Toll Free No:  +65 6221 4733

Large and small business owners alike will find that Delaware company incorporation and Nevada company incorporation provides their business entities with many avenues for profit.

Delaware Nevada Company Incorporation in SG

Offshore Company Formation in Delaware

At Paul Hype Page & Co, company incorporation in Singapore is just one of the many services we provide. We also have services that help with offshore company incorporation.

Both Delaware and Nevada attract much investment, not only from elsewhere in the United States, but also from all over the world. Delaware is a state of contrasts: it is the second-smallest state in the US with a low population of approximately 800,000 but it boasts over 50% of all the companies, including holding companies, incorporated in the US. One in every three companies listed on the New York Stock Exchange is incorporated in Delaware.

In addition to this, more than half of all the companies on the Fortune 500 list are also listed in Delaware. Delaware has a business-friendly environment and favourable tax laws more commonly found outside the US. The fees charged by the government are minimal. Limited liability companies or corporations formed within Delaware will not be charged any income tax or any other tax. Instead, the company is only required to pay a minimal fee of US$75 and US$50 as the additional filing fee. If the company has unlimited liability, then the company will be charged US$250 in a single day.

Thinking of incorporating in Singapore? Let’s get started.

E A S I E R • F A S T E R • B E T T E R

Delaware Company Formation Requirements

The first requirement is that registering a company as an offshore company in Delaware requires that one has to have an agent who is a resident of the state of Delaware. A company will also need to provide the name of one director, one shareholder, and a company secretary. A company is allowed to have corporate shareholders, but not corporate directors. A company established in Delaware as an offshore company also requires a president and the treasurer. In addition to these, Delaware has one of the best business friendly environments in the whole of united states.

Offshore Company Formation in Nevada

Nevada is also an important tax haven in the US. Known best for the city of Las Vegas, Nevada is developing a new identity: that of one of the most business-friendly states in the US. However, Nevada is not a pure tax haven because taxpayers still need to pay federal tax to the US government.

Nevada is also known for its fast business registration services. Many people want quick services when incorporating their companies. Investors want a system where they can register their business and get the relevant authorization immediately. In Nevada, one only has to wait three to five business days before a business is completely registered.

Nevada Company Formation Requirements

To register an offshore business in Nevada, a business must provide the name of at least one shareholder and one director. The shareholder and the director can either be individuals or corporate organizations. They do not need to be local residents of Nevada. Annual meetings of shareholders and directors don’t need to take place within the confines of the state. They can take place in the US or any other country in the world. Details of shareholders and directors are kept private. This ensures privacy of the people in charge of the business is maintained. There is a fixed state tax which does not depend on income but is fixed at US$200 a year. The laws do not require companies to have their accounts audited or have their financial accounts submitted to authorities.

Delaware & Nevada Company Incorporation FAQs

What is a Tax Haven?2020-06-23T15:02:48+08:00

A tax haven corporation does not need to incur any form of corporate tax, capital tax, or income tax. The tax haven corporation only needs to pay an annual fee to relevant government authorities, but without any threat posed towards the financial privacy of the corporation.

Offshore Banking, Sizable Business?2020-06-23T15:02:30+08:00

Although incomplete, statistics point out that offshore banking is a large business. In 2007, the OECD predicted that offshore capital amounts between $5 trillion to $7 trillion, and up to $21 trillion to $32 trillion sheltered in unreported tax haven around the world.

Now, this is where it gets interesting. If this assets earns 3% each year, and such capital were tax levied at 30%, it would still create a wealth between $190 billion to $280 billion in tax revenues, which is more than any other tax shelters.

How many Business Licenses are required by an Offshore Company?2020-06-23T15:02:06+08:00

The number of business licenses required by any company in Singapore is entirely dependent on the type of business activities to be conducted. This is true of offshore companies as well. Thus, there is no set number of business licenses required by an offshore company – it may be as few or as many as necessary. 

2021-02-05T09:29:38+08:00January 6, 2015|Comments Off on Delaware & Nevada Company Incorporation
forumforum
Go to Top