Valis International

Description

In the near future we will be able to setup Corporations in the Cayman Islands to create parent corporations for our clients' US corporations. This will enable the US corporations to lose money every year and the C.I. managing/parent corporations to have the income in a tax free environment. Thus our clients will only pay local taxes on the funds they draw from the C.I. corporations for their own use. Yes this is perfectly legal. We plan to do the US tax returns and C.I. annual statements of any of our clients who wish to keep their US corporations losing money. Thus relieving all the extra burdens of owning foreign businesses and conducting international business for you, our client.

Limited liability companies are a relatively new creation. LLC's were first created by Wyoming in 1977. Delaware created its Limited Liability Company Act in 1992. In the 1960's and 70's several states including Delaware adopted close corporation acts which were intended to create flexibility in the operation of limited liability entities. These companies never became popular because of the limitations and rigidity contained in the law. Delaware's Act was drafted to avoid that rigidity and to provide the required flexibility. It is important to remember that there is no requirement that either a shareholder of a corporation or the member of an LLC be an US citizen or resident. The same applies to officers, directors and managers.

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