PRESENTATION OF JURISDICTION
Delaware is a state in the United States of America, located on the east coast, south of Pennsylvania. The capital of the state is the city of Dover, a major financial center with a developed banking infrastructure. The total area of the State of Delaware is almost 6,5 thousand km², and the population – more than 900 thousand people. The territory of Delaware consists of three districts – New Castle, Kent, Sussex.
A huge number of corporations are registered in Delaware. Entrepreneurs and businessmen are attracted by the prestige of the company’s registration in the US, the simple procedure of incorporation, and, most importantly, the favorable tax regime that minimizes cost of taxation. In addition, the creation of a company in Delaware can be used for business immigration for those who wish to move to the United States.
Legislative power belongs to the General Assembly, which consists of the House of Representatives and the Senate. There are 41 members in the House of Representatives, and 21 members in the Senate. Three representatives of the assembly represent the state in the US Congress. The executive power is headed by the governor, who is elected in elections for a period of 4 years.
There is a Court of the Chancery and the Supreme Court of the State in Delaware. Delaware Court of Chancery examines corporate disputes quickly and effectively within the framework of English common law and its precedents. Corporate legal regulation and the Court of the Chancery, which deals with most of corporate disputes, are factors that favorably influence the flow of investment.
This staff is rightfully considered a corporate center not only in the US, but also in the whole world.