The State of Delaware is the second smallest state in America, situated on the east coast of the United States (US). About 900,000 people populate this English-speaking democratic state. Delaware is the leading jurisdiction for the incorporation of companies in the US.
Companies of primary interest to offshore investors are the Corporation and the Limited Liability Company (LLC). LLCs are a hybrid of a Corporation and a Partnership, sharing the same features as a Corporation but may also choose to be taxed as a corporation, partnership or trust.
- Official Language: English
- Legal System: Common Law
- Currency: Cayman Dollars
- Time Zone: UTC -5 ~ -10
Why Delaware LLC ?
- Low start-up and maintenance costs.
- No exchange controls or restrictions on the flow of currency.
- The most popular US jurisdiction with user-friendly corporate laws and court system.
Delaware LLC Features
| General | |
| Type of Company | LLC |
| Type of Law | Common Law |
| Shelf Company Availability | No |
| Corporate Taxation | Yes |
| Double Taxation Treaty Access | No |
| Share Capital | |
| Standard Currency | US$ |
| Minimum Paid Up | US$1 |
| Standard Number of Shares Issued | 10,000 |
| Directors | |
| Minimum Number | One |
| Local Required | No |
| Corporate Directors | Permitted |
| Shareholders | |
| Minimum Number | One |
| Company Secretary | |
| Required | Optional |
| Accounts | |
| Requirements to Prepare | Yes |
| Audit Requirements | No |
| File Accounts | No |
| Others | |
| File Annual Return | Yes |
| Publicly Accessible Records | Yes |
