Delaware has become a very popular location for incorporation, this is due it being recognized as the state with the most business-friendly law and tax regulations for anyone looking to start or manage a business. Delaware’s tax treatment is especially attractive for business that have other states as their headquarters, as a matter of fact; 34 of the largest 50 businesses in the U.S. along with more than 50% of Fortune 500 ® companies incorporated in Delaware, legal home to more than 1 million business entities.
We have only begun to describe the advantages of incorporating in Delaware and will now list a few more. Not only does Delaware have the most flexible and advanced entity laws- but it is also recognized as having the lowest franchise tax, especially for smaller businesses. Any shareholders, managers and directors are not legally required to be in Delaware, non-residents of Delaware are also not expected to pay personal income tax, sales taxes tax does however not exist. Large corporations with thousands of shareholders can also benefit from incorporating in Delaware as the Court of Chancery uses judges instead of juries, this can save a business a lot of time in the long term.
A Limited Liability Company more commonly referred to as an LLC is thought of as the easiest business to set up, here are some advantages of forming an LLC:
Basis of legal system | Under Common Law. |
Governing corporate legislation | The Delaware Secretary of State is the governing authority and companies are regulated under the Delaware Corporation and business law. |
Stability | Stable jurisdiction with an excellent reputation. |
Minimum directors/shareholders | Minimum of 1 director and 1 shareholder. |
Information published relating to company officers | There is no public register of company officers. |
Secretary required | No – but we highly recommend it |
Paid up capital requirement | No paid up capital requirement. |
Accounting requirement | No accounting/reporting requirements. |
Taxation | No tax of any kind provided that there are no transactions in the United States. |
Timespan incorporation | Delaware has an efficient Registry. Company incorporation can be processed within a few days. |
Incorporation
Name Check & Clearance
Preparation of Certificate of Formation
Electronic Filing of Certificate of Formation
Documents ready in 7-10 Business Days
State Filing
90,00 €
State filing fees
Speed Up Incorporation (normally 7 days)
70,00 €
Incorporation ready in 1-3 days
Additional Member
20,00 €
Any additional member (above 2 included)
Nominee Member
75,00 €
per year
Employer Identification Number (EIN) Application
250,00 €
Application for an EIN number
Registered Agent (from year 2)
150,00 €
per year
required in US
Annual State Tax
350,00 €
per year
VAT application
111,00 €
Bank Introduction
Incl.
Bank Intro
Corporate Seal
25,00 €
plus shipping costs
Corporate Seal
Mail Handling Address in the US
8,95,00 €
per month
Mail handling, Incoming, Scanning, Forwarding, Trash