DELAWARE CORP



Delaware, an eastern state bordering on the Atlantic, is the second smallest state, occupying an area of only 6 209 km2, and also the lowest, averaging only 18 metres in elevation. The geography is mainly flat and swampy, with a climate giving hot, humid summers and mild winters. The majority of the 853 475 population live in urban areas such as Dover, the capital, and Wilmington, the largest city in the state. The major industry is the chemical industry, though Delaware is also hugely popular as a business centre, with both large and small companies being attracted by the unrestrictive incorporation law. Since 1964 40% of US companies have transferred their registration to the state of Delaware, and today the 500 largest companies in the USA as well as almost two thirds of the companies listed on the New York Stock Exchange cite Delaware