If you have decided to set up a company in Delaware, you may be interested in our online services. We assist foreign entrepreneurs in starting businesses here by handling all the formalities.
| Quick Facts | |
|---|---|
| Reasons for doing business in Delaware | – fast incorporation, – tax benefits, – no need for shareholders to reside in Delaware |
Best use for companies in Delaware | For doing business outside USA |
Proper business entity for incorporation in Delaware | Limited liability company |
| Minimum share capital for LLC in Delaware | USD 1 |
| Formalities for starting a business in Delaware | – drafting the Articles of Association, – opening a bank account, – registering for taxation |
| Resident directors and shareholders (YES/NO) | No |
| Required number of directors and shareholders | At least 1 |
| Registered agent required (YES/NO) | Yes |
| Corporate bank account required in USA | Yes, but not mandatory |
| Time frame for company incorporation in Delaware | Around 2 months |
| Corporate income tax | 0% |
| Hiring staff for company in Delaware (YES/NO) | No |
| Traveling to USA for company formation in Delaware (YES/NO) | No |
| Filling annual return (YES/NO) | Yes |
| How can our agents help you with company formation in Delaware? | – preparation of documents, – tax registration, – collaboration with the local authorities, – opening a bank account |
Table of Contents
Who can start companies in Delaware? Are there any nationality restrictions?
There are no nationality restrictions in opening companies in Delaware. Any foreign entrepreneur is welcome to start their operations in this American state.
What types of companies are available in Delaware?
- Limited liability company – the most popular,
- Corporation,
- Partnership,
- Sole proprietorship, etc.
What is the minimum share capital of an LLC in Delaware?
There is no need for a minimum share capital to be imposed for opening an LLC in Delaware.
What are the main conditions to open an LLC in Delaware?
- must appoint a registered agent (who can be one of our local specialists in Delaware),
- check the name availability and reserve it with L.L.C., LLC, or Limited Liability Company,
- file the Certificate of Formation and pay around USD 110 state fee,
- prepare the Articles and Memorandum of Association.
- apply for an Employer Identification Number (EIN) with the State Revenue,
- open a corporate bank account in Delaware, etc.
NOTE! You need to check with the Delaware Division of Corporations to confirm the desired business name and reserve it.
What is an operating agreement? Do I need one in Delaware?
An operating agreement is done voluntarily, although it is recommended when opening a company in Delaware. This is an internal document containing information on ownership, business responsibilities, company shares, and more.
Do I need a business license for setting up a company in Delaware? Where do I apply?
Activities in Delaware cannot commence without a business license. TheDelaware Division of Revenue issues this.
What is the time frame to open a company in Delaware?
About 10-14 business days for standard incorporation or about 24 hours if you choose the same-day services.
What company formation packages do you offer in Delaware?
- name verification, clearance, and registration,
- documents prepared by our specialists,
- electronic filing with the relevant authorities in Delaware,
- issuance of Certificate of Incorporation,
- corporate seal,
- the services of a local registered agent for your LLC in Delaware.
Can I buy a shelf company in Delaware?
Yes, we can put you in contact with local providers of ready-made companies in Delaware.
Are corporations optimal for business in Delaware?
Corporations in Delaware are suitable for large-scale businesses, and the members of such an entity are not responsible for the company’s debts or issues, just like in an LLC.
Is a limited partnership advantageous in Delaware?
A limited partnership in Delaware is also a suitable business form to consider because the owners are not personally liable for the registered losses or debts.
Why is it advantageous to set up a business in Delaware?
- the assets are protected against creditors,
- tax flexibility is another advantage,
- members of an LLC in Delaware are not considered responsible for compensation if an LLC is in debt,
- annual administrative costs for LLCs in Delaware are advantageous,
- companies in Delaware benefit from confidentiality.
What is the taxation for companies in Delaware?
- 8.7% corporate tax rate,
- No sales tax,
- No inheritance or estate tax, etc.
For a better understanding of company incorporation in Delaware, please get in touch with our team of experts in the USA and discuss further details.