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Originally Posted by McSpike
I am collecting information about where to open my company. I am not asking about tax rates in that offshore center you have a company open in, but more about what laws and restrictions apply there, basically why did you choose that offshore center for your business?
I am a non-US resident so the first one that came to my mind was Delaware. Same rules apply to each offshore center - you cannot do business with local companies. I then heard that I can do business with US resident companies after all even if located in Delaware. Yet the information came from an unreliable source so if anyone has any info about that and can share I'd appreciet it.
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Delaware?? Offshore?? :-) It's hardly even a candidate in terms of offshore.
Mmm.. there are just so many variables as possibilties in your post McSpike.:-)
The laws of the offshore jurisdiction will apply to your corp. These vary widely, but any corp within the US is going to be far more restrictive than any real offshore jurisdiction. The fact that you are not a US citizen helps loads and widens your choices.
Any offshore corp, - I mean a real offshore corp, can do business with whoever it wishes to do business with, - including companies in the US and elsewhere.
The reasons I chose offshore jurisdictions were not really for privacy because that was irrelevant in my instance, - but for the freedom they offered. Apart from the usual reasons of no taxation, which is taken for granted anyway.
It all depends what the purpose of the corp is? Do you actually plan to operate this locally or is it just a shell?