Offshore Companies – Atrium & Associates

Vanuatu

manutencao — Tue, 26 Sep 2023 14:01:39 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Vanuatu

Why choose this jurisdiction when starting a business?

General Info

Vanuatu International Company (VIC)

There are many benefits to registering an International company in an offshore finance centre such as Vanuatu, where there are no personal or corporate income taxes, no capital gains taxes and a relatively high degree of privacy regarding ownership.

Vanuatu is one of the few countries that, so far, did not sign and did not express any expected date to sign the AEOI – Automatic Exchange Of Information.

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Director and shareholder meetings held anywhere

No audit on financial statements

High level of privacy and confidentiality

Packages and Prices

Vanuatu

Standard
Package

The cheapest option company formation, payment government fees, registered office, local registered agent, Client Due Diligence (CDD) full and free tax and legal assistance, and much more, to keep your entity fully compliant.

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Business
Package

A special package with all services as included on the Standard Package, plus our Bank Account opening services with an internationally known financial institution, offering you online banking, multi-currency account, debit cards and all other major banking services you may need.

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Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

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Benefits include:

May carry on business anywhere in the world except Vanuatu.

May carry on any business pursuant to Vanuatu International Companies Act Cap.222 except to the limitation of the jurisdiction the business is carried, e.g. banking, insurance.

Company name may end with Limited, Incorporated, Corporation, Sendirian Berhad, Responsabilite Limitee, Gesellschaft mit beschrankter Haftung, Besloten Vennootschap or their abbreviations.

Director and shareholder may be natural person or corporate entity, (1) no specific requirement on residence or citizenship, (2) minimum number is 1, (3) sole director may also be the sole shareholder.

Director meeting and shareholder meeting may be held anywhere.

Meetings via telephone, facsimile, conference calls, electronic means are acceptable.

May not require an authorized capital.

Government fee is fixed disregard the amount of capital.

Limited by shares or guarantee or both.

Bearer shares are allowed but shares can only be held by an authorized custodian not by the owner.

No audit on financial statements.

No annual returns, filing required.

Except the constitution filed with the Commission Registry, the company’s statutory registers will be maintained only with the registered agent.

No need to file with governmental authorities in respect of company structure.

Company search not entertained unless authorized by the international company.

High level of privacy and confidentiality.

Government support on high confidentiality by the provisions of the International Companies Act No.32 of 1992. The Act states that:

“125.
(1) Any person, except when required by a court of competent jurisdiction, with respect to any company otherwise than for the purposes of the administration of this Act or for the carrying on of the business of the company, in Vanuatu or elsewhere, divulge, attempts, offers or threatens to divulges or induces or attempts to induce other persons to divulge any information cornering or respecting: (a) The shareholding in or beneficial ownership of any share or shares in a company; (b) The management of such company; or (c) Any of the business, financial or other affairs or transactions of the company; shall be guilty of an offence;
(2) Any person who contravenes the provisions of sub section (1) shall, on conviction, be liable to a fine not exceeding US$ 100,000 or to imprisonment for a term not exceeding 5 years or to both such fine and imprisonment.”

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

Vanuatu – General Info

manutencao — Tue, 26 Sep 2023 14:01:25 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Vanuatu

International Company

See Advantages

General Info

Procedures to incorporate

At present, Vanuatu has not signed any international treaties on Tax Information Exchange Agreements (TIEA) with PRC, HK S.A.R. and Macau S.A.R.

Thus no formal channel on tax information exchange. Government has no intention to enter into such agreement to maintain the high level of tax privacy of the international companies.

Vanuatu is currently on the “White list” of the OECD as Vanuatu has met substantially implemented internationally agreed-upon tax standards. “White list” of the OECD means Vanuatu is not on the “Black list” of world money laundry nations.

Compliance

+ Authorised and Issued Share Capital

The usual authorised share capital for an Exempt Company is US$ 10,000. Most International Companies do not have an authorised capital as it is not required and the concept does not exist in the Act. Exempt and International Companies may have their capital expressed in any currency.

+ Taxation

Domestic taxation is not payable on the net chargeable profits of Exempt and International Companies.

+ Double Taxation Agreement

None.

+ Financial Statements

There is no requirement for an International Company to file accounts. However, the Commission may, by notice in writing to a company, require that company to provide the Commission with up-to-date audited accounting records and financial statement of the company within the period set out in the notice. Penalty fees of VT 200.000 for an individual and VT 1 million for a body corporate may apply for any offense made under the above provision. As a consequence, we highly recommend maintaining an appropriate accounting system for your company(ies).

+ Classes of Shares Permitted

Registered shares, preference shares, redeemable shares and voting or non-voting shares.

