Locator Map
Located in Wilmington, Delaware, First State lies directly in the heart of the U.S. eastern business corridor, just a two-hour drive to New York City, the world’s most active commodities market. Thus, while held in an account at First State, our customer’s assets remain safely removed from the potential perils that exist in today’s world, yet conveniently positioned for quick delivery into the most vibrant commercial market on the globe.
Delaware’s Tax Advantages
With your assets stored in an account at First State, you’ll enjoy many of the world famous tax breaks that Delaware offers its business constituents and local commercial citizens. Specifically, in Delaware there are no sales, personal property, inventory or commercial net worth taxes. Thus, there is no tax imposed on the payment of depository storage fees, as there is in NewYork, for example, and retail coin and bullion purchases made anywhere in the United States can be made sales tax free when those assets are shipped by the selling dealer to your safekeeping account at First State. Investors and commercial entities that take advantage of these Delaware benefits typically save many hundreds, and even thousands of dollars each year.
