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Delaware & Nevada Company Incorporation

Delaware & Nevada Company Incorporation

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. 

 

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. 

Paul Hype Page & Co. will give you more information and assistance on policy updates, compliance regulations and changes to tax conditions. Corporate tax in Singapore.

Our team of seasoned professional can also help you set up a company in Singapore very quickly and easily following all legal entities, and offer you sound advice on how to make it successful too.

 

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Here, you will find detailed information about Singapore’s Corporate Tax System. Paul Hype Page & Co helps companies with strategic tax planning, tax advisory, and accountancy services.

  • Singapore Tax Planning
  • International Tax Planning

IRAS (Singapore’s Tax Authority) governs Singapore’s tax system, helps develop a stronger economy, better environment and a more vibrant economy. All companies, regardless of industry, have a legal duty to pay taxes.

Singapore attracts investments from around the world by reducing its corporate income tax rate and introducing different tax incentives. Singapore has one of the lowest corporate tax rates in the world.

As your company’s Tax agent , Paul Hype Page & Co Chartered Accountant  will be fully responsible for the practice of ensuring that these conditions are met. It is important that we be highly qualified and well versed in local regulations and corporate laws, as we are responsible for the upkeep of important company files, tax reports and tax records.