Delaware LLC Formation

Delaware LLC formation and bank account opening are very simple and convenient. It is only required to pay fixed tax to the Division of Corporation in Delaware before 1st June every year. It takes only 1-2 working days for tailor-made incorporation. Information of manager and member is not accessible publicly after incorporation. If you don’t wish your personal information to be disclosed, we also provide nominee director and shareholder services for the demand of your anonymity. Our firm is proudly recognised as an approved qualified professional intermediary with major banks, we are able to assist our clients in establishing business bank accounts at international and local banks. After opening the bank account, you can start doing the business by using your Delaware LLC.

Features & Advantages of Delaware LLC

  • At least one member and manager who can be natural person or corporate body. They can be of any nationality and no need to reside in USA.
  • Information of member and manager is not accessible publicly. Your anonymity requirement can still be preserved by using our nominee services.
  • Members do not need to undertake the debts of LLC
  • No need to file and audit the accounts
  • Non-resident Delaware LLC is tax-free, it is only required to pay a fixed tax to the Division of Corporation in Delaware every year.
  • In general, USA LLC is not subject to state corporate tax and no need to file a state tax return if the LLC does not commence business in the state where registered and the members are not the residents of USA.
  • It takes only 1-2 working days for Delaware LLC formation.
  • Stable jurisdiction and reputable financial centre.
  • Please NOTE: The time of fixed tax of Delaware LLCs payable to the Division of Corporation in Delaware is regardless of its incorporation date, they are due 1st June of every year.

Introduction

Delaware is one of the 50 States in America. It is located on the Atlantic coast in the Mid-Atlantic region which is the 2nd smallest, the 6th least populous, but 6th most densely populated of the 50 States. Non-resident Delaware limited liability company (LLC) is not a partnership or limited company by shares, it is an unique entity which combines the best aspects of “limited liability” of a Corporation and “pass-through” taxation system of a Partnership.

The attractiveness of Delaware as a corporate haven is largely because of its “business-friendly corporation law”. Delaware was ranked as the most opaque jurisdiction in the world on the Tax Justice Network’s 2009 Financial Secrecy Index and act as a gateway to US with more than 50% of all publicly traded companies in the US and 63% of the Fortune 500 are incorporated in Delaware.

Why Delaware LLC Formation?

Delaware LLC does not issue shares, so there is not shareholder. The owner of LLC is called member. It is required to have at least one “manager” and “member”, members are protected by the Law from the debts and other obligations of LLC. The managers and members can be natural persons or corporate bodies, and there’s no limit on the number of members allowed in the LLC.

  • A good way to protect the personal liabilities and assets of the owners
  • Allows the owners to enjoy the benefits of a tax-free jurisdiction on all business transactions and profits generated outside the US.
  • Not having to go through the restrictions of a US Corporation.
  • It is possible to have a US company with the similar advantages of an International Business Company.
  • Delaware LLC is a disregarded entity. That means the LLC is not taxed on its profits. The income of the LLC is distributed to its members who are taxed on a personal income basis.
  • Non-resident aliens are not taxable by the US on income derived from outside of the US. If an LLC derives its income outside of the US, the non-resident aliens do not file tax returns.

Tax Advantages of Delaware LLC

Unlike corporation in the USA, if the members of the Delaware LLC is Non US residents or the green card holders, physical place of business is not within the USA and the LLC does not conduct any business within the USA, the Delaware LLC can be tax free if the company and its members meet the criteria mentioned above.

Summary

Type of Company
Limited Liability Company

Time to Incorporate
1 – 2 working days

Disclosure of Director / Shareholder Information
Information of member and manager is not accessible publicly

Taxation
Delaware LLC is a disregarded entity. This means that the LLC is not subject to US tax if it does not conduct business in the US and the members of the LLC are Non US residents.

Minimum Director
At least 1 manager who can be natural person or corporate body

Minimum Shareholder
At least 1 member who can be natural person or corporate body

Audit Requirement
No audit requirement for accounts

Filing of Accounts
No need to prepare accounts. Accounts are not accessible publicly

Filing of Annual Return
Not Required

Pricing

Incorporation Fee (including following services) – USD 1,100
  1. Provision of Registered Agent Services (1 year)
  2. Provision of Registered Office (Only receive mails from government authorities on your behalf)
  3. Incorporation Service Fee
  4. Certificate of Incorporation, Operating Agreement, Seal and Chop, First Minutes, Consent to Act as Manager, Registers and Membership Certificate
  5. Provision of Dedicated Professional Incorporation Representative
Maintenance Fee (Fee for subsequent year) – USD 950
  1. Provision of Registered Agent Services (1 year)
  2. Provision of Registered Office (Only receive mails from government authorities on your behalf)
  3. Government License Fee*

* Fees vary based on the actual costs charged by the government