DELAWARE - U.S.A.

State of Delaware is one of the most convenient places on the market to register your valuable yacht. Prestigious American banner at reasonable cost is the main reason why the greatest number of yachts in the world are registered here. All paperwork may be completed in about 2 weeks or less than 10 days if courier service is used. Please note that all yacht registration is valid for calendar year - till 31st December.

What documents are needed for NEW Delaware yacht registration?
In order to register your new, never before registered, yacht in Delaware (Delaware Boat Registration) we need:
- A dully filled in Delaware Boat Registration Application Form
- Notarized Bill of Sale (which will be returned to you)
- The Builder's Certificate or Manufacturer's Statement of Origin

Or if being transferred from another Registry:
- A dully filled in Delaware Boat Registration Application Form
- Deletion Certificate from previous Registry
*(which will be retained by the Delaware Boat Registration Office)
- Copy of previous registration document

WHAT IS THE COST TO REGISTER YACHT IN DELAWARE?
The registration cost depends upon the yacht's size.

Delaware yacht registration for ONE YEAR our all-inclusive fee:

Privately owned yacht:
Although cheaper it means that your name shines in the register. Anybody could see that you own the certain yacht and delivers you to the full liability. This is the main reason why majority of Delaware yachts are corporate owned.

Corporate owned yacht:
If you decide to form a Delaware corporation to own property like yacht, aircraft or real estate there can be tax advantages and you can limit your personal liability. Incorporation can give your business credibility, prestige and substance.  A corporation has certain tax advantages; the owners and directors can be protected from personal liability; and the business can raise capital through the sale of shares of stock. Only One officer or Director is needed in Delaware, but many jurisdictions have stricter guidelines, forcing you to name other directors and officers to get established.

Also, please take in consideration these advantages for Delaware corporations:

1. Delaware is considered the most attractive state in U.S.A. for incorporation.
2.  Only one incorporator is required. A corporation may be the incorporator.
3.  There is no minimum capital requirement.
4.  The franchise tax compares favorably with that of other states.
5.  For companies doing business outside of Delaware, there is no corporation income tax.
6.  Delaware has no sales tax, personal property tax or intangible property tax on corporations.
7.  No taxation upon shares of stock held by non-residents and no inheritance tax upon 
    non-resident holders.
8. A corporation may keep all of its books and records outside of Delaware.
9. You may have a principal place of business/address outside of the State of Delaware as well.

When the yacht is subsequently put up for sale, the owner has the flexibility of selling the yacht as an asset of the corporation or selling the entire corporation of which the yacht is an asset. The latter circumstance is accomplished by simply transferring the shares of stock in the corporation over to the new owners. This arrangement can be very attractive to the prospective purchaser because title to the yacht has not changed hands - it is still registered to the corporation. Therefore, no sales tax may be assessable on the transfer, and, no re-registration costs are incurred.

Types of corporations we can form for you - Listed below are the major types of corporation services we offer.
- Limited Liability Companies (LLC)
- "C" Corporations
- "S" Corporations

We urge you to consider whether incorporation is right for operating your business. If you are uncertain, you should check with your accountant or tax advisor to determine if a corporation or a limited liability company best suits your individual needs.

Limited Liability Company advantages
A Delaware Limited Liability Company (LLC) is a hybrid business entity, designed to combine the advantages of a corporation with the tax advantages of a partnership. Like a corporation, the owners of an LLC are not personally liable for the LLC's debts and obligations. Like a partnership, an LLC can be treated as a pass-through entity for tax purposes. This may be advantageous for those who cannot meet the IRS requirements for an "S" corporation and desire the tax pass-through treatment.

In summary, a Limited Liability Company provides:
1. pass-through tax treatment of a partnership
2. liability protection afforded by a corporation (and not available with a partnership)
3. freedom from the restrictive and burdensome qualification and operating requirements that come with an "S" corporation.

What is the greatest advantage LLC delivers to US non-residents?
Provided the company conducts no direct or indirect business in the USA and neither the managers, nominees and/or beneficial owners are US citizens or green card holders Delaware LLC can be free of all US taxes.

Registered Agent
A registered agent acts on the corporation's behalf in the state of incorporation with the primary duties of providing a registered office address, receiving service of legal papers, and being a local contact point for the Secretary of State or other government agencies. A professional agent can also assist you with keeping your corporation in good standing, obtaining copies, obtaining a certificate of good standing/existence, and other questions relating to maintaining your corporation.  It is extremely important for you to keep your registered agent informed of your current address and telephone number so that you can be reached in the event that the agent receives official mail or service on your behalf.

Fees Schedule Incorporation/Formation - Our incorporation/formation package includes:
- minimum State Fees
- filing and recording the Certificate of Incorporation/Formation with Apostille
- preparation of Unanimous Consent electing the initial director/manager
- fees to prepare and file the documents
- legal address
- Registered Agent service for the first year all inclusive................................................................ 850 $

Option:

Same Day Service (incorporation within 24hrs) .........................................................................150 $

Deluxe Company/Corporate Kit:
The minute book features sample forms, 15 membership/stock certificates and a metal seal

press all packaged in a handsome gold-stamped slipcase ..........................................................175 $

Overseas courier shipping documents only ...............................................................................   60 $

Overseas courier shipping documents with Corporate kit .......................................................... 125 $

Annual Maintenance Fee:
- Each year we fulfill your statutory obligations, pay taxes, provide legal address and

Resident Agent for all inclusive fee of ...........................................................................................500 $

Your Virtual Office in Delaware:
Some of our customers find it is necessary to establish an actual presence and operating office in Delaware. We are able to offer you Virtual Office, Mail Forwarding and Fax forwarding service.
Most clients who use this service receive only a small amount of mail and fewer than 3 telephone calls per month. Our fees are based upon this type of arrangement. We would be happy to create a program of services which will meet your individual needs.

Delaware Virtual Office Package - annual fee ............................................................................ 629 $

Package includes:
▪ Your exclusive telephone number answered by our secretary in your company's name. Caller inquiries answered, messages taken and dispatched via fax or airmail (other operators charge 
700$ per month for this service only)
▪ FAX forwarding (receive and re-send) service, 24-hour receiving capability
▪ Delaware business street address (NOT a P.O. Box) - mail forwarding service

Additional charges
▪ Charges for postage - double the needed amount
▪ Long distance telephone calls - double the needed amount.
▪ FAX receive or send is $5 first page $2 each additional page are billed monthly.
▪ If mail forwarding exceeds 25 pieces per month, additional charges will be made.
▪ Escrow deposit of $100 minimum should be maintained with our office which we will draw from
as postage is needed. We will notify you as your postage account is used and when you will need to make additional deposits. 

Mail Forwarding Service
We will forward to you only 1st Class mail addressed to your corporation.

Our annually service fee ...............................................................................................................300 $

An annual deposit for postage $100 for internationally mailing is mandatory. Our service does not include forwarding packages of any sort, nor magazines, catalogs or bulk rate advertising materials. We process and forward mail every Friday.  FAX Forwarding Service - Shared Fax - Our fax is 24 hrs/7 days ready. Use our Delaware fax number as your own fax number. We will re-fax your messages to you. Incoming and outgoing faxes retransmitted will be billed at 5$ for 1st page and 2 $ each additional.

Annual fee .......................................................................................................................................250 $

Your Own Phone/Fax Number in USA – Obtain your own fax number. The messages will be send

Annual fee........................................................................................................................................300 $

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email: info@offshoregate.com