Set Up a Company in Delaware

International entrepreneurs choose to set up a company in Delaware to conduct business in a secure jurisdiction while minimising their taxation. The following information is designed for clients who choose to set up a company in Delaware.

Why set up a company in Delaware?
1.	The procedures to set up a company in Delaware are straightforward and cost-effective. For example, there are no minimum capital requirements to set up a company in Delaware. In addition, to set up a company in Delaware, only one director and shareholder is required, and they need not be resident in Delaware. Corporate shareholders are permitted to set up a company in Delaware.
2.	Foreign investors set up a company in Delaware to avail of tax exemption if no revenue is earned in the state. However, investors who set up a company in Delaware are liable to pay tax on income derived in Delaware.
3.	Due to Delaware's stable and reputable advanced legal system, it is attractive to many business people who wish to set up a company in Delaware.
4.	Having set up a company in Delaware, it is not necessary to submit annual audited financial statements, or an annual report.
5.	Having set up a company in Delaware, Healy Consultants can open a local or international corporate bank account to support the entity. The account is with one of the world's leading international retail banks, such as HSBC, Standard Chartered or Citibank.
	However, note that entrepreneurs who set up a company in Delaware may be seen as using a tax avoidance mechanism.

For more information on how to set up a company in Delaware, email email@healyconsultants.com or telephone us at (+65) 6735 0120.

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