Company Formation in Delaware
Delaware is a state located in the Mid-Atlantic or Northeastern regions 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. Delaware is the sixth most densely populated state, with a population density of 442.6 people per square mile, 356.4 per square mile more than the national average, and ranking 45th in population. Delaware is one of five states that do not have a single city with a population over 100,000 as of the 2010 census, the other four being West Virginia, Vermont, Maine and Wyoming. The center of population of Delaware is located in New Castle County, in the town of Townsend.
The General Corporation Law of Delaware has obtained a good reputation for this jurisdiction and has helped Delaware to become one of the best choices for company incorporation. The companies incorporated in Delaware are known as LLCs, which offer the advantages of a combination between a corporation limited by shares and a Limited Partnership, a combination that protects the personal liability and assets of the owners. Likewise it gives the opportunity to the owner to enjoy the benefits of a tax-free jurisdiction on all business transactions and profits generated outside the U.S. without having to go through the restrictions of a US Corporation.
A Delaware LLC Company is not considered a tax haven company, however it has the same advantages as one of them.
As a non-US resident, your Delaware LLC will only be taxed in the US on income from US sources, meaning that income from other countries will not be taxed by the US. Any profits US-sourced income will be taxed by 30%.
Advantages of company incorporation in Delaware:
Summary of Delaware Limited Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Limited Liability Company (LLC) |
| Corporate Legislation | The Delaware Secretary of State is the governing authority and companies are regulated under the Delaware Corporation and business law |
| Taxation | Corporation Tax – 0% Tax on Dividends – 0% No withholding tax on interest, dividends and royalty, no capital gains tax |
| Currency | Standard Currency USD |
| Paid up capital requirement | No paid up capital required |
| Time zone | GMT-4 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Optional |
| Local Secretary required | No |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | USD |
| Standard Authorized Capital | 1,000 USD |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | No |
| Requirement for audit | No |
| Accounts public accessible | No |
| Requirement to file Annual Return | No |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Delaware Limited Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.