Europe Emirates Group can help you start your business in Delaware
Delaware is one of the most favourable and popular jurisdictions for company formation in the US. The state has no citizenship or residency requirements governing corporation establishment and company formation takes approximately four days.
One person is required to incorporate a company and this can be done remotely simply by providing photographic ID and a utility bill/bank statement not older than three months for proof of address. Approval of the proposed company name is done by the state authority.
Some industries such as insurance and reinsurance, banking and trusts require special licensing prior to name approval. The only restricted type of company is the ‘S’ corporation, which should be owned by a US citizen or resident.
Delaware allows the filing of Articles of Organization with the state government. For an LLC, the company should submit the operating agreement, provide membership certificates, establish a bank account and apply for an employer identification number and tax ID number.
The company has 30 days after formation to file the list of managers and members of the corporation. There is no requirement for a locally resident director, who may be of any nationality. This also applies to shareholders, and corporate entities may also be shareholders.
A registered office and agent is advised. If the company doesn’t conduct any business within Delaware itself, the firm will not be liable for state business taxes.
- Zero requirement to trade in-state
- No office requirement
- Zero state business taxes
- High level of corporate anonymity
- Attractive fee structure