Delaware LLC
Background
• Low start-up and maintenance costs
• Currently no due diligence and 'know your client'
requirements
• Excellent professional infrastructure
• A popular jurisdiction for its user-friendly corporate
laws
Introduction to Delaware
The State of Delaware is the second smallest state in America,
situated on the east coast of the United States. Presently
800,000 people populate this English-speaking democratic
state.
Delaware is the leading jurisdiction for the incorporation
of companies in the United States (US). Companies incorporated
in Delaware account for more than half of the Fortune 500
companies as well as one out of every three companies listed
on the New York Stock Exchange and the American Stock Exchange.
Law And Taxation
The corporate laws of Delaware are very user-friendly and
have often been used by other states as a standard for testing
corporate laws. As a result, the corporate laws in Delaware
are familiar to many lawyers both domestically and internationally.
Companies of primary interest to offshore investors are
the Corporation and the Limited Liability Company (LLC).
LLCs are a hybrid of a Corporation and a Partnership, sharing
the same features as a Corporation but may also choose to
be taxed as a corporation, partnership or trust.
There is no income state tax for Delaware Corporations
or LLCs that do not conduct business in the US.
The only tax typically payable is an annual franchise tax
which falls due on the 1st of March (Corporation) and 1st
June (LLC) each year respectively. The annual franchise
tax for a Corporation with the standard minimum share capital
is USD35 plus an additional USD25 filing fee for the annual
franchise tax report. For a LLC, the franchise tax is USD200.
In situations where no business is conducted in the US
and the Shareholders, Directors and Officers are not US
citizens, a Delaware Company has the same characteristics
as a normal "offshore" company.
Corporate Requirements
| Minimum Number of Members |
1 |
| Corporate Members |
Allowed |
| Residency of Members |
Non-US |
| Company Secretary |
N/A |
| Registered Office in Delaware |
Yes |
| Registered Agent in Delaware |
Yes |
| Language of Documents |
English |
| Name of Company |
English |
| Normal Minimum Capitalisation |
Usually USD 1.00 |
| Annual Franchise Tax |
USD 200 |
| Disclosure of Beneficial Owners |
No |
| Telephonic Meeting |
Yes |
| Annual Return |
N/A |
| Annual Filing |
N/A |
| Shelf Companies |
Yes |
Our Services
We can incorporate a company with your choice of name and
confirm the availability of names in advance. All companies
are provided with:
– a complete company kit
– including first subscribers minutes
– 3 copies of the M&A
– statutory registers format
In addition, we can assist clients in obtaining
– certificates of good standing
– registered agent certificates
– other certificates of corporate existence
We do not provide corporate management services but would
be pleased to introduce you to other professional firms
which do. We have a network of preferred and recommended
Professional Firms who have years of experience in the administration
and management of a company.
