Salaamalekum Ramzi,
Most international companies prefer to incoporate in the state of
Delaware in USA. You can actually incorporate in any state but
Delaware offers these benefits:
Faster incorporation time:
The Division of Corporations offers a variety of services including
"1-Hour", "2-Hour", "Same Day" and "24-Hour" Expedited Services which
are designed to meet your business needs.
http://www.state.de.us/corp/expserv.shtml
Other states can take around a week.
Taxation:
The net profit is taxed between 15-39% in other states. In Delaware,
the minimum tax is just $35 per year
http://www.state.de.us/corp/frtax.shtml
You can calculate how much tax will be applicable to you using:
http://www.state.de.us/corp/frtaxcalc.shtml
Reports:
Reports for Delaware can be filed online at
http://ecorp2.state.de.us/default.sph/ecorpWeb.class
Tax declarations and book-keeping (maintaining accounts):
In the state of Delaware, it is not mandatory. In other states, it is required:
http://www.office-center.info/en/offshore-company-formation.html
Registered agents:
Delaware State has a list of registered agents online. One of them
needs to be engaged to register an offshore company in USA:
http://www.state.de.us/corp/agents/agts.shtml
You just need to engage a registered agent. You do not need a person in US.
Fees:
The fees for registering and managing an off-shore firm needs to be
paid to the registered agents. The fees charged by agents vary. For
example, Delaware Corporations LLC charges just $100 per year as per:
http://www.delawarecorp.com/faqs.htm
Please go through FAQs about opening business in Delaware at:
http://www.delawarecorp.com/choosing_your_de_entity.htm
Bank account:
For opening and operating a bank account, you will need some more formalities.
Valis International lists the process for account opening:
Order from our website <https://secure.valisinternational.com/order>
Scan and email the required documents
Make Payment after your documents have been approved
Receive a completed application package by email
Double check it, (do not add or make changes, if something is wrong,
let us know we will update it and send it to you again), print it,
sign it
Complete the Bank Reference with your local bank
FAX the completed, printed/signed, application package and photocopies
of the required docs to us
We will notify you by email when your bank account is opened with your
Account Number, Signature Card, and Wire Agreement
Compile the original docs per the email you are sent and Courier them to the bank
Card (and checks) are mailed/couriered about 2 weeks after the bank
receives your original docs
http://www2.valisinternational.com/?pg=faq#xxx
They charge around $50 for opening an account. This excludes the
bank's requirements of minimum deposit and charges, if any. Citibank
opens a checking (current) account with a minium deposit of $1500
https://web-ao.da-us.citibank.com/cgi-bin/citifi/scripts/ao_online/pricing_packages.jsp?BV_UseBVCookie=yes&fixupType=1
Most of the registered agents in Delaware can provide banking and
virtual office services. The charges for virtual office are around
$300 per year. You do not need to have an accountant in place for a
foreign business registered in Delaware (if you aren't actually
operating there). For other states, you need to maintain books of
accounts.
Hope that helps! |
Request for Answer Clarification by
ramzi04-ga
on
10 May 2004 02:01 PDT
hey wow, i impressed :) walikum asalam (hope u know the meaning of
this one too) :)
thank you for detailed answer, though my last question is still
unanswered, if you can answer then one too, i will be a happy man :)
its regarding, l/c , i want to receive l/c from my buyer, amend his
l.c with conditions and most impt. money and transfer the l.c to
producer.. this is to keep my money save and not letting buyer or
producing supplier know what actual commission i m making on any
order. I think its called back to back l.c.. or is there any other way
to do this keeping l/c routine in mind.
thanx
|
