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The State of Oregon is situated on the Western seaboard of the USA; the time difference with Eastern Standard Time is three hours.
Due to its situation in the far west, Oregon is still referred to as the Sunset State, for travellers down route US 101, which runs along the Pacific coast, can feast their eyes on the beautiful sight of the sun sinking into the ocean.
The motto of the state of Oregon is "Unity".
Registration of companies in Oregon is carried out by the Oregon Secretary of State, Corporations Division.
Liberal company law of this State is the main factor guaranteeing for Oregon a status as one of the leading States in the USA regarding the number of enterprises registered there.
In common with other States of the USA, Oregon corporate law offers the possibility of establishing a Sole Proprietorship, the General Partnership, the Limited Partnership, the C-corporation, and the Limited Liability Company (LLC). Below we describe the Corporation - the second most popular type of business structure with entrepreneurs, after the LLC.
| GENERAL INFORMATION | Total area - 254,819 sq km
Population - 3,421,000
Location - click here to see the map of offshore jurisdictions
Political status - State of The United States of America
Capital - Salem
Official language - English
Official currency - US Dollar
Time zone - GMT - 8 |
| Company type | Corporation |
| Officers & Shareholders | The Directors of the Corporation may be natural persons from any legal jurisdiction.
Director information is generally stated in the document - Statement of Incorporator in lieu of organization meeting.
Oregon Corporations require a minimum of 1 Director.
Legislation of the State of Oregon does not require to disclose information about corporation's shareholders to Oregon state authorities.
No requirement for there to be a company secretary. |
| Authorised Capital (Equity) | Standard authorised capital of corporation is divided to 1500 shares without nominal value.
There is no statutory requirement for capital to be fully or partly paid on incorporation. |
| Company Names | Company names should end with the words "Incorporated"; "Corporation"; "Company"; "Limited" or the suffixes "Inc.", "Corp.", "Co.", and "Ltd".
Company names containing restricted words such as "Bank", "Trust", "University", "College" etc. will not be permitted unless an appropriate State operating licence has been obtained by the company. |
| Beneficial Ownership information | There is no statutory requirement for ultimate beneficial ownership information to be disclosed to Oregon state authorities. |
| Filing of Annual Return | An Annual Return must be submitted every 12 months after the date of registration. |
| Filing of Financial Statement | For companies, who have a US taxpayer identification number (EIN number), the Financial Statement must be submitted every year. |
| Corporate Taxation | Flowing tax rate 15-39% depending on turnover, is applicable for companies who have a US taxpayer identification number (EIN number). |
| Tax Treaties | United States has concluded double tax treaties with more than 50 countries worldwide. |
| Timeframe for incorporation | 2/3 working days. A complete set of company documents can be delivered in 3/4 weeks. |
| Takeover of management & secretarial services for an existing Oregon Corporation | Possible, following verification of Beneficial Ownership and discharge of liabilities to previous corporate service providers. |
| Description of incorporation documents | Click here for itemised description of company documents. |
| "Ready-made"("Shelf") companies | Today we have 4 "Ready-made" USA companies available (click here for list of companies) |
| Price of Oregon Corporation | USD 1,140, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 600 per year, including full domiciliary (Registered Agent/Office) costs, annual franchise taxes, Nominee services and legal support services for each year. |
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INTERNATIONAL OVERSEAS SERVICES has the following comments: -
Oregon is the State of choice for many entrepreneurs as the place of incorporation for their non-resident company. Moderate registration fees, convenient company administration and the State's absence from the "blacklists" of various countries are all factors that make Oregon one of the most popular locations for registration of non-resident enterprises.
We should like to emphasise that unlike an LLC, a corporation does not possess the sort of economic structure that enjoys exemption from taxation in the USA. In practice, if a corporation does not have a taxpayer registration number (EIN) in the USA, it is regarded in that country as "dormant", i.e. not carrying on business. In this way, a company, provided that it does not carry on an activity within the USA, can theoretically remain registered for many years. However, we are bound to repeat that corporations incorporated in the USA do not, by law, enjoy exemption from tax.
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