Delaware

Delaware - Offshore company - Overview

Delaware is located on the Atlantic coast, halfway between New York and Washington D.C. being one of the smallest states in the US. Delaware is the leading jurisdiction for the incorporation of companies in US (more than half of the Fortune 500 companies and more 30% from the companies listed on the New York Stock Exchange and American Stock Exchange). Delaware jurisdiction has a very stable democracy and is well known as the most popular offshore jurisdiction for offshore companies. The offshore company registration process is one of the most fastest and easiest in the world.


One of the most important advantages of Delaware jurisdiction is the state's internationally renowned Court of Chancery which deals exclusively with corporate matters. Judges of this Court are appointed on merit alone and not elected. The corporate laws of Delaware are very user-friendly and have often been cited by other states as a standard for testing corporate legal matters. Other advantages Delaware jurisdiction offer are: computerized fast and easy registration procedure with electronic Certificate of Incorporation for offshore companies; there are no restriction on citizenship or residency of owners; you can do any business, which is not prohibited by law or requires licensing; confidentiality of the beneficiaries and shareholders of the offshore company; the offshore company can have bank accounts, real estate and do business in any country in the world; no inheritance tax.


You have several entity types you can incorporate in Delaware (USA): Corporations and LLCs. US LLCs are popular vehicles for conducting international business. LLCs with non-resident members and which conduct no business in the US and which have no US-source income are not subject to US federal income tax and are not required to file a US income tax return.
The United States LLC is not a partnership or a corporation. LLCs are a hybrid of a Corporation and a Partnership, sharing the same features as a Corporation but they may also choose to be taxed as a corporation, partnership or trust.

 

Delaware

General Information

Type of entity

LLC

Type of law

Common

Shelf company availability

Yes

Company Registration Timescale

2 days

Corporate Taxation

Fiscally transparent

Double Taxation Treaty Access

Normally No

Share Capital or Equivalent Requirements

Standard currency

Not applicable

Permitted currencies

Not applicable

Minimum paid up

Not applicable

Usual authorized

Not applicable

Managers

Minimum number

One

Local required

No

Publicly accessible records

On formation

Location of meetings

Anywhere

Members

Minimum number

One

Publicly accessible records

Varies by State

Location of meetings

Anywhere

Company Secretary

Required

Not applicable

Local or qualified

Not applicable

Accounts

Requirement to prepare

Yes

Audit requirements

No

Requirement to file accounts

No

Publicly accessible accounts

No

Recurring Government Costs

Annual Return Filling Fee

US$220

Other

Requirement to file annual return

Yes

Requirement to file FBAR(Foreign Bank and Financial Accounts)

Yes, if the bank account exceeds $10,000 at any time during the calendar year

Change in domicile permitted

Within USA only

Delaware Incorporation Costs

Company registration

590 Euro

Bank account

390 Euro

Annual Tax (from 2nd year)

490 Euro

Optional/Additional costs

*Seychelles Nominee Director & Shareholder

1,200 Euro

Certificate of Good Standing

150 Euro

Power of Attorney

150 Euro

Apostil/document

150 Euro

Seal / Rubber stamp

50 Euro

Courier Delivery

80 Euro

*optional