Move from Delaware to Virgin Islands.

[João Silva]

I am curious about what a company have to gain moving from Delaware to Virgin Islands? What are the possible benefits?

I am a noob here.

 

[Spinat]

Most swear that the US offers a much higher level of privacy. I'm not sure if that is true, there may be other people around this forum which have some input.

 

[Sols]

It depends on the company and what they want to achieve.

It also depends on which Virgin Islands we're talking about. USVI and BVI are quite different.

While for example a Delaware LLC is already very secretive, a Delaware C corporation isn't. If the company in question is not operating as an LLC, they may to relocate to BVI for privacy while still having a corporate entity with shareholders and directors.

Another might be that an LLC itself might not be a taxable entity or even recognised in the owners' home jurisdictions, which makes a more common traditional company desirable.

It's hard to answer without knowing all the details.

 

[João Silva]

It depends on the company and what they want to achieve.

It also depends on which Virgin Islands we're talking about. USVI and BVI are quite different.

While for example a Delaware LLC is already very secretive, a Delaware C corporation isn't. If the company in question is not operating as an LLC, they may to relocate to BVI for privacy while still having a corporate entity with shareholders and directors...

There are a LLC at Delaware and a LTD at BVI.

"The USER accepts and agrees that any and all questions, controversies or problems shall be resolved by applicable legislation in the State of Delaware in the United States of America, and the USER agrees that any problem remaining shall be settled by the appropriate jurisdiction in Delaware in the United States of America, with the renunciation of any other jurisdiction, no matter how privileged it may be"

The question here is the user in great risk?

 

[Spinat]

How would you rate a Delaware LLC in regards to privacy and chances to be able to open any EMI account? Do you know of any EMI or bank that will open an account for company in Delaware?