Delaware Company Formation

Delaware charges no income tax on corporations not operating or conducting business within its state. The following information will help you determine whether Delaware company formation is the optimum corporate structure to fulfill your international business objectives:


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FEES SCHEDULE

Year 1 incorporation US$1,900 *

Annual fees from Year 2 US$1,100 *

Nominee director fee
US$1,800 **

Company de-registration
US$1,450

* Includes government licence fees, registered office for 12 months, Company secretary fees for 12 months

**Excludes US$1,100 refundable deposit,

Advantages of Delaware Company Formation

Delaware company formation is an ideal way to legitimately book international profits without paying local corporation tax, provided no revenue is sourced in the U.S.

Delaware company formation is inexpensive and quick. Registration fees are minimal and no share capital is required to incorporate. Registration in Delaware can be completed in one day.

According to the Ease of Doing Business Index 2011, the U.S. is the world's 5th easiest place to do business. A high ranking on the ease of doing business index means the regulatory environment is more conducive to the starting and operation of a local firm, according to the index website and its publisher, World Bank.

With Delaware company formation, a minimum of one shareholder and one director is required. The shareholder and director need not be residents of Delaware, can be of any nationality and can even be the same person. Single-person entities are authorized for Delaware incorporation. Furthermore, details of shareholders and directors are not available for public viewing.

Following Delaware company formation, Healy Consultants can open a corporate bank account with one of the world's leading retail banks, including HSBC, Standard Chartered and Citibank.

After Delaware company formation, there is no requirement to submit annual audited financial statements or a tax return, if one has not transacted business from within the state of Delaware

Delaware’s legal system enjoys a good international reputation, as corporations are judged in the Court of Chancery. Court of Chancery judges are specialised in Corporate Law, which allows a more efficient and legitimate ruling. As a whole, the USA is positively ranked as the world’s 24th least corrupt country in the 2011 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

The U.S. is ranked 2nd by the World Economic Forum’s Global Competitiveness Report 2010-2011, one of the most comprehensive and respected assessment of countries’ competitiveness, offering insights into the policies, institutions, and factors driving productivity.

Disadvantages of Delaware Company Formation

Delaware company formation may be perceived as a tax avoidance vehicle in an offshore ‘tax haven’.

The state of Delaware requires corporations (not LLCs) to file an annual report, with the names and addresses of company officers. Delaware LLCs do not file an annual report; however, there is an annual tax of $250.

A franchise tax is levied on corporations registered in Delaware. The state derives one-fifth of its income from corporate franchise taxes.

Contact Us

For more information on Delaware company formation, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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