Benefits of choosing an LLC company structure for vessel registration:
- Processing time is 3-5 working days.
- We need a Passport copy of the LLC owner and if there is more than 1 owner, we need passport copies of all owners.
- Suggest at least two names while filling up the form so we can check the name availability.
Non-US citizens can legally own a Delaware LLC, which can then own a vessel registered in Delaware.
Delaware offers several tax advantages, including no sales tax, personal property tax, intangible tax, or stock transfer tax.
Corporate income tax is not levied on income earned outside the state of Delaware.
By establishing a Delaware LLC, boat owners can safeguard themselves against personal liability arising from potential damages caused by their boat or its operators.
Registering a boat under a Delaware LLC allows the owner to maintain privacy. Delaware does not require the disclosure of LLC members’ information to the state or include it in public records.
The cost of registering a vessel and incorporating a Delaware company is affordable and annual tax is also very low.
LLC setup:
Our company can assist you to setup LLC in Delaware or other states in US.
- Delaware LLC cost: USD $280.
- Processing time 6-7 working days.
We only need the copy of the owner’s passport scanned copy.
FAQ’s
How can you register an LLC?
We facilitate the establishment of a Delaware LLC (Limited Liability Company) on your behalf as the initial step.
A non-US citizen has the opportunity to possess a Delaware LLC, which can subsequently hold ownership of a vessel registered in Delaware. We assist in establishing this LLC exclusively for you, with you being the sole owner. To accomplish this, you execute a bill of sale transferring the ownership of your boat to your newly formed Delaware LLC. Notarizing the bill of sale is a straightforward process since you act as both the seller (individual) and the buyer (your company). The primary purpose of this LLC is to possess your boat, resulting in no tax obligations. The setup procedure for the LLC typically concludes within approximately 24 hours. You have the option of utilizing our provided sample Bill of Sale or utilizing your own document.
We handle the registration of your vessel under the Delaware flag.
After your LLC has been established and the Bill of Sale has been notarized, we proceed with the application for your Delaware yacht registration. The processing time for this registration is approximately 5 days for express service or 2 to 3 weeks for regular service. Once you have obtained your registration, your vessel will be eligible to fly the US flag in international waters across the globe.
What is the annual state tax cost?
The annual fee for renewing your LLC is set at $400 USD. Fortunately, since the LLC is solely utilized for vessel ownership purposes, you are only required to pay the renewal fee without having to complete any additional paperwork. It’s important to note that all renewals must be processed before June 1st of each calendar year.
Do I need to pay any US taxes?
If the Delaware LLC does not engage in any direct or indirect business activities within the United States, and the managers, nominees, and/or beneficial owners are neither US citizens nor green card holders, it is possible for the LLC to be exempt from all US taxes. It’s important to note that tax regulations can be complex and subject to change, so consulting with a tax professional or attorney familiar with international tax laws is advisable to ensure compliance and to fully understand the specific tax implications in your situation.
What is our registered agent fee (yearly)?
To maintain the active and valid status of your company on an annual basis, you are required to pay the registered agent fee of $75 USD. The registered agent serves as the official representative for your company in the USA. It’s important to note that this fee is separate from the annual state tax, which is due before June 1st each year. The registered agent fee covers the services provided by the registered agent in accepting and handling legal documents and official correspondence on behalf of your company.
