as throughout the country :
- The Close Corporation
- The Non Profit Corporation
- The S Corporation
- The Limited Liability Company
- The General Corporation
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