+ Annual Franchise Taxes

An International Company pays US$300 per annum. An Exempt Company pays a minimum sum of US$450 per annum; this amount may increase if a company has a high-authorised capital.

+ Directors

The minimum number of directors required for both Exempt and International Companies is one. The directors may be natural persons or bodies corporate, may be of any nationality and need not be resident in Vanuatu. However, Exempt Companies must have at least one resident director.

+ Company Secretary

An Exempt Company must appoint a company secretary. An International Company need not appoint a company secretary, although it is customary to do so to facilitate signing requirements.

+ Shareholders

The minimum number of shareholders of an International Company is one. An Exempt Company requires two.

Key Corporate Features

+ General

Type of Company – International
Shelf company availability – Yes
Our time to establish a new company – 2 days
Political Stability – Good
Common or Civil Law – Common
Disclosure of Beneficial Owner – No
Migration of Domicile Permitted – Yes
Corporate Taxation – Nil
Double Taxation Treaty Access – None
Language of Name – Latin and other alphabets

+ Corporate requirements

Minimum Number of Shareholders / Members – One
Minimum Number of Directors / Managers – One
Corporate Directors / Managers Permitted – Yes
Company Secretary required – No
Usual Authorised Capital – None

+ Local requirements

Registered Office – Yes
Registered Agent – Yes
Company Secretary – No
Local Directors – No
Local Meetings – No
Government Register of Directors / Managers – No
Government Register of Shareholders / Members – No

+ Annual requirements

Annual Return – No
Annual Return Filing Fee – No
Annual Audit – No

+ Recurring Government costs

Minimum Annual Tax / Licence Fee – US$300
Annual Return Filing Fee – N/A

Packages and Prices

Vanuatu

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

Order Now

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

Marshall Islands – General Info

manutencao — Tue, 11 Oct 2022 11:04:52 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Marshall Islands

International Business Company

See Advantages

General Info

Procedures to incorporate

Currently, the Marshall Islands is a democratic and independent state, which has had no legal reform in the last 12 months. The foundation of the legal system in the Marshall Islands partially derives from the legislation of Delaware State, which ensures friendliness and flexibility of the legal infrastructure towards the business community, making it a suitable choice for international corporations, Partnerships, Limited Liability Partnerships and Limited Liability Companies in various capacities.

The Republic of the Marshall Islands maintains a politically stable, democratically elected parliamentary system of government, consisting of two legislative chambers which elect the President from among their members for a four-year term. The jurisdiction has one of the biggest ships registers so would be the perfect location for companies that are planning to own and manage yachts and ships.

Offshore Incorporation

General Information:

Total Area: 181 sq. km
Population: 70,000
Location: The Marshall Islands is a Micronesian island nation in the western Pacific Ocean, located north of Nauru and Kiribati, east of the Federated States of Micronesia and south of the US territory of Wake Island.
Political status: Republic
Capital: Majuro
Official Language: English, Marshall
Official Currency: USA Dollar (USD)
Time Zone: GMT +12

Company Type: Non-resident Domestic Corporation.

Directors/Officers: Marshall Islands non-resident companies require a minimum of 1 Director, who may be a natural person or a corporate body from any legal jurisdiction. Each Marshall Islands company must keep information on its Directors with the Registered Agent.

Shareholders: Marshall Islands non-resident companies require a minimum of 1 shareholder, who may be a natural person or a corporate body from any legal jurisdiction. Each Marshall Islands company must keep information on its shareholders with the Registered Agent.

Secretary: Marshall Islands non-resident companies require a minimum of 1 Secretary, who may be a natural person or a corporate body from any legal jurisdiction. Each Marshall Islands company must keep information on its Secretary with the Registered Agent.

Authorised share capital: Standard authorised capital = USD 50,000. There is no statutory requirement for capital to be fully or partly paid on incorporation.

Company Names: The name of a Marshall Islands Non-Resident company must end with the words “Incorporated”, “Corporation”, “Limited”, or suffixes such as “Inc.”, “Corp.”, “Ltd.”, “S.A.”, “GmbH”, etc. Company names containing restricted words such as “Bank”, “Insurance”, “Trust”, “Assurance”, “Imperial”, “Royal” etc. will not be permitted unless an appropriate national operating license has been obtained by the company.

Beneficial Ownership information: Information with regard to ultimate beneficial ownership must be disclosed to the Registered Agent of the company and is held by the agent on a confidential basis.

Filing of Annual Return: There is no requirement to file an Annual Return.

Filing of Financial Statements: There is no requirement to file Financial Statements in the Marshall Islands for Non-Resident companies.

Tax Agreements: Australia, Denmark, Ireland, Faroe Islands, Finland, Greenland, Iceland, Korea, Netherlands, New Zealand, Norway, Sweden, USA.

