New York as an Offshore Jurisdiction for Non-US Residents

Setting up a new company? Expanding an existing business?

For legitimate non-US persons looking for an ideal offshore vehicle, the New York LLC offers numerous benefits, including:

Fast incorporation
No annual government fee
No minimum capital to start, no registered capital requirement to maintain
No New York annual report – just a biennial report asking for mailing address
No public disclosure of members or managers
No citizenship or residency requirement for members or managers
Members and Managers can be any type of person: natural person, company (US or foreign), trust, partnership, etc.
No New York tax of any kind if all activities of the company are outside New York and there are no New York-resident members
No federal tax of any kind if all activities of the company are outside the United States and there are no US-resident members
Apostilled documents available – the US is a Hague Convention member, and apostilled documents can be quickly and easily obtained
Well known legitimate jurisdiction
No offshore appearance – New York is much better known as a high-tax jurisdiction
Company seal is not required
Easy liquidation
Company can choose to become a corporation for tax purposes if it needs to become tax-resident in the US