Delaware Company Formation

If properly structured, Delaware company formation is an ideal way to legally book international profits without paying local corporation tax. 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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Delaware company formation is an ideal way to legitimately book international profits without paying local corporation tax, provided no revenue is sourced in the US and the shareholders and directors are not US-residents.

Delaware company formation is inexpensive because of low state fees and an absence of minimum capital requirements. According to the World Bank's Doing Business 2010 Survey, the US is the world's 4th easiest place to do business. The survey measures factors including business start up procedures, time, cost and minimum capital required to start a business.

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. There is also no need for a Delaware incorporated firm to file an annual report.

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 19th least corrupt country in the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.

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

Delaware has an information-sharing agreement with the Internal Revenue Service (IRS).

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