Restrictions on Marshalls Islands Companies: Prohibit from carrying on any business with persons residing in Marshall Islands. Prohibit from carrying on business of or undertaking any activity that is associated with the banking or insurance industries.

Marshall Islands companies and their Tax Liability

The Marshall Islands has a stable business environment; the currency is the US dollar.

+ Basic Taxes (briefly) – Personal Tax

Personal income tax in the Marshall Islands is 8% for the first $10,400 of income and 12% on any income exceeding $10,400. Salaries received by United States contractor personnel in the Marshall Islands are subject to 5% tax.

+ Corporate tax (in detail)

Businesses doing business on the Marshall are subject to income tax. The revenue includes all income, the enterprise can be either a legal entity or not. In 2021, tax is levied at $ 80 on the first $ 10,000 of revenue and 3% on the excess.

+ VAT

Local authorities levy sales tax at rates of 2-4%.

+ Other taxes, Government fee, Stamp duty

No.

Our Services

Atrium & Associates specializes in Marshall Islands company formations ranging from simple company registrations to complex tax planning and asset protection structures and in providing a very comprehensive assortment of administrative services to Marshall Islands companies, including the provision of Nominee Director, Nominee Shareholder, Mail Forwarding and Bank Account services. We are also able to offer a ‘transfer in’ service whereby we can take over the management of your existing Marshall Islands Offshore Company, often for no cost at all.

Our Marshall Islands company formation and company registration team:

Retains well-established affiliations with local company agents in the Marshall Islands.
Maintains an experienced staff with knowledge of legal requirements for company formation in Marshall Islands.
Guarantees that all company filing fees and documents are up-to-date and notifies clients of all Marshall Islands compliance changes.

Packages and Prices

Marshall Islands

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

Order Now

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

Marshall Islands

manutencao — Tue, 11 Oct 2022 11:03:57 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Marshall Islands

Why choose this jurisdiction when starting a business?

General Info

Offshore Company Formation in Marshall Islands

The Marshall Islands, officially the Republic of the Marshall Islands (RMI), consist of two chains of 29 coral atolls, and are located north of the equator, between Hawaii and Australia. On each atoll there are a number of islands. The Marshall Islands have been occupied by humans since the Micronesians arrived in the second millennium BCE.

At different stages in their history, the Marshall Islands were a colony of Spain until 1885, a colony of Germany from 1917, and a colony of Japan until 1944. After 1945 the islands had the status of a territory ruled by the United States of America.

In 1986, independence as a sovereign nation was attained under a Compact of Free Association with the United States. As a result of this the local currency is the US dollar, with English and Marshallese being the islands two most widely spoken languages.

Currently, the Marshall Islands is a democratic and independent state, which has had no legal reform in the last 12 months. The foundation of the legal system in the Marshall Islands partially derives from the legislation of Delaware State, which ensures friendliness and flexibility of the legal infrastructure towards the business community, making it a suitable choice for international corporations, Partnerships, Limited Liability Partnerships and Limited Liability Companies in various capacities.

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Fast incorporation time

High level of confidentiality

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No currency exchange controls

Low share capital required

Packages and Prices

Marshall Islands

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

Order Now

Key Benefits

Known as a highly versatile jurisdiction for conducting international business, incorporating a corporation, LLCs and partnerships in Marshall Islands offers the following benefits:

Exceptionally fast incorporation time of only one business day.

All LLCs partnerships and corporations registered by non-residents and receiving its income outside the jurisdiction are statutorily exempt from taxation.

No requirement to file financial statements or to complete annual returns.

High level of confidentiality and in terms of potential risk of information disclosure to foreign Governments, the Marshall Islands is probably one of the most secure and confidential offshore jurisdictions.

No currency exchange controls, and capital can be expressed in any currency.

No requirement for residency of Directors or Shareholders, and there is no obligation for an annual meeting to be held in the Marshall Islands.

Extremely low share capital required for incorporation of only $1 USD.

Migration of domicile permitted both into and out of the jurisdiction.

Among other advantages, a Marshall Islands Company does not have the tainted ‘tax haven’ reputation that is associated with many other offshore jurisdictions.

Marshall Islands main uses

+ Tax Planning – Offshore Tax

A Marshall Islands Company formation may be used to legitimately minimize tax by properly structuring financial and business affairs.

+ Professional Services

A person working overseas may be able to limit his tax burden by receiving, into the country in which he is working, a fixed level of remuneration and accumulate the balance in an offshore company. Similarly, designers, authors, consultants and entertainers may assign or contract with an offshore company the right to receive fees due under a contract for services.

+ Inheritance Planning

People who travel the world and expatriates often find that their connections with foreign countries create uncertainties and undesirable consequences for their wealth on their death.

