Delaware vs Cyprus offshore?

[Starlights]

I thinking use one if this two company setup for sell app at apple store and google store.

I not sure what option i should go for?

Both have accounting and auditing and both have online bank opening.

 

[negon]

I would simply get a quote for accounting, renewal, government fees etc for both jurisdictions and compare them.

 

[Ready to discuss]

Hi Starlight.

Statutory obligation in Cyprus are the following:
A) Submission of Tax Return to the tax authorities. The numbers in the Tax return should be audited by a registered auditor in Cyprus.
B) Submission of HE32 (Annual Return) Department of the Registrar of Companies and Official Receiver (D.R.C.O.R.) of the Republic of Cyprus. HE32 shoudl be signed by the company's director or secretary.
C) A Cyprus Company should has at least 1 director, 1 secretary and a Cypriot register office.

As a result of (A) the following services are necessary:
1) Accounting services
2) Audit services

As a result of (B) and (C) the following services are necessary:
1) Domestication services

 

[Starlights]

Thank you Michalis for bring up things you need for run a Cyprus offshore company, not always agents like to show this on the first page when they sell Cyprus incoporation service.

I think Accounting and Audit service is the same price for a Delaware or a Cyprus company, but that is only what i thinking i not sure about it but maybe someone can confirm?

What about tax, what of this companys setup have advantages when it comes to taxes? and every year renewal price? goverment fees and other things?

It is like auric told i need a compare list with all prices for run business like this, then i would know what company setup that would bee number 1 for sell apps at google and apple store.

If someone have prices for compare i would happy i know all agents have different prices but use some normal price level maybe would work to compare and compare taxes and all other things.

Many great experts here on this forum let me know what you think who is the winner of this 2 company setups when it comes to everything and for sell apps.

 

[HeartyHandshakes]

Have you looked at Wyoming LLC? People look at Delaware but Wyoming is usually must easier than Delaware.

 

[Starlights]

HeartyHandshakes said:
Have you looked at Wyoming LLC? People look at Delaware but Wyoming is usually must easier than Delaware.
Click to expand...

What do you mean with easier? could you explain

 

[JohnLocke]

HeartyHandshakes said:
Have you looked at Wyoming LLC? People look at Delaware but Wyoming is usually must easier than Delaware.
Click to expand...

Would like to know that too, what do you mean by easier?

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[HeartyHandshakes]

Wyoming has no state required reporting, it has less stigma in the US with banks, and the state doesn't register shareholders. It's the offshore of the US.

 

[Internationaloff]

HeartyHandshakes said:
Wyoming has no state required reporting, it has less stigma in the US with banks, and the state doesn't register shareholders. It's the offshore of the US.
Click to expand...

The same as Delaware (No Member/Manager Register).

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[christo14]

There's no registrar for a Delaware company? No public information on shareholders etc??? I may have misinterpreted.

Internationaloff said:
The same as Delaware (No Member/Manager Register).
Click to expand...

 

[Internationaloff]

christo14 said:
There's no registrar for a Delaware company? No public information on shareholders etc??? I may have misinterpreted.
Click to expand...

There is a Public Registry where you can see the following information:
Entity Details
- File Number;
- Incorporation Date / Formation Date;
- Entity Name;
- Entity Kind;
- Entity Type;
- Residency;
- State;
- Registered Agent Information.

No Member(s).
No Manager(s).

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[christo14]

Fantastic!!! Quite surprising upsides to Delaware as a formation location 🙂

Internationaloff said:
There is a Public Registry where you can see the following information:
Entity Details
- File Number;
- Incorporation Date / Formation Date;
- Entity Name;
- Entity Kind;
- Entity Type;
- Residency;
- State;
- Registered Agent Information.

No Member(s).
No Manager(s).
Click to expand...

 

[suzy]

Internationaloff said:
There is a Public Registry where you can see the following information:
Entity Details
- File Number;
- Incorporation Date / Formation Date;
- Entity Name;
- Entity Kind;
- Entity Type;
- Residency;
- State;
- Registered Agent Information.

No Member(s).
No Manager(s).
Click to expand...

and the other jurisdiction does not have a public registry ?

 

[Internationaloff]

suzy said:
and the other jurisdiction does not have a public registry ?
Click to expand...

Which jurisdiction?

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