Delaware Company Formation
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Delaware is situated on the eastern side of the United
States and is the largest State for company incorporations in the U.S.A. Approximately 40% of all companies listed on
the New York and American Stock Exchanges are incorporated in Delaware, even
though most of these companies are trading outside of the State.
Although not strictly speaking an “Offshore Centre”,
Delaware has offered tax efficient corporate bodies to non-residents since 1965
with less bureaucracy and lower fees than many other US States.
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Fees for Registering and Maintaining Companies
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Purchase & First Year’s Maintenance
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Second & Subsequent Years’ Maintenance
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Formation / Provision of Company
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£435.00
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£200.00
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Company Secretarial Maintenance / Statutory Compliance
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£500.00
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£500.00
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Annual Return
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N/A
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£100.00
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Annual Government Duties/Filing Requirements
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£200.00
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£200.00
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NET Total
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£1,135.00
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£1,000.00
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VAT (if applicable to invoicee)
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£ 163.63
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£ 122.50
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GROSS Total if VAT Applicable
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£1,298.63
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£1,122.50
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Optional Extras
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Nominee Director / Shareholder per annum
[NB, one nominee may act in both capacities for one
Beneficial Owner, and only one Nominee is used for each such Beneficial
Owner. Check Data Sheet for Minimum No. of Officers/Members]
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£500.00
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£500.00
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Certificate of Good Standing
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POA
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Government Certified Copy Memorandum & Articles
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POA
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[NB. Value Added
Tax is applicable to all items, except Government Duties, subject to rules on
VAT local to the person/firm/company A1 Company Services Limited raises its
invoices to]
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Information on Corporate Vehicles
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Statutes
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General
Corporation Law of Delaware.
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Types of Company
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Corporation,
Limited Liability Company.
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Time to Incorporate
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24 Hours.
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Info required prior to Incorporation
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None Required.
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Off the Shelf Companies
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Available but
much more expensive than a new formation.
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Company Name
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Must end in
“Limited”, “Corporation”, “Incorporated” or any abbreviation of these.
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Members
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Minimum of
One.
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Directors & Secretary
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Minimum of one
of each; corporate Directors permitted; no restriction on location.
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Share Capital
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Usual Minimum
of US$1,500.
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Bearer Shares
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Not Permitted.
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Registered Office / Agent
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Both required
locally.
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Papers to be kept at Registered Office
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None.
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Public Information
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Company Name,
Officers, Incorporation particulars, Registered Office & Agent.
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Corporate Books & Seal
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No restriction
on location.
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Meetings
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No
Restrictions.
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Annual Return
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Not Required
although Annual Franchise Tax Return is.
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Annual Accounts
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None Required.
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Audit Requirements
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None.
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Exchange Controls
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US Law
requires a declaration to be made of sums of US$10,000 or more being moved
into or out of the USA.
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Government Duties
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US$50.00
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Taxation
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None for
Non-Residents.
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Double Tax Treaties
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Many.
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Advantages of Jurisdiction
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Speedy
Incorporation, Low Fees and little paperwork.
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Disadvantages of Jurisdiction
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Difficulties
in proving ownership and Directorships.
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