The transfer of wealth to an offshore company (again, there are no MI trusts) can avoid these difficulties, the wealth is protected in a stable environment well away from the unwanted attentions of the tax and inheritance laws of foreign jurisdictions.

Where a person is domiciled outside a territory and owns assets located in that territory (e.g., property), then such assets may be protected against inheritance tax and higher rates of taxation by holding the assets through an offshore investment company.

Confidentiality Offshore Companies can offer you complete privacy. If the company shares are held by a Trust, the ownership is legally vested in the trustee, thus gaining the potential for even greater tax planning advantages.

+ Estate Planning

You can set up Family and Protective Trusts (possibly as an alternative to a Will) with an offshore company for accumulation of investment income and long-term benefits for beneficiaries without high income, inheritance or capital gains taxes.

+ Investment Companies

The offshore company is investing in property, stocks and shares, commodities and other assets, while providing anonymity and tax savings. Funds accumulated can be invested or deposited throughout the world, although the funds may be subject to the tax regimes of the countries in which the investments are located. There are countries with tax free bonds or bank deposits where interest is paid gross.

Shipping Companies Ships or yachts may be owned by an offshore company and registered in an offshore jurisdiction which can prove cheaper and more tax efficient method of ownership.

+ Conduct Business with low or no Corporate Taxes

Certain countries such as Marshall Islands allow the formation of international companies with no tax or reporting responsibilities. This means you save money not only from zero corporate tax, but also from reduced compliance and other regulatory costs. Asset Protection.

High net worth individuals gain privacy and save on professional fees by using offshore companies as Personal Holding Companies. These entities may be suitable for inheritance planning and reducing the costs and time delays in probate.

You can protect your assets by setting up an offshore company in combination with a Trust. Choosing the right country to incorporate an offshore company can help you avoid unnecessary and high taxes that would otherwise be payable if the assets were held directly. It can also help protect assets from creditors, adverse claimants and other parties; or help you secure against future claims such as bankruptcy, judgment creditors and other litigants.

+ Overseas Property

Simplification of transfer of properties held in several countries: if you own properties in several different countries, you will understand that the sale or probate of properties can get complex and expensive. If an offshore company collectively holds these properties title, the ownership can be transferred by company shares rather than transferring the actual properties.

Many of the difficulties and expenses associated with investment in overseas property, such as holiday villas, may be avoided through the use of an offshore company to hold the title of the property. Sales of the property at a future date can be dealt with quickly and easily by the sale of the company shares to the purchaser. This also saves legal fees and overseas transfer and value added taxes levied by certain foreign countries.

It can also be used to successfully avoid capital gains and inheritance taxes.

+ Employment Companies

Payroll costs and travel expenses may be reduced by paying employees working overseas from your offshore base. This may also provide tax relief and social security saving benefits for the employees.

+ Single Purpose Trustee

Where the client creates his/her corporate trustee for a family trust, it ensures more effective control during the client’s lifetime and savings on third party trustee fees. A Marshall Islands company can serve as the corporate trustee of a trust formed in another jurisdiction.

Our Services

Our Marshall Islands company formation and company registration team:

Retains well-established affiliations with local company agents in the Marshall Islands.
Maintains an experienced staff with knowledge of legal requirements for company formation in Marshall Islands.
Guarantees that all company filing fees and documents are up-to-date and notifies clients of all Marshall Islands compliance changes.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

USA, Pennsylvania – General Info

manutencao — Tue, 14 Jun 2022 17:51:14 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Pennsylvania

LLC – Limited Liability Company

See Advantages

General Info

Procedures to incorporate

US Business Structure

When you start a business, you are responsible for choosing a business structure. One structure you can select is a limited liability company, or LLC. Unlike some other business structures, you can form an LLC in any state, regardless of your physical business presence. With so many states to choose from, it can be difficult to determine where to establish an LLC.

Limited Liability

A limited liability company (LLC) is a business structure in the US that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.

Members and Managers

An LLC structure is the simplest form of legal business structure for business operations. In this LLC setup, the owner (Member) would designate persons as officers and directors of the firm (Managers). An LLC acts in a way that offers advantages to a company for taxes, profits and losses for its owners. LLCs can either be (i) Single-member; or (ii) Multi-member.

Owners of an LLC have financial and legal protection similar to corporations without double taxation. Plus, owners are not responsible for business debts. If the business owes money and can’t pay, only their business assets are at risk.

In certain US states (for example, Texas), businesses that provide professional services requiring a state professional license, such as legal or medical services, may not be allowed to form an LLC but may be required to form a similar entity called a professional limited liability company (PLLC).

