Delaware is home to more than one million business entities that choose it for its modern and flexible corporate laws, respected judiciary and legal community and business-friendly environment.
Limited Liability Company (LLC):
- No corporate income tax for corporations which do not transact business in the state
- Non-resident companies pay an annual franchise tax with a minimum of US$175
- No minimum capital is required
- No disclosure of the names of Shareholders
- An individual can hold all corporate offices and be the sole Director
- No residency requirements for Shareholders, Officers and Directors
- Shareholders and Directors can act by written unanimous consent
Foreign Ownership of Delaware Corporations:
- No restrictions on foreign ownership or management of the corporation
- Shareholders may be individuals or business entities of any nationality or residence
- Local Registered Office and local Registered Agent is required
- The By-Laws of a corporation are not a matter of public record
- No disclosure of the names of Shareholders
- Corporate records may be maintained outside the US
- Filing of tax return with the US Internal Revenue Service is required