Delaware is one of the best place to set up a limited liability company (LLC) for most entrepreneurs. Anyone can form a company in so called tax haven state, it does not matter where she or he is located. As a non-resident, living outside of the United States there are no restrictions on opening a company in Delaware. Most of our clients are non-US residents that need a company to use for their international business, or even to hold their assets like boats and real estate. The State of Delaware is also one of the most convenient places for boat registration. After you form a Delaware LLC (Limited Liability Company), you are not personally liable with your personal property and assets for obligations of your non resident Delaware LLC.
Delaware has very favourable tax legislation. Delaware LLCs with non-resident members, are not required to pay company tax as long as there are no transactions within the United States.
Similar types of registrations are GmbH in Germany, Ltd in Great Britain, etc.
Besides Delaware, there are also other popular jurisdictions in the USA. We also assist with company formation in Florida, Wyoming, California etc.
HOW DO I FORM A DELAWARE LLC?
There are 2 ways of forming and LLC in Delaware 1st option – Apart from company name, registry date, registered address and information about the registered agent, the documents will also include the name of the managing member (owner).
2nd option – Includes all information from Option 1 but without the names of the company managing members/owners being listed on the Certificate of Formation. This is the only document available to the public and besides you, Registered Agent and the Formation Agent (Euro Commerce LLC), no one has access to the company ownership structure. You manage the company with the ‘Power of Attorney’. These documents are not made public. They are issued by the Registered Agent in the USA (legally responsible for the company’s registration), notarized and certified with Apostille confirming their veracity and authenticity.
Although Certificate of Formation is a public document and can be ordered from the Delaware Corporate Registry, it is not published on the internet, or in any other print form. The procedure to obtain a copy of this document is not easy, but it is possible to get hold of one.
Steps to Forming a Non-U.S. LLC in Delaware
In order to start with the formation, please provide us with the following:
Copy of the passport
Name of the company. Please send 2-3 names of your choice. It must NOT contain words such as BANK, INSURANCE, LOTTERY and UNIVERSITY (Company is not allowed to pursue with listed business)
Address, telephone number and e-mail address (contact person)
Your payment to the Euro Commerce LLC bank account
Please note that whole procedure can be done via email/on line, no personal presence or original documents are required.
Kindly note that a legal entity can also incorporate the Delaware company. In this case, company documents have to be presented.
What are the main benefits of setting up an INC. or LLC in Delaware?
Low formation cost and annual fees
Minimal paperwork
Quick set up
Reputable US company
no paid up capital requirement
Unless you are US citizen, have resident permit in the USA (Green Card) or operate in the USA and with US companies, you don’pay taxes in the USA, except annual expenses of the company
(with member name stated on the Certificate of Formation) 999 USD
(without member name stated on the Certificate of Formation) 1749 USD
DELAWARE LLC ANNUAL COST
Annual fees 700 USD
Full list of optional costs available upon request Contact
About Delaware-USA
Delaware is a state located in the Mid-Atlantic and Northeastern region of the United States. On December 7, 1787, Delaware became the first state to ratify the Constitution of the United States, and has since promoted itself as “The First State”.
Delaware’s fourth and current constitution, adopted in 1897, provides for executive, judicial and legislative branches.The Delaware General Assembly consists of a House of Representatives with 41 members and a Senate with 21 members. It sits in Dover, the state capital. Representatives are elected to two-year terms, while senators are elected to four-year terms. The Senate confirms judicial and other nominees appointed by the governor.
Delaware General Corporation Law, which forms the basis of the Delaware Court’s opinions, is widely regarded as giving great flexibility to corporations to manage their affairs. For these reasons, Delaware is considered to have the most business-friendly legal system in the United States, thus a great number of companies are incorporated in Delaware, including 60% of the companies listed on the New York Stock Exchange.
Advantages of forming an llc in delaware
Why do so many companies incorporate in Delaware?
The Delaware LLC (Limited Liability Company) is the most flexible type of business entity offered by any state or country in the world. This is the reason why an LLC has become the entity of choice among many legal, accounting and business professionals. The structure of the company and the rules that govern the members of the company are contained in a contract called the LLC Operating Agreement, which is drafted by the members of the LLC. This means the terms and rules of each LLC can be tailored to accommodate the specific needs and preferences of an LLC. This is the biggest benefit of Delaware corporation. This power is called freedom of contract.
Delaware LLC tax
A single-member Delaware LLC for non-US residents that does not elect to be treated as a corporation will be classified as a “disregarded entity”. Single-member LLCs are not recognized by the IRS and therefore pay no taxes at all. Instead, the tax liability is passed through to the member.
LLC Nominee Service
LLC Nominee Service consists of Nominee Member (shareholder) and Nominee Manager (director). Both, Corporate and Individual non-resident Nominee Members/Managers are available internationally.
Accounting and Audit
Audit and financial returns: Delaware LLC is not required to file state or federal tax returns. Whilst there is no requirement to file audited accounts or annual returns with the authorities, a company is required to keep financial records, which should reflect the financial position of a company. An Annual Report is required only in cases, where there is a distribution of profits to US residents.
List of documents received for standard LLC
Certificate of Formation
Statement of Authorized person
LLC Agreement
Minutes of the first meeting
Certificate of Membership
Delaware LLC privacy benefits
By allowing you to file anonymously, Delaware laws shield the identities and personal information of business owners. The State of Delaware does not require the names and addresses of LLC members and managers to be made public. Legal proceedings or law enforcement actions are the only two circumstances under which this information must be revealed.
Delaware company name requirements
Your LLC name must contain either the abbreviation LLC, L.L.C. or the words “Limited Liability Company.” If the name you select includes words in a foreign language, a translation must accompany the application for filing the formation.
Delaware bank account opening
We can provide a full package, Delaware company formation with a non resident Delaware business bank account. The banks we cooperate with are reliable financial institutions with a long tradition in private and corporate banking. Our clients are provided with an excellent customer service, online banking, Visa and/or Master cards, as well as other services, such as factoring, foreign exchange, savings and specialized banking solutions.
