Delaware Business Formation

Delaware is regarded as a reputable and stable jurisdiction with a well-developed legal system.

Delaware business formation requires only one director and shareholder, and can usually be the same person.

Delaware business formation allows shareholders to be individuals or corporations.

Delaware business formation is quick, simple and relatively cheap.

Delaware business formation is not required to submit annual accounts or undergo audit, if no income has been collected from within Delaware.

Healy Consultants can open corporate bank accounts to support Delaware business formation. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services.

Delaware business formation may be perceived purely as a tax avoidance mechanism.

A Delaware business is liable to pay tax on income derived in Delaware.

A company incorporated in the State of Delaware is required to pay an annual franchise tax. The tax is determined by either Authorised shares method or Assumed par value capital method.