The owner of beneficial rights in an LLC is known as a “member”, rather than a “shareholder”. Additionally, ownership in an LLC is represented by a “membership interest” or an “LLC interest” (sometimes measured in “membership units” or just “units” and at other times simply stated only as percentages), rather than represented by “shares of stock” or just “shares” (with ownership measured by the number of shares held by each shareholder). Similarly, when issued in physical rather than electronic form, a document evidencing ownership rights in an LLC is called a “Membership Certificate” rather than a “Stock Certificate”.

US LLC Tax Advantages
Pass-through income taxation

LLC is a type of unincorporated association distinct from a corporation. The primary characteristic an LLC shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner.

Although LLCs and corporations both possess some analogous features, the basic terminology commonly associated with each type of legal entity, at least within the United States, is sometimes different. When an LLC is formed, it is said to be “organized”, not “incorporated” or “chartered” and its founding document is likewise known as its “articles of organization”, instead of its “articles of incorporation” or its “corporate charter”. Internal operations of an LLC are further governed by its “Operating Agreement”, rather than its “Bylaws”.

Start your Business LLC

in Pennsylvania

When you look into starting an LLC, you might think you can only create an LLC in the state you live or do business in. However, you can actually form an LLC in any state, regardless of where you’re based. A foreign LLC is an LLC that is formed in one state but wants to carry out business in another state.

Each state has different laws for LLCs. Some states are stricter, while others are more lenient. And states might offer financial advantages and other perks for LLC formation.

Advantages

The key benefit of running a limited liability company (LLC) in Pennsylvania is limited liability protection. Limited liability can protect your personal assets in the event your business is sued or cannot pay its debts.

Other Pennsylvania LLC benefits include: (a) Pass-through taxation; (b) Tax options; (c) Simplicity; (d) Ownership flexibility; (e) Increased credibility.

Flexible Profit Distribution: A start-up company in Pennsylvania LLC has the benefit of being able to select different ways of distribution of profits unlike a partnership where the distribution is 50-50.

Loan and Grant Programs: For a start-up company in Pennsylvania, entrepreneurs, and small businesses require financial assistance in order to bring their new ideas, and technology to the forefront and this is where the state plays a key role. There are several programs in place that are aimed at providing the much-needed financial assistance to businesses. Some of these popular programs include:

Alternative and Clean Energy Program (ACE)
Ben Franklin Technology Development Authority Venture Investment Program (VIP)
Business in Our Sites Grants/Loans (BOS)
Business Opportunities Fund (BOF)
High Performance Building Program (HPB)
Industrial Sites Reuse Program (ISRP)
Innovate in PA Venture Investment Program
Neighborhood Stabilization Program (NSP)
Pennsylvania First Program (PA First)

Packages and Prices

Pennsylvania

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

Order Now

Which State to form your LLC

You can form an LLC in any state regardless of where you are based; however, it likely makes most sense to form an LLC in the state where you live. Many businesses form LLCs across multiple states, but you must be aware of each state's requirements for establishing and maintaining an LLC.

US Tax Identification Number
EIN – Employer Identification Number

The SS4 is the IRS form required to obtain an EIN (Employer Identification Number, frequently called a Tax ID number). The EIN/Tax ID number can be thought of as a Social Security Number for your business. It is usually required to open a bank account in the name of the business and to properly pay and account for any wage/payroll employees of your company.

Our Firm will obtain your federal EIN electronically and have it back to you via email within one business day. Because an EIN is a federal tax code for business entities, a new EIN is generally not required when a sole proprietor is moving to another state.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

USA, Pennsylvania

manutencao — Tue, 14 Jun 2022 17:02:00 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Pennsylvania

Why choose this jurisdiction when starting a business?

General Info

When it comes to starting a business, there are a wide array of issues to consider. How will you scale your idea? How will you go about acquiring customers? How will you let potential customers know about you?

Oftentimes, one of the last issues an entrepreneur considers is the legal structure. But if you want your business to survive long-term, it is something you need to think about sooner than later. Today, I will discuss one option for a business formation called the Limited Liability Company or “LLC”.

Advantages

The biggest advantage of the LLC lies in the liability protection its member(s) are afforded. Members in an LLC enjoy the same protection from potential lawsuits as shareholders in a corporation without having to observe all the corporate formalities. As a member of an LLC, property you own individually is protected. No matter what happens in the company, nobody can come after your house, your car, or your individual bank account for the company’s negligence or its debts.

If the LLC incurs debt or is sued, members’ personal assets are usually exempt. This is like the liability protections afforded to shareholders of a corporation. Keep in mind that limited liability means “limited” liability – members are not necessarily shielded from wrongful acts, including those of their employees.

Another great benefit of the LLC form is the ease of formation and the lack of record keeping requirements and formalities like shareholder meetings corporations are required to observe.

