Delaware

Learn more about Delaware Limited Liability Company.

The State of Delaware is located in the Northeast megalopolis region of the United States in the Delmarva Peninsula. Delaware is the second smallest state in the US with over 900,000 people and covers 1,982 square miles in area. However, as the leading incorporation jurisdiction in the US, Delaware has over 380,000 companies incorporated including 60% of the Fortune 500 and 50% of the listed on New York Stock Exchange. Delaware is also known as the “Corporation Capital of the World”.

 

Corporation

Offshore businesses are primarily set up as a Limited Liability Company (“LLC”). LLCs are a hybrid of a corporation and a partnership. It combines the advantages limited liability in a corporation and pass-through taxation in a partnership. Members of the company are not held personally liable for company’s debt or liabilities. Delaware LLCs are tax exempted given LLCs do not conduct business and generate income from the United States.

Advantages of Incorporating in Delaware are:

• Internationally renowned Court of Chancery, deals exclusively with corporate matters.
• Minimum one manager and one member.
• Managers and members may be a company or a natural person of any nationality.
• Board meetings can take place in any other jurisdiction.
• Modern communications network.
• Fast Incorporation, usually within 24 hours.
• Multi-lingual Incorporation documents allowed (Chinese characteristics accepted).