Denounce with righteous indignation and dislike men who are beguiled and demoralized by the charms pleasure moment so blinded desire that they cannot foresee the pain and trouble.
Read MoreDELWARE
Delware Offshore Company Incorporation Overview
(Prices below do not include Nominee Director. Please refer to our Nominee Service Price List for fees.)
| Prices in USD | ||
|---|---|---|
| Limited Liability Co. | Corporation | |
| Incorporation* | USD 1,250 | USD 1,290 |
| Bank Account | USD 800 | USD 800 |
| *includes first year Company Secretary | ||
Delaware has a long history as the preferred jurisdiction for incorporation in the United States. More than 850,000 business entities have their legal home in Delaware, including more then half of all U.S. public listed companies and over 60% of Fortune 500 businesses.
Corporation or LLC (Limited Liability Company)?
Both types of entities will protect your assets and have limited liability. A business that has been incorporated will allow you to “go public” and sell stock in your company. An LLC is a hybrid of a Corporation and Partnership, has a less formal air to it, offering greater flexibility for owners and enjoy “pass-through” taxation similar to that of a partnership. This allows an LLC to pass all its income and losses through to the owners.
Benefits of incorporating in Delaware
- Low formation/incorporation and annual franchise/renewal fees.
- No Delaware corporation income tax for Delaware corporations not operating in Delaware.
- Delaware has no sales or personal property tax.
- Business Licence is not required if Corporation is not doing business in Delaware. (Note: a business license is needed for each state or territory of the U.S. in which it does business. If it does no business in the U.S. or its territories then no license is needed.)
- Directors and members need not be U.S. citizens.
- No name or address disclosure requirement for the initial board of directors
- The corporation must have a registered agent in Delaware, but not a business office.
- One person may act as the only officer, director and shareholder of a corporation.
- Where no business is conducted in the U.S. and the members/shareholders, director and officers are not US Citizens, a Delaware Company has the same characteristics as a normal “Offshore” Company.
| Key Corporate Features | ||
|---|---|---|
| General | ||
| Type of Entity | Limited Liability Company (LLC) | Corporation |
| Type of Law | Common & Statutory | Common & Statutory |
| Shelf Company Availability | Yes | Yes |
| Minimum Government Fees (Excluding Taxation) | USD 300 | USD 225 |
| Corporate Taxation | None* | None on Out-of-State Profits* |
| Double Taxation Treaty Access | Yes | Yes |
| Share Capital or Equivalent | ||
| Standard Currency | USD | USD |
| Permitted Currencies | USD | USD |
| Usual Authorized | N/A | USD 5,000 |
| Minimum Paid-up Capital | USD 1.00 | USD 1.00 |
| Directors or Managers | ||
| Minimum Number | One Manager | One Director |
| Local Required | No | No |
| Public Access to Records | No | Yes |
| Location of Meetings | Anywhere | Anywhere |
| Members | ||
| Minimum Number | One | One |
| Public Access to Records | No | No |
| Location of Meetings | Anywhere | Anywhere |
| Company Secretary Required | No | Yes |
| Local or Qualified | Not Required | Not Required |
| Accounts | ||
| Requirement to Prepare | Yes | Yes |
| Audit Requirements | No | No |
| Requirement to File accounts | No | No |
| Public Access to Accounts | No | No |
| Other | ||
| Requirement to File Annual Return | No | Yes |
| Change of Domicile Permitted | Yes | Yes |
| * U.S. Tax laws apply, hence whether U.S. Federal Taxes will be due is subject to the circumstances of the particular company, shareholders and members and the portions of the U.S. tax code that apply to them. |
||
General Information
The State of Delaware is the second smallest state in America after Rhode Island and is situated on the east coast of the United States in the heart of the New England business, finance and IT corridor, mideway between New York and Washington, D.C.. The United States Census Bureau estimates that the population of Delaware was 907,135 on July 1, 2011, a 1.02% increase since the 2010 United States Census.
Delaware has a separate Court of Chancery that handles Corporation law cases quickly, competently and exclusively. Judges of this court are appointed on merit alone and not elected. The corporate law of Delaware are very user-friendly and is widely recognized as being one of the best in the country, often been used by other states as a standard for testing corporate laws. As a result, its corporate laws are familiar to many lawyers both domestically and internationally.
Infrastructure & Economy
Since the 1990s Delaware has become increasingly dependent on the finance and insurance sectors for employment and income, although manufacturing and agriculture are still important. The manufacturing, credit card, banking, and insurance industries are heavily concentrated in the north, while farming is carried on mainly below the Chesapeake and Delaware Canal . Chief agricultural products are broiler chickens, soybeans, corn, and dairy products. Potatoes and other vegetables are also grown. Delaware ‘s small fishing industry harvests mainly clams, menhaden and oysters.
Industries around Wilmington, especially the chemicals and materials company that was founded by the Du Pont family in the 19th cent. and that continues to be one of the largest in the world, also contribute to the state ‘s wealth. In addition to chemicals and chemical products, the biomedical, apparel, processed foods, rubber and plastic products, and transportation equipment industries are important. Dover Air Force Base is the largest military facility in the state.
| General Information | |
|---|---|
| Language | English |
| Currency | U.S. Dollar (USD) |
| Exchange Control | None |
| Type of Law | Based on English Common LawStatutory law based on British Common Law with extensions by the U.S. Congress and the Delaware State Legislature. |
| Principal Corporate Legislation | Delaware General Corporation Law as amended. |
| Company Information | |
| Type of Company for International Trade and Investment | The Delaware Corporation or Limited Liability Company (LLC). |
| Restrictions on Trading | None |
| Powers of Company | A Delaware Corporation or LLC has the full capacity of, and all rights, powers, and privileges of, a natural person. |
| Language of Legislation and Corporate Documents | English |
| Shelf Companies Available | Yes |
| Language of Name | English |
| Registered Office Required | Yes |
| Name Restrictions | The name must not be the same, or deceptively similar to, the name of any corporation, limited partnership, limited liability company, foreign corporation, foreign limited partnership, foreign limited liability company, or a name reserved for use of any other proposed corporation, unless written consent of the person or other entity for whom the name is reserved is filed with the articles. A name appearing to be that of a natural person and containing a given name or initials must not be used as a corporate name, except with an additional word such as "Incorporated," "Limited," "Inc.," "Ltd.," "Company," "Co.," "Corporation," "Corp.," or other word identifying it as not being the name of a natural person. If the name implies banking, trust, or insurance powers, prior approval of the banking superintendent or insurance commissioner is needed. |
| Suffixes to Denote Limited Liability | The name must end in Inc, Corp, Corporation, Ltd., Limited, Co. or Company. |
| Disclosure of Beneficial Ownership to Authorities | No. |
| Classes of shares authorised | Par value shares and no par value shares |
Need Some Help?
Need Some Help?
Need some advice on where to start? Contact our experts today!
Contact Us Soon
