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Despite the fact that the State of Delaware is one of the smallest in the USA, when it comes to registration of business structures it is unrivalled in the world - there are over 400,000 enterprises registered in this small State alone.
The State of Delaware is proud of its designation as "the First State", given to it, as it was the very first State to ratify the constitution of the new United States of America in 1787.
These days, Delaware has an excellently developed infrastructure, hi-tech communications links, and a first-rate situation, lying exactly halfway between the cities of New York and Washington DC.
For entrepreneurs throughout the world, Delaware is one of the most attractive places for registering their international business operations, on account of its liberal company law and its simple company registration procedures.
In common with other states of the USA, Delaware corporate law offers the possibility of establishing a Sole Proprietorship, a General Partnership, a Limited Partnership, and C Corporations. However, the corporate entity that is most appropriate for international business purposes is the Delaware Limited Liability Company (LLC). More detailed information about Delaware LLC companies is given below.
| GENERAL INFORMATION | Total area - 5005 sq km
Population - 690,000
Location - click here to see the map of offshore jurisdictions
Political status - State of The United States of America
Capital - Dover
Official language - English
Official currency - US Dollar
Time zone - GMT - 5 |
| Company type | Limited Liability Company (LLC) |
| Officers & Shareholders | Management and ownership of Delaware LLC companies is vested in the Members of the LLC, who act as both shareholders and officers of the company.
The Members may be natural persons or corporate bodies from any legal jurisdiction.
Member information is generally stated in the Certificate of Formation of the LLC.
Delaware LLC companies require a minimum of 1 Member, who may act as sole operating officer (i.e. Director/President, Secretary, Treasurer, etc.). |
| Authorised Capital (Equity) | Standard authorised equity (capital) = USD 50,000.
There is no statutory requirement for capital to be fully or partly paid on incorporation. |
| Company Names | Company names should end with the words "Limited Liability Company" or the suffixes "LLC" or "LC".
Company names containing restricted words such as "Bank", "Insurance", "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 Delaware state authorities. |
| Filing of Annual Return | An Annual Return must be submitted on the 1st of June every year after the year of registration. |
| Filing of Financial Statement | There is no general requirement to file Financial Statements for an LLC company that has no business activities or income in USA and where management and control is carried out by Members who are not USA residents.
All companies must maintain adequate accounting records. |
| Corporate Taxation | LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are exempt from USA Federal and State corporation taxes. |
| Tax Treaties | LLC companies which have no business activities in USA; do not derive any income from USA sources, and are managed and controlled by Members who are not USA residents, are not regarded as resident for tax purposes in USA and therefore are not entitled to take advantage of international Double Taxation agreements concluded by the USA with other countries. |
| 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 Delaware LLC | 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 8 "Ready-made" USA companies available (click here for list of companies) |
| Price of Delaware LLC | USD 1,190, including incorporation costs, full domiciliary (Registered Agent/Office) costs, Nominee services and legal support services for one year. |
| Cost of annual support services | USD 620 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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