Jurisdiction

Delaware

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”).

Main characteristics:

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
Taxation	Franchise tax
Legislation	Modern offshore legislation
Standard Currency	US$
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
Secretary required	Optional
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