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Features of a Delaware Limited Liability Company:A Delaware LLC may be incorporated by one or more members (owners). The LLC can be formed by a sole member who is a Non US Resident Alien (Individual or Company).A Delaware LLC is a legal entity, registered with the state, and is treated separate from its members similar to a limited by Shares Company.The owners of an LLC are not called shareholders but members with ownership interests.The Delaware LLC is well known recognized world-wide as a legally registered USA company.Tax Free - Non-resident aliens are not taxable by the US on income generated out of the US. If an LLC derives its income outside of the US, the non-resident aliens is not subject to us tax.The LLC’s formation document is Articles of Organization which is the equivalent to Memorandum, of Association in an Offshore Company.The LLCs is govern by LLC Operating Agreement which is setup the management responsibilities of the members, the LLC’s formalities, members contribution (capital) and member’s relationship.The voting authority usually is a result of the proportion of the member's interest in ownership.ANNUAL TAXESCorporate Annual Report and Franchise Tax PaymentsAll corporations incorporated in the State of Delaware are required to file an Annual Report and to pay a franchise tax. Exempt domestic corporations do not pay a tax but must file an Annual Report. The Annual Report filing fee for all other domestic corporations is $50.00 plus taxes due upon filing of the Annual Report. Taxes and Annual Reports are to be received no later than March 1st of each year. The minimum tax is $175.00 with a maximum tax of $180,000.00. Taxpayers owing $5,000.00 or more pay extimated taxes in quarterly installments with 40% due June 1, 20% due by September 1, 20% due by December 1, and the remainder due March 1. The penalty for not filing a completed Annual Report on or before March 1st is $125. Interest at 1.5% per month is applied to any unpaid tax balance.Notification of Annual Report and Franchise Taxes due are sent to all Delaware Registered Agents in December of each year. Delaware has mandated electronic filing of domestic corporations Annual Reports.LP/LLC/GPAlthough Limited Partnerships, Limited Liability Companies and General Partnerships formed in the State of Delaware do not file an annual report, they are required to pay an annual tax of $300.00. Taxes for these entities are to be received no later than June 1st of each year.Tax Exemption (Zero Tax):A Delaware (USA) LLC can be tax free if the company and its members (owners) meet the following criteria:The members are non-resident aliens (not residing in the US).the LLC does not employ US residents in the US * The LLC doesn’t have (owned or lease) physical place of business within the United States (office / showroom/ manufacturing facility).The LLC does not conduct any business activity connected with business or trade within the United States.In the situation whereby the members & the LLC meet the above mentioned criteria, the LLC and its members will not be subject to US tax, therefore tax free as a traditional offshore company with the credibility of a USA Company.Foreign individuals and corporations not resident in the United States are subject to federal income tax only on income from a U.S. business and certain types of income from U.S. sources. They are subject to a different transfer tax (estate and gift taxes) regime than a U.S. taxpayer. States tax individuals resident outside the state and corporations organized outside the state only on wages or business income within the state. Payers of some types of income to nonresidents must withhold federal or state income tax on the payment. Federal withholding of 30% on such income may be reduced under a tax treaty. Such treaties do not apply to state taxes.Privacy & Anonymity of shareholders and directors:The LLC is formed with Articles of Organization. The Articles does list the organizer name. The organizer may be one of the members (owners) or any person who is authorized to form the company on behalf of the members.Capital:There is no minimum or maximum capital for a BVI Delaware (USA) Limited Liability Company. You can form a Delaware LLC with any capital amount you decide on. There is no requirement to pay the share capital with the incorporation or any other official time line (such as opening a bank account).Shareholders, Directors and Officers:Only one director and owner (member) are required and can be the same person. Nominee organizer is permitted. No statutory requirement for officers; however, if officers are required they can also be directors and shareholders. Members and directors may be non us residents. Directors and members may be either a natural person or a corporate entity.Financial Reporting:A Delaware (USA) may be required to file annual tax return which reflects the tax status of the company and members. The company is required to keep financial records, which reflect the financial position of a company.