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LLC owned by its Members

Asset protection



Tax-free business entity

Packages and Prices

Pennsylvania

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

Order Now

Offshore Information

Tax Considerations – As far as the IRS is concerned, the LLC is a “disregarded entity”. This means that the IRS will treat a one-member LLC as a sole proprietorship and a multi-member LLC as a partnership. Members will pay “self-employment tax” on their income. However, members can elect to be taxed as an S-Corporation at the time of or within sixty days of formation. Members can realize significant tax savings through this election, but it comes at a cost. Members must put themselves on payroll as employees of the LLC and may only take profits from the LLC quarterly. I recommend S-Corp taxation for LLCs that can count on a reliable revenue stream.

Structure – A Pennsylvania LLC is a legal business entity and treated as separate from its owners. The LLC does not issue shares therefore does not have shareholders. Its owners are members of the LLC. Pennsylvania LLC may be organized with a minimum of one member; however, this is not recommended for a non-resident alien. An LLC with just one member may be treated like a Sole Proprietorship and the member will be tax liable for worldwide income. When formed by two or more physical non-resident members, the tax treatment is much more favourable.

Management

The members of a Pennsylvania LLC usually manage the business. The authority of the members is normally in direct proportion to their interest in the profits of the LLC.
A manager may be appointed if this option is found to be convenient.
The manager may be a member.
There is no Board of Directors. The manager is personally responsible to the members.

Ownership

A Pennsylvania LLC is owned by its members.
Non-resident aliens and/or companies may fully own a Pennsylvania LLC.
The LLC may also be owned by Corporations (companies limited by shares), other LLC’s, Partnerships,
Trusts, Pension Plans, Charitable Organization and US residents.
There are no restrictions as to the number of members and their residence or citizenship.

Liabilities and Obligations – A Pennsylvania LLC offers asset protection to its owners. The Limited Liability status ensures that debt and other obligations are the sole responsibility of the company.

Taxes

A Pennsylvania LLC is a tax-free business entity.
Income from the distribution of profits to the owners is taxed on the Personal income basis of the owner.
If no income is derived from doing business or trade within the US, the non-resident alien members are not liable for United States tax and do not have to file tax returns.
It is recommended that when organizing an LLC, non-resident members should be physical persons. If it is formed by non-resident legal entities, such as companies or corporations, the LLC may be considered by the IRS as a branch of a foreign company in the US and the LLC will therefore be taxed on its worldwide income.
Income is said not to have been derived from the United States, providing that:
- The LLC is not effectively connected with trade or business within the United States.
- It does not employ US residents on a permanent basis.
- It does not rely on a dedicated place of business within the United States. This does not apply to an office which is infrequently used.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

USA, Wyoming – General Info

manutencao — Mon, 13 Jun 2022 11:06:11 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Wyoming

LLC – Limited Liability Company

See Advantages

General Info

Procedures to incorporate

US Business Structure

Limited Liability

Members and Managers

US LLC Tax Advantages
Pass-through income taxation

Start your Business LLC

in Wyoming

Each state has different laws for LLCs. Some states are stricter, while others are more lenient. And states might offer financial advantages and other perks for LLC formation.

Advantages

Why is Wyoming a tax haven?

Instead of directly putting assets in a trust, families can own assets through a Wyoming limited liability company, which is then owned by the trust. This provides a double layer of secrecy and protection. Some families form a second company to oversee the trust.

How is a Wyoming LLC taxed?

Moreover, because Wyoming also doesn’t have a personal income tax, LLC members generally will owe no state tax on income they earn from a Wyoming LLC. The only tax for LLCs, mentioned above, is the annual license tax of $50 or a small percentage of the value of your LLC’s assets located in Wyoming.

Wyoming LLC Benefits

Privacy and anonymity.
No LLC members are listed with WYO.
No LLC managers are listed with WYO.
No requirement to store the LLC operating agreement in state.
No need to come to Wyoming.
You do not have to be a resident of Wyoming to own a WY LLC.
The best charging order protection in the country.
The ability to have a closed LLC.
No fees based on capital contributions.
Ability to open a bank account anywhere.
No LLC operating agreement required, but you should have one.
Fees not based on number of members or owners.
No personal or corporate income tax.
Diverse options for membership protections and controlling interests in LLC membership.
Wyoming LLCs can be formed instantly – no waiting times.

Packages and Prices

Wyoming

Standard
Package

Order Now

Business
Package

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Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

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Which State to form your LLC

US Tax Identification Number
EIN – Employer Identification Number

Our Firm will obtain your federal EIN electronically and have it back to you via email within one business day. Because an EIN is a federal tax code for business entities, a new EIN is generally not required when a sole proprietor is moving to another state.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

USA, Wyoming

manutencao — Mon, 13 Jun 2022 10:48:16 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Wyoming

Why choose this jurisdiction when starting a business?

