- No obligation to live or do business in Delaware, you can remotely manage your company- No obligation to maintain or file your accounts and organize your meetings in Delaware
- Total absence of profits tax
- Absence of Sales Tax (also known as VAT in Europe)
- Possibility not to show appear in the public records for more privacy
- To register a boat, Delaware offers the lowest taxes in the United States
III. What will my incorporation cost, and the following years?
| Service | Price upon application | Price after first year |
| Basic incorporation (before options) | $490.00 | $150.00 per year |
| Mail forwarding service | $350.00 | $350.00 per year |
| Appointment of nominee director | $400.00 | $400.00 per year |
| Introduction to a US bank | $350.00 | n/a |
| Introduction to a Caribbean bank | $690.00 | n/a |
| Merchant account to process credit cards | $300.00 | n/a |
| Boat registration in Delaware | $40.00 | $15.00 per year |
| Change of Registered Agent/Office | $150.00 | $150.00 per year |
IV. What State tax must a Delaware company pay?
The State of Delaware charges a tax to all its companies, it is called Franchise Tax, even if your company has remained dormant. The amounts are:
- For the Corporations: $125.00 before each 1st day of March
- For the LLC: $250.00 before each 1st day of June
- For the Foundations: $25.00 before each 1st day of March
Please note that if you choose to incorporate with more than 1,500 shares of stock, the amount of the Franchise Tax will be higher, this is the reason why most of our clients choose to incorporate with 1,500 shares at $0.00 par value (NO PAR value).
Our firm will collect this annual tax, prepare and file the report with the Division of Revenue for a fee of $40.00. You will receive an e-mail in the month before the due date, inviting you to pay on our secured site. A tax receipt from the State of Delaware will then be returned to you, showing that your company is up to date with its Franchise Tax. Not paying this tax by the due date may result in high penalty fees.
V. To do business by incorporating in Delaware,
how can I know if my activity is compliant?
Doing business with a company incorporated in Delaware without being physically there, prohibits you from having a shop, office or physical presence in your own country. A virtual activity is therefore perfect, such as programming websites, graphic designs, or selling virtual services for which you do not need to meet your clients in person.
If you are still unsure on this point, we invite you to send us a message through the "Contact us" section of the website to tell us about your plans, we will let you know whether your activity is compliant with the corporate structures offered by EABCI.
VI. How long will it take to complete my incorporation
once I have placed my order?
Your order must reach us before 5 pm local time (when it is 10 pm in London, UK). This deadline may also include your full credit card payment processed and approved online by our bank. As soon as the said criterias are matched, you are guaranteed that your company will be incorporated on the following day, and you may start immediately to do business, as the entity will be considered as existent. In case we receive your completed order and payment after the deadline, the administration will process your incorporation one business day later.
VII. What are the payment methods accepted by EABCI?
We accept on-line payments made by Visa, Mastercard, Discover and American Express credit cards. Your card will be charged in the name of EABCI and in United States Dollars (USD).
VIII. I plan to purchase a leisure boat in the United States as they are cheaper.
What shall I do when my purchase transaction is nearly done?
You must already have incorporated a company through our firm (a Corporation will be better for you) with the option of mail forwarding service and, in most cases, appointed us as nominee director to preserve all the advantages of the Delaware flag if you plan to keep the boat in your country and/or navigate within the European waters. We will request an Employer Identification Number (also known as federal tax ID number) within the 24 hours following the completion of the company incorporation as this information is mandatory to register a boat in the United States (the seller as well as many administrations will need it.)
Once you are about to close your transaction with the seller, you may send us by e-mail (scanned images) the documents that the seller will give you, you can also send us them by fax (legible pages). We will let you know if all the documents that you have are compliant with the requirements of State of Delaware and will proceed with the boat registration without need for you to come in person in Delaware, nor bring your boat there. All the formalities will be completed remotely.
You will then receive a boat registration card with two decals showing the annual boat tax payment. The boat tax applies by calendar year (from January 1st thru December 31st), which means that you will need to renew your boat card by January of the following year. EABCI will contact you one month before the expiration to make sure that you receive your new card and the new tax decals in due course.
To know the amount of the boat tax collected each year by the State of Delaware, you can check the "Services" section of the website where a tab will list the brackets.
IX. I found other Delaware incorporating firms,
but they cannot provide me with an EIN.
It is not the first time that prospective clients contact us because they incorporated a company through the service of a competitor who told them, only once the company was active, that they there was nothing they could do to obtain an EIN (Employer Identification Number). The entity unfortunately is of no use in the United States in such a case.
The EIN in the United States is the tax identification number of a company (which is quite similar to the European VAT number). This number is mandatory to open a US business bank account, sign up for a merchant account to process credit cards, and hold assets in the same of the company such as a vehicle, a boat or any form of property). Without this EIN, having a company incorporated in the United States and all its corporate documents in hand will be insufficient, as the computing systems of your many potential US partners such as banks or administrations will not be able to confirm your identity. The company itself with EIN is unuseful on the US soil, but may however open an account overseas.
EABCI is at the time being the only incorporating firm able to offer you an Employer Identification Number (EIN), as we are directly connected to the US revenue department (IRS - Internal Revenue Service) and can have your EIN assigned (with an official letter of confirmation) only within one business day after your company is incorporated. None of our competitors will offer you this service if you are a non-US resident/person and do not have a personal Social Security Number (SSN).
X. In the USA, a Social Security Number (SSN) is always required
in addition to an EIN to open a business bank account.
How will EABCI help me in this step?
We entered into a partnership with a major US bank. We are able to introduce you even if you cannot provide them with a US Social Security Number. You will be issued with a check-book in the name of your company, as well as a Visa card allowing payments and withdrawals all around the world. However, this bank will restrict the daily limits of the card to people who do not have an SSN:
- The Visa card will have a daily purchase limit of $400.00
- The Visa card will have a daily withdrawal limit of $100.00
You may be able to withdraw funds all over the world and make payments, even on the Internet/phone, as it is a classic Visa card and not a Visa Electron which is less useful to company owners. Outgoing wire/telegraphic transfers will not be allowed but only US direct debits (ACH debits). The bank made this decision for security reasons, as the non-resident clientele is always more complicated to deal with. We have not found up to date any competitor offering such a service, which besides is subject to a high demand from international clients.
The Social Security Number (SSN) and Employer Identification Number (EIN) are not required for the account that we propose in the Caribbean.
XI. I have more questions, how can I contact you?
We perfectly undertand that an FAQ (Frequently Asked Question) may not answer all your questions, as we consider each case as unique.
We invite you to visit the "Contact us" section of the website. We will reply within one business day in a detailed and personalized manner.
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