I have a Premium Credit card which has a TSA credit allowance of 100$ for every 4 years. So I decided to apply for global entry and Here’s my experience.Jan 2019:I filled in the global entry application on Trusted travelers Program website(Official Trusted Traveler Program Website) and Paid the 100$ Fee using my credit card.I have got a credit for 100$ used on TTP website automatically within a week.I have a trip to India coming up soon and I registered on the http://www.passportindia.gov.in website and signed up for Background verification for GEP program.(Follow the instructions here, How to Apply for Passport)Feb 2019:I paid 500 rupees(I think) as fees and Scheduled an appointment(slots were almost immediately available in Visakhapatnam passport seva kendram, Andhra pradesh). Carry your passport and Address proofs and you should be all set within an Hour. Then your GEP verification will give you a conditional approval with a police verification due soon. In my case the police arrived to my home address(as on passport and declaration) and verified.Here’s the List of accepted Documents:Old passport in original with self-attested photocopy of its first two and last two pages including ECR/Non-ECR page and page of observation (if any). Proof of Present Address List of Acceptable Documents: (i) Water Bill/Telephone (landline or post paid mobile bill)/Electricity bill (ii) Photo passbook of running Bank Account (Scheduled Public Sector Banks, Scheduled Private Sector Indian Banks and Regional Rural Banks only)/Income Tax Assessment Order/Election Commission Photo ID card/Proof of Gas Connection (iii) Certificate from Employer of reputed companies on letter head (Only public limited companies can give address proof on company letter head along with seal. Computerized print-outs shall not be entertained.) (iv) Parent's passport copy, in case of minors(First and last page) (v) Applicant's Aadhaar card (vi) Rent Agreement Note: 1. This document is applicable only if applicant's present address is different from that in the existing passport 2. Applicants are required to submit the proof of address of the present address only, irrespective of the date from which he/she has been residing at the given address. 3. Aadhaar letter/card or the e-Aadhaar (an electronically generated letter from the website of UIDAI), as the case may be, will be accepted as Proof of Address (POA) and Proof of Photo-Identity (POI) for availing passport related services. Acceptance of Aadhaar as PoA and PoI would be subject to successful validation with Aadhaar database. 4. Any of the remaining documents containing address Out of 12 documents listed under Tatkaal application, could also be accepted as proof of residence if such documents have the same present residential address as given by the applicant in the Passport Application Form.There was no update what-so-ever, complete silence for the next few months. Application. The GEP Application Status on the Passport Seva, Ministry of External Affairs, Government of India was as follows:GEP verification Process has been initiated on your application. Once inputs from all the concerned government authorities are received, the report will be shared with US customs and boarder protection (CBP). No queries would be entertained in relation to your GEP Application status at the passport offices and PSP call center. you may contact CBP for further updates on the processing of your GEP ApplicationJune 2019:My US Visa stamping has expired meanwhile(the Visa info i used for this application). I have an extension filed for Change of status and approved. But I haven’t gone to stamping until oct 2019.August 2019:I tried to contact PSP call center, emailed the passport seva kendra and also contacted the CBP customer service regarding the status of my application. there was no response what so ever. I assumed this is a flop process and forgot about this after.Sept 2019:Had to go on an international trip and went stamping. got approved.Oct 2019:I flew into the united states and I was going through the customs at the port of entry. After conversation and regular customs stuff with the CBP/DHS officer, The officer informed me that my Global Entry program application is now partially approved and the officer asked me to take a visit to the Nexus/GEP/Sentri Enrollment Center. I’m quiet surprised almost forgot about this.I’m assuming because my visa(Visa information used for initial application) has expired my GEP application was stuck and as soon as my new visa information was linked onto my profile by the CBP/DHS officer, I think my GEP application was conditionally approved.I scheduled an interview at Blaine Enrollment Center, WA. (slots were available with a week) and had an interview.Interview:Take all the necessary documents(usual customs stuff) and be there for appointment. The conversation with the CBP interviewer was, He asked me a few question to verify my identity and questions like any updates to your personal information since you entered your details on the application in Jan 2019?I had a change of address, reported that. Change in visa status reported that, Change in job title reported that.. etc.He asked me usual stuff like if I ever was involved in a crime? If I ever got detained at a customs boarder check? etc..the interview was quick and general conversation lasted for about 5 to 10 mins.The CBP officer gave me a Known Traveler Number. I got a Approval notice(on the ttp portal) for GEP within 48 hours from my appointment at Blaine Enrollment Center). I was also given the TSA pre benefit and this is valid for 5 years effective immediately(even though I haven’t received my Global Entry Card).I am yet to, but I was told I would receive my GEP card with a couple of weeks at my home address.In my case the whole process took about 10 months. Maybe because I had an expired visa for a few months but I think this could be quicker if you have a valid visa.Edit:5/18/20: I was told I would receive a Global Entry card via mail during my Interview. I never received such card so far(been over 6 months). I think they were wrong about the card. All you’ll have is a KTN(Known Traveler Number) and that’s it. It will be liked to your credentials (i’m assuming) they’ll be able to verify you using your identification and the KTN.Make sure you update your airline profile with your KTN. They won’t know unless you tell them and you should provide your KTN when you book your ticket to have the TSA Pre on your boarding pass. if your boarding pass doesn’t say TSA Pre, you cant use TSA PRE and there’s no way for you to get that added right before the flight.