General Info

Wyoming is a leading incorporation domicile due to low fees, no taxes, simple filing and maintenance requirements along with allowing anonymous corporations. Wyoming is a leading incorporation provider with low fees and no corporate income taxes.

While each business is different, a few states stand out as excellent options for starting a business. Wyoming, Nevada, and Delaware are especially ideal for incorporating your business due to their business-friendly rules, enhanced privacy, and knowledgeable courts.

The main benefits of forming a LLC in Wyoming are:

No state income tax on limited liability companies
Asset protection and limited liability
LLC assets are safe from personal liabilities
Charging order protection extended to single member LLC’s



Privacy and anonymity

No need to come to Wyoming

No income tax

Best charging order protection

Packages and Prices

Wyoming

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

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Advantages

Privacy and anonymity.

No LLC members are listed with WYO.

No LLC managers are listed with WYO.

No requirement to store the LLC operating agreement in state.

No need to come to Wyoming.

You do not have to be a resident of Wyoming to own a WY LLC.

The best charging order protection in the country.

The ability to have a closed LLC.

No fees based on capital contributions.

Ability to open a bank account anywhere.

No LLC operating agreement required, but you should have one.

Fees not based on number of members or owners.

No personal or corporate income tax.

Diverse options for membership protections and controlling interests in LLC membership.

Wyoming LLCs can be formed instantly – no waiting times.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

USA, Washington – General Info

manutencao — Thu, 09 Jun 2022 17:28:32 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Washington

LLC – Limited Liability Company

See Advantages

General Info

Procedures to incorporate

US Business Structure

Limited Liability

Members and Managers

US LLC Tax Advantages
Pass-through income taxation

Start your Business LLC

in Washington

Each state has different laws for LLCs. Some states are stricter, while others are more lenient. And states might offer financial advantages and other perks for LLC formation.

Advantages

Washington is one of the largest states in the country, and the government serves businesses of all sizes. Several major industries can be found in Washington state, including manufacturing, technology and tourism. When incorporating in Washington state, you should expect the process to take between five and seven business days. Unlike some states, a business that incorporates in Washington can have its principal office located in another state. Corporations in Washington are legally separate from their owner, which means the corporation is liable for its financial duties and any actions the business takes. For instance, if a lawsuit is filed against the corporation or the corporation is unable to pay its debts, the assets of the company, not the assets of the owners, can be awarded to the plaintiffs.

A Washington LLC offers business entrepreneurs the form of corporate organization that provides perhaps the most flexibility to you. A LLC formation, like the alternative corporate forms of organization like a limited partnership or a Subchapter S Corporation, are generally prime candidates for a just starting business. The state of Washington gives public support to a Washington LLC.

A Washington LLC satisfies a necessary condition of your business planning development in that it meets the requirement that you establish a legal form of organization in order to gain the statutory benefits and protection available in Washington to your LLC. Your Washington LLC establishes a legal presence within the state, which you can use either as a platform for in-state operations or by registering your Washington LLC via your agent’s physical address in order to meet the purely statutory requirement for tax and filing purposes absent an in-state operation.

Packages and Prices

Washington

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

Order Now

Which State to form your LLC

US Tax Identification Number
EIN – Employer Identification Number

Our Firm will obtain your federal EIN electronically and have it back to you via email within one business day. Because an EIN is a federal tax code for business entities, a new EIN is generally not required when a sole proprietor is moving to another state.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

USA, Washington

manutencao — Thu, 09 Jun 2022 17:28:01 +0000

Offshore Companies

Choose the jurisdiction which best suits your needs

Washington

Why choose this jurisdiction when starting a business?

General Info

It makes sense for you to incorporate your new business as a limited liability company, or LLC, because it provides significant benefits, including limited liability, pass-through taxation, and flexibility of profit distribution.

Moreover, Washington State offers your LLC many other benefits, such as (see below more information):

Limited Liability Company Registration in USA
Pass-Through Taxation
Business and Occupation Taxes
Flexibility of Profit Distributions

Business and Occupation Taxes



Pass-Through
Taxation

Flexibility of Profit Distributions

Packages and Prices

Washington

Standard
Package

Order Now

Business
Package

Order Now

Premium
Package

A package with all services as included on the Business Package plus full Nominee Services (Nominee Members and Managers) providing you the highest degree in terms of confidentiality and anonymity.

Order Now

Benefits

+ Limited Liability Company Registration in USA

A main feature of a Washington LLC is that it provides members with limited liability protection. The assets and liabilities of the company are considered distinct from those of the LLC members, which means that any company liability cannot be satisfied from a member’s personal assets. If a creditor pursues the LLC and does not find sufficient assets to cover a debt, Washington law legally bars the creditor from satisfying such debt with the personal assets of the members.

+ Pass-Through Taxation

As a state, Washington does not have corporate or business income taxes. When it comes to federal taxes, LLCs enjoy a favorable taxation scheme. Unlike a corporation, which might pay double tax – once on the corporate level and again on a personal level – LLCs take advantage of pass-through taxation, in which profits and losses pass through from the LLC to its members, who pay taxes on those profits with their individual income tax returns. The LLC itself, as a pass-through entity, does not pay federal income taxes.

Although a LLC does not pay income tax in the traditional sense, it would likely pay business and occupation tax.

+ Business and Occupation Taxes

The State of Washington does not levy income taxes on businesses, but it does levy a business and occupation tax based on gross receipts. LLCs must also pay this tax. This means that for every gross receipt received, the business must pay a percentage of that to tax, even if the business has no net gain from the transaction. The tax rate for business and occupation tax depends on the type of business. For instance, as of 2018, service businesses pay 1,5 percent of gross receipts, while manufacturing and wholesaling companies pay 0,484 percent of gross receipts.

+ Flexibility of Profit Distributions

Under Washington state law, when a LLC distributes profits to its members, the distribution occurs according to provisions in the LLC’s operating agreement. Suppose one member has 25-percent ownership in the LLC but negotiated a 50-percent profit distribution. If the LLC incorporated this negotiation into the operating agreement, the LLC would distribute 50 percent of profits to that member despite actual ownership stake.

This flexibility can be very beneficial. Perhaps a LLC wants to invest in a project that it considers a surefire money maker, but it lacks capital to invest. The LLC can partner with an investor who is willing to provide significant capital in return for a large stake in the LLC’s profits. Even though the investor only contributes a small sum in relation to the value of the LLC, the investor can still receive a disproportionate share of the LLC profits, provided that the operating agreement reflects this change.

If you start a business in the State of Washington, forming your business as a LLC can be very beneficial. The LLC would give you limited liability, favorable federal tax treatment, and a flexible medium of profit distribution.

How can we help you?

Should you have any question, our Business Development Managers team will be ready to guide and assist you!

Offshore Companies – Atrium & Associates

Vanuatu

Offshore Companies

Choose the jurisdiction which best suits your needs

Vanuatu

Why choose this jurisdiction when starting a business?

Vanuatu International Company (VIC)

There are many benefits to registering an International company in an offshore finance centre such as Vanuatu, where there are no personal or corporate income taxes, no capital gains taxes and a relatively high degree of privacy regarding ownership.

Director and shareholder meetings held anywhere

No audit on financial statements

High level of privacy and confidentiality

Packages and Prices

Vanuatu

Standard Package

Business Package

Premium Package

Benefits include:

How can we help you?

Vanuatu – General Info

Offshore Companies

Choose the jurisdiction which best suits your needs

Vanuatu

International Company

General Info

Procedures to incorporate

At present, Vanuatu has not signed any international treaties on Tax Information Exchange Agreements (TIEA) with PRC, HK S.A.R. and Macau S.A.R.

Company Information

Compliance

+ Authorised and Issued Share Capital

+ Taxation

+ Double Taxation Agreement

+ Financial Statements

+ Classes of Shares Permitted

+ Annual Franchise Taxes

+ Directors

+ Company Secretary

+ Shareholders

Key Corporate Features

+ General

+ Corporate requirements

+ Local requirements

+ Annual requirements

+ Recurring Government costs

Packages and Prices

Vanuatu

Standard Package

Business Package

Premium Package

How can we help you?

Marshall Islands – General Info

Offshore Companies

Choose the jurisdiction which best suits your needs

Marshall Islands

International Business Company

General Info

Procedures to incorporate

Offshore Incorporation

Marshall Islands companies and their Tax Liability

+ Basic Taxes (briefly) – Personal Tax

+ Corporate tax (in detail)

+ VAT

+ Other taxes, Government fee, Stamp duty

Our Services

Packages and Prices

Marshall Islands

Standard Package

Business Package

Premium Package

How can we help you?

Marshall Islands

Offshore Companies

Choose the jurisdiction which best suits your needs

Marshall Islands

Why choose this jurisdiction when starting a business?

Offshore Company Formation in Marshall Islands

Fast incorporation time

High level of confidentiality

No currency exchange controls

Low share capital required

Packages and Prices

Standard
Package

Business
Package

Premium
Package

Standard
Package

Business
Package

Premium
Package

Standard
Package

Business
Package

Premium
Package

Standard
Package

Business
Package

Premium
Package

US LLC Tax Advantages
Pass-through income taxation

Standard
Package

Business
Package

Premium
Package

US Tax Identification Number
EIN – Employer Identification Number

Standard
Package

Business
Package

Premium
Package