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THE MAIN CHARACTERISTICS OF DELAWARE COMPANY

GENERAL
Type of entity
LLC
Type of law
Common
Shelf company availability
Yes
Our time to establish a new company
2 days
Minimum government fees (excluding taxation)
Varies
Corporate taxation
Fiscally transparent
Double taxation treaty access
Normally No
SHARE CAPITAL OR EQUIVALENT
Standard currency
USD
Permitted currencies
Not applicable
Minimum paid up
USD 1
MANAGERS
Minimum number
One
Local required
No
Publicly accessible records
No
Location of meetings
Anywhere
MEMBERS
Minimum number
One
Publicly accessible records
Yes
Location of meetings
Anywhere
ACCOUNTS
Requirement to prepare
Yes
Audit requirements
No
Requirement to file accounts
No
Publicly accessible accounts
No
OTHER
Requirement to file annual return
Yes
Change in domicile permitted
Within USA only

PRESENTATION OF JURISDICTION

Delaware is a state of United States of America located on the east coast, south of Pennsylvania.

The Delaware LLC is a divergent business entity that offers an alternative to partnerships and corporations by associating the corporate advantages of limited liability with the partnership advantage of pass-through taxation. Delaware LLCs may be exempt of federal income tax and income tax return if the following conditions are present:

  • Non-resident members;
  • Do not run business in the US;
  • Non US income source.

As it can be noticed those conditions are the ones which are present in offshoring solutions.

INTEREST OF THE JURISDICTION

Advantages of a company in Delaware

  • No corporate tax – 0%.
  • Account filing not required.
  • Low incorporation and administration fees.
  • Well-developed legal system.
  • Delaware Corporations are often used for American trading situations.
  • Quick incorporation procedures and readily understandable corporate law.
  • Robust and business friendly banking system.
  • Wide range of offshore services.

Possible disadvantages of a company in Delaware

  • Company ownership is difficult to prove, but the directors of the company can be named in Articles of Incorporation of the company.

HOW TO
PROCEED

To incorporate or purchase a company the following documentation should be provided:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

Payment of our fees

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening