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Delaware LLC, considered offshore for US tax authority

Limited Liability Companies formed in the State of Delaware do not file an annual report, and are popular vehicles for conducting international business.

They offer tax benefits such as:

  • Flexibility to operate worldwide with security, privacy, and all the benefits of a highly rated incorporation jurisdiction.

  • They do not pay US state or federal income tax if its owners are not US citizens or green card holders, its offices are located outside of the US, and the LLC does no business within the US.

  • They are not required to file a US income tax return.​

  •  They offer a higher level of privacy due to the non-disclosure of managers and members to the public.

  • Bank accounts may be opened anywhere in the world.

  • There are no residence or citizen requirements for the managers and members.

  • One person can act as manager. and member of the Delaware LLC.

Find out more today from our experienced US certified public accountant in Greece.

Are you filing your taxes correctly?

Are you filing your US Taxes correctly?


Did you know, that if you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad?
 

Your worldwide income is subject to U.S. income tax, regardless of where you reside. 
 

According to the U.S. Internal Revenue Service, all U.S. citizens and resident aliens must file a U.S. individual income tax return, even if they permanently live outside the United States.

However, you may qualify for certain foreign earned income exclusions and/or foreign income tax credits. 
 

Contact us today to find out more!

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U.S. Taxation of Greek Income, Assets & Accounts

The international tax laws between the United States and Greece involve a number of common issues.

These typically involve earned income, rental income, dividends, interest, and capital gains.

Greece and the United States are on good-terms, and have entered into several agreements.

 

Those include:

 - Income Tax Treaty

 - Estate Tax Treaty

 - Totalization Agreement

 - FATCA Agreement

Contact us today to learn more about how this may affect the way you file your taxes.