USA – Delaware Offshore Company

The United States is not usually thought of as a tax haven. The LLC or Limited Liability Company is however a legal structure which, in the right circumstances is not liable to taxation. The LLC is not a corporation and whilst it is not a partnership, probably the easiest way of describing it is as a partnership which is a legal person and which has limited liability. The LLC is not itself taxed and its income is taxed in the hands of the members or owners.

A United States Limited Liability Company which has non-resident members and which conducts no business and has no source of income in the United States is not subject to federal income tax and generally not subject to state income tax. The states in which LLC’s are usually formed are Delaware, Wyoming, Oregon, New Jersey, New York, Florida, Washington and Arkansas. These states require only a minimum annual report and a flat annual license fee.

USA LLC offshore company regulations
Type of entity IBC
Type of law Common
Corporate taxation Fiscally Transparent
Double taxation treaties available Normally No
Share Capital
Usual currency N/A
Permitted currencies N/A
Minimum paid up N/A
Usual authorised N/A
Directors
Minimum number N/A
Local resident required N/A
Records publicly available N/A
Corporate Director allowed N/A
Shareholders / Members
Minimum number 1
Records publicly available No
Location of Meetings Anywhere
Company Secretary
Required N/A
Local or qualified N/A
Accounts
Required Yes
Audit required No
Filing required No
Publicly available No
Other
Annual return required Yes
Change of domicile permitted Yes, for most States
Shelf companies available Only within the USA
Time to incorporate a shelf co 2-3 working days
Time to incorporate a new co 3-5 working days