Delaware

Delaware

 

Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, to the northeast by New Jersey, and to the north by Pennsylvania. The state takes its name from Thomas West, 3rd Baron De La Warr, an English nobleman and Virginia’s first colonial governor.

Delaware is located in the north eastern portion of the Delmarva Peninsula and is the second least extensive, the sixth least populous, but the sixth most densely populated of the 50 United States. Delaware is divided into three counties. From north to south, these three counties are New Castle, Kent, and Sussex. While the southern two counties have historically been predominantly agricultural, New Castle County has been more industrialized.

More than 50% of all U.S. publicly traded companies and 63% of the Fortune 500 are incorporated in Delaware. The state’s attractiveness as a corporate haven is largely because of its business-friendly corporation law. Franchise taxes on Delaware corporations supply about one-fifth of its state revenue. Although “USA (Delaware)” ranked as the world’s most opaque jurisdiction on the Tax Justice Network’s 2009 Financial Secrecy Index, the same group’s 2011 Index ranks the USA fifth and does not specify Delaware.

Incorporation

Type of company: LLC

Who can incorporate: Licensed registered agent.

Time to incorporate: 2 days, but must allow an additional 5-7 business days for delivery of documentation

Registration fee: US$250

Shelf company availability: Yes

Taxation: Not subject to taxation

Minimum annual government fee: Varies

Disclosure of beneficial owner: No

Bearer shares: Not applicable

Standard minimum paid up: Not applicable

Standard authorised capital: Not applicable

Permitted currency of capital: Not applicable

Minimum number of shareholders: One

Minimum number of directors: One

Corporate directors: Not required

Company secretary: Not applicable

Local directors: Yes

Company seal: Optional

Public record of directors & shareholders: Yes

Location of directors and shareholders meeting: Anywhere

Telephone board meeting: Yes

Access to Double Tax Treaty: Normally no

Requirement to file account: No

Requirement to keep account: Yes

Requirement to file annual return: Yes

Change in domicile: Within USA only

Local registered office address: Delaware LLC has to maintain a local registered agent and registered office in Delaware

Data Sheet

Delaware LLC Corporate Data Sheet – Summary

Type of companyLLC
Common or civil law jurisdictionsCommon law
Shelf company availabilityYes
Time to incorporate2 days, but must allow an additional 5-7 days for delivery of documentation
Min. annual duty or franchise feeVaries
Annual return filling feeUS$220
TaxationNot applicable
Disclosure of beneficial ownershipNo
Bearer sharesNot applicable
Standard minimum paid up capitalNot applicable
Standard authorised share capitalNot applicable
Permitted currency of capitalNot applicable
Minimum number of shareholders1
Minimum numbers of directors1
Corporate directorsNot required
Local directorsYes
Company secretaryNot applicable
Company sealOptional
Public record of directorsYes
Public record of shareholdersYes
Location of directors meetingAny where
Location of shareholders meetingAny where
Telephone board meetingYes
Access to Double taxation treatyNo
Requirement to file accountNo
Requirement to keep accountYes
Requirement to file annual returnYes
Change in domicileWithin USA only
Local registered addressDelaware LLC has to maintain a local registered agent and registered office in Delaware
Who can incorporate?Licensed registered agent

 

Banking Options

Click the link below to see the banking option we have for Delaware Company.

Delaware Company Banking Option

Inquiry

How can I get more information on company formation in Delaware?

Please contact us if you wish to open a company in Delaware and we will be pleased to discuss your Delaware offshore company formation matters in greater detail.

Full Name (required)

Company Name

Nationality

Your Email (required)

Enquiry

captcha