IRS REMINDS THOSE WITH FOREIGN ASSETS OF U.S. TAX OBLIGATIONSWASHINGTON — The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2014, that they may have a U.S. tax liability and a filing requirement in 2015.Most People Abroad Need to FileA filing requirement generally applies even if a taxpayer qualifies for tax benefits, such as the foreign earned income exclusion or the foreign tax credit , that substantially reduce or eliminate their U.S. tax liability. These tax benefits are not automatic and are only available if an eligible taxpayer files a U.S. income tax return.The filing deadline is Monday, June 15, 2015, for U.S. citizens and resident aliens whose tax home and abode are outside the United States and Puerto Rico, and for those serving in the military outside the U.S. and Puerto Rico, on the regular due date of their tax return. To use this automatic two-month extension, taxpayers must attach a statement to their return explaining which of these two situations applies. See U.S. Citizens and Resident Aliens Abroad for details.Nonresident aliens who received income from U.S. sources in 2014 also must determine whether they have a U.S. tax obligation. The filing deadline for nonresident aliens can be April 15 or June 15 depending on sources of income. See Taxation of Nonresident Alienson Internal Revenue Service.Special Reporting for Foreign Accounts and AssetsFederal law requires U.S. citizens and resident aliens to report any worldwide income, including income from foreign trusts and foreign bank and securities accounts. In most cases, affected taxpayers need to complete and attach Schedule B to their tax return. Part III of Schedule B asks about the existence of foreign accounts, such as bank and securities accounts, and usually requires U.S. citizens to report the country in which each account is located.Taxpayers with an interest in, or signature or other authority over, foreign financial accounts whose aggregate value exceeded $10,000 at any time during 2014 must file with the Treasury Department a Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts (FBAR). It is due to the Treasury Department by June 30, 2015, must be filed electronically and is only available online through the BSA E-Filing System website. For details regarding the FBAR requirements, see Report of Foreign Bank and Financial Accounts (FBAR).In addition, certain taxpayers may also have to complete and attach to their return Form 8938, Statement of Foreign Financial Assets. Generally, U.S. citizens, resident aliens and certain nonresident aliens must report specified foreign financial assets on this form if the aggregate value of those assets exceeds certain thresholds. See theinstructions for this form for details.IRS Simplifies Reporting for Canadian Retirement AccountsThe IRS has eliminated a special annual reporting requirement that has long applied to taxpayers who hold interests in either of two popular Canadian retirement plans. This is part of an IRS change announced in October making it easier for taxpayers with these plans to get favorable U.S. tax treatment. As a result, many Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) no longer need to file Form 8891 each year reporting details on these plans. This change does not affect any other reporting requirements that may apply, such as FinCEN Form 114 and Form 8938.Report in U.S. DollarsAny income received or deductible expenses paid in foreign currency must be reported on a U.S. return in U.S. dollars. Likewise, any tax payments must be made in U.S. dollars.Both Form 114 and Form 8938 require the use of a Dec. 31 exchange rate for all transactions, regardless of the actual exchange rate on the date of the transaction. Generally, the IRS accepts any posted exchange rate that is used consistently. For more information on exchange rates, see Foreign Currency and Currency Exchange Rates.Expatriate ReportingTaxpayers who relinquished their U.S. citizenship or ceased to be lawful permanent residents of the United States during 2014 must file a dual-status alien return, attaching Form 8854, Initial and Annual Expatriation Statement. A copy of the Form 8854 must also be filed with Internal Revenue Service Philadelphia, PA 19255-0049, by the due date of the tax return (including extensions). See the instructions for this form and Notice 2009-85, Guidance for Expatriates Under Section 877A, for further details.Choose Free File or E-FileU.S. citizens and resident aliens living abroad can now use IRS Free File to prepare and electronically file their returns for free. This means both U.S. citizens and resident aliens living abroad with adjusted gross incomes (AGI) of $60,000 or less can use brand-name software to prepare their returns and then e-file them for free. A limited number of companies provide software that can accommodate foreign addresses. To determine which will work best, view the complete Free File Software list and the services provided.A second option, Free File Fillable Forms, the electronic version of IRS paper forms, has no income limit and is best suited to people who are comfortable preparing their own tax return.Both the e-file and Free File electronic filing options are available until Oct. 15, 2015, for anyone filing a 2014 return. Check out the e-file link on Internal Revenue Service for details on the various electronic filing options. Free File is not available to nonresident aliens required to file a Form 1040NR.Source: Foreign Assets of U.S. Tax Obligations - Protax