Mention the United States to many people, and they will tell you that it is a land of opportunities and that they would do anything to get there. Now, you can take advantage of these opportunities by opening an offshore company in one of the high-potential areas, such as Delaware. Whether you want to run a food processing business or import/export enterprise, the US will never disappoint. This post is a step-by-step guide on how to open a Delaware offshore company.
What You Need to Start an Offshore Company in the US
Consider starting an offshore company in Delaware like any other firm enterprise back home. The main difference will be that the offshore company is located in a different country. So, here are the things that you need.
- Start with good research to understand the new market. This can help you to determine the type of products or services to offer and the market to target.
- Have enough capital. To start any business, especially abroad, you need to have enough capital. The rule of thumb is to have the capital to cater to all the expenses for one year so you can get the business off the ground.
- Follow the right procedures. Before you can commence operations in the US, your company needs to be registered in line with federal and state laws. Depending on the products you will be offering, make sure to also check for additional requirements from departments such as the Food and Drug Administration (FDA) and the Occupational Safety Health Administration (OSHA).
Here are the main steps that you need to follow when registering a Delaware offshore Company.
Get the Name of Your Company
After deciding to start a company in Delaware, you need to give it a name. This is very important because it gives your enterprise the identity it requires for operation. The name you select should have the term limited liability company but cannot include words that might result in confusion with state or federal organizations. So, avoid words such as state department, treasury, and FBI.
File Your Limited Liability Company with the State of Delaware
This stage requires you to file your LLC documents with the state. One of these is the Articles of Organization, which is also known as the Certificate of Formation. This document is used to outline the structure of the company that you are starting.
Create an LLC Operating Agreement
This is a legal agreement that outlines the ownership and operating procedures of the Limited Liability Company. The agreement is crucial because it ensures all shareholders and the team involved in running the business are on the same page to reduce the danger of future conflicts.
Get an Employer Identification Number
This is a tax ID for your enterprise, and it is very important. To get your EIN number, you are not required to have a Social Security Number. Although a US Social Security Number is important for processing EIN, a non-resident can get it through fax by filling out, signing, and faxing Form SS-4 Application for EIN.
Get a Physical US Mailing Address and Open a Bank Account
Finally, you will need to have a mailing address for your offshore company. You can do this by opening a physical office in Delaware. Even if you do not need a physical office, a mailing address will still be needed because it is crucial for opening a bank account.
As you can see, opening an offshore trading company in the US can be a lengthy process, but you can make it simpler by working with an agency of experts. As experts, they know how to prepare all the documents and other requirements to complete the registration process fast. They will also help you take advantage of available opportunities in Delaware and the entire USA, including inland container depot (ICD), government incentives, and bilateral trade agreements with other nations.