Delaware is located in the United States of America on the East side near Baltimore and Washington D.C. This geographical position represents a real advantage in terms of export markets due to its close location to the sea and main highways.
The General Corporation Law of Delaware has built a good reputation for this jurisdiction and has helped Delaware in becoming a famous place for company incorporation.
The companies incorporated in Delaware are known as LLC’s which offer the advantages of a combination between a corporation limited by shares and the Limited Partnership.
This is a good way to protect the personal liability and assets of the owners. At the same time it allows the owner to enjoy the benefits of a tax-free jurisdiction on all business transactions and profits generated outside the United States without having to go through the restrictions of a US Corporation.
It offers the possibility to have a US company with the similar advantages of an International Business Company (traditionally called “offshore company”).
|Company type||Limited Liability Company (LLC).
All corporations incorporated under this particular legislation must us LLC at the end of its name.
|Governing corporate legislation||The Delaware Secretary of State is the governing authority and companies are regulated under the Delaware Corporation and business law|
|Information published relating to company officers||There is no public register of company officers|
|Confidentiality||The State of Delaware offers a high level of anonymity and privacy|
|Accounting requirement||No accounting / reporting requirements|
|Legislation||Modern offshore legislation|
|Time to form||Delaware has an efficient Registry : 2 days formation time|
|Stability||Stable jurisdiction with excellent reputation (USA)|
|Communication||Efficient communication means|
|Time zone||Convenient world time zone : GMT-4|
|Paid up capital requirement||No paid up capital requirement|
|Basis of legal System||Under Common Law|
|Minimum shareholders / directors||Minimum of 1 Director and 1 Shareholder|
|Bearer shares||Bearer Shares not permitted|