Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
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847.00 USD | 800.00 USD | 1 | 0.00% | 0.00 | No |
The state of Delaware in the USA is considered as one of the most popular jurisdictions for company registration. The capital of the state is the city of Dover. Why is it cost-effective to register company in Delaware?Today, the company in Delaware is one of the cheapest in terms of registration costs. And the process of establishing the company is quick and simple. Holding companies, investment companies, which place of doing business is located outside the territory of the state, do not pay income tax. This circumstance attracts many business owners. It should be noted that the income tax rate for companies doing business in the state is 8.7% and is considered to be one of the highest in the USA. The situation in which the tax rate in the state of Delaware equals to 0% will be considered further. But why Delaware is so attractive for company registration? The registration of companies in Delaware is popular because of state legislation based on the concept of consideration of each individual case by the court ex aequo et bono, and not through the application of existing precedents. The state legislation allows the registered company in Delaware to operate without entering information about it to the tax authorities in the case of doing business outside the United States. The legislative frameworkThe regulatory basis of the companies’ activity in Delaware is such legal act of the state (that is a section of the state statutes) as "General Corporate Law". According to its provisions, directors, founders, as well as executive management of the company receive broad powers in resolving issues concerning structure of the company and management of corporate affairs. All conditions are provided in the state for business to be prosperous with minimal interference from outside. In addition, there is minimum of legislative requirements with regard to the Charter, the certificate, and other documents of the company. Prevalent organizational and legal forms in DelawareMost of companies in Delaware are being established in the following organizational and legal forms:
These entities can be used as offshore companies in Delaware. Non-residents of the United States of America have the right to register or buy the indicated companies. The business of offshore enterprises in the state of Delaware is conducted exclusively outside the territory of jurisdiction. Registration of Corporation in Delaware. Peculiarities
Bookkeeping in the state of DelawareThe company registered in the state of Delaware shall submit annual report 12 months after registration. Annual report is required in cases when profits are allocated between US residents. If the company does not have Tax ID and economic activity in the state, then it is possible not to submit certain reports, except for accounting activities and reflecting financial transactions. The company submits annual report to the Department of Internal Expenses (through the registered agent), maintains accounting records only in the case of tax registration in the United States. Taxes in DelawareIf the company does not own property and does not operate in the United States, the tax rate equals to 0%. In other cases, income tax will be 8.7%. It is also necessary to take into account the tax on monopoly rights and privileges, which equals to 1% of the authorized capital and is paid in case of availability of employees who are the residents of the state. Companies are exempt from taxes on transactions with shares, deposits in state banks and deals with companies from low-tax or tax-free jurisdictions. Only companies having tax registration and receiving income in the territory of the jurisdiction pay federal corporate income tax that is 34%. In order to maintain positive image of the company, some owners pay minimum taxes and annual fees. The reporting is submitted with the help of firms providing secretarial services. This allows owners to remain in good standing with the state secretariat. We will register ready-made company in the USA in the state of Delaware for you within the shortest time possible. Registration of company in the USA in Delaware is one of the simplest and cheapest ways to start legitimate international business. Registration of companies is one of the main directions of our work.
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Square | 6 452.00 |
Population | 783 600.00 |
Capital | Dover |
Unemployment | 17.60 |
State polity | Constitution - based federal republic |
Telephone code | 1 302 |
Place in the world in corruption | 24 |
location | North America, bordering both the North Atlantic Ocean and the North Pacific Ocean, between Canada and Mexico |
Climate | mostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest; low winter temperatures in the northwest are ameliorated occasionally in Janu |
Literacy rate | 99.00% |
Ethnic groups | White 79.96%, black 12.85%, Asian 4.43%, Amerindian and Alaska native 0.97%, native Hawaiian and other Pacific islander 0.18%, two or more races 1.61% |
National currency | U. S. dollar (USD) |
USD exchange rate | 1.00 |
GDP per capita | 12 |
Official language | English |
Credit rating | N/R |
The judiciary | The U.S. Supreme Court, Courts of Appeal, Federal District Courts U.S. Courts states and District Courts |
Executive authority | Head of government: President; Vice President. Government: Cabinet appointed by the president with Senate approval. governor of state |
Legislative authorities | bicameral Congress: the Senate (100 seats), the House of Representatives (435 seats) |
Opportunity to purchase ready-made companies | No |
Legal system | Common Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | Yes |
Organizational and Legal Forms | limited liability company, limited partnership, "C" Corporation, "S" Corporation, partnership, limited partnership, sole proprietorship, joint venture and branch of a foreign corporation |
Local registered agent | Yes |
Standard currency | U. S. dollar |
Information about the beneficiary is disclosed | No restrictions |
Bearer shares | No |
Possibility to issue shares without par value | No |
VAT | No |
Basic corporate tax rate | 0.00% |
Capital gains tax | No |
Currency control | No |
Corporate tax rates details | 0% |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | No |
The data reveals to the local agent | Yes |
Data field to the public registry | No |
The requirement for the presence of the Secretary | No |
Requirement to the residense of the Secretary | No |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Data is entered in the public register | No |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | Yes |
Shareholders-legal entities are acceptable | No |
The requirement for filing reports | No |
Open access to reports | No |
Statutory audit | No |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | Yes |
Treaty on avoidance of double taxation (States which signed) | 60 |
Membership in the OECD | Yes |
Is it offshore according to Russian legislation | No |