Business Card

• Anonymity guaranteed
• Population 2004: 817,491 inhabitants
• Surface area : 5133 Km²
• Official language: English.
• Currency: US dollar
• Main cities: Dover

Tax
The state of Delaware is renowned for being the American state which is the most advantageous for investment and liberal capitalism. This is a recommended base for those wanting to set up on the North American continent, either in "onshore" or "offshore". Besides, once you land in Newark (the other airport which serves New York with JFK), you are already in Delaware.
The majority of the 1,600 American companies which are listed on the stock exchange are domiciled in Delaware, or they own subsidiaries there. However, numerous individual Americans also use the legislation within this friendly state, created as it was to provide maximum flexibility for managers and decision makers.
Anonymity is guaranteed. The legislative climate encourages formations and business managements, but also protects the damages caused by a suspension in activity, which, unfortunately, must always be envisaged by forecasters. Its consequences are limited here to just the amount of issued capital invested: incidentally, the MP3 giant, Napster, hurriedly registered domicile in Delaware when they filed for bankruptcy in 2002!
The legal system for the formation of companies is rapid and with very few restrictions; for example, it allows the same company to manage several different activities. There is no tax on revenue for those companies which do not carry out business in Delaware itself which makes this state a classic tax haven. It is not even necessary to open an account in the State.

Companies
The « Corporate» or « C-Corp» :
The company name will be followed by : CORP, INC or LTD.

• 1 or more shareholders (the same person can be shareholder, administrator and manager).
• No minimum capital obligation.
• The liability of the associates is limited to the amount of their contributions.
• A fixed federal tax of 200 $ is to be paid on the 1st March every year.

Limited Liability Company :
The company name will be followed by: LLC; it is the status chosen by the majority of private or legal persons.

• 1 or more shareholders (the same person can be shareholder, administrator and manager).
• The liability of the associates is limited to the amount of their contributions. In case of debts, the shareholders are not liable on their own property but only up to the amount of their shares!
• A fixed federal tax of +/- 200 $ is to be paid on the 1st June every year.
• Payment and declaration of the federal tax by an approved local agent.
• In order for the LLC to maintain all of its fiscal advantages it is imperative that it is domiciled ("Business address" and "Registered address" and not a postal box) in the state of its incorporation.
  
• An LLC can acquire 100% of a company's shares, a formula which opens up many possibilities.
• An LLC can register all of the company's articles under a private agreement and not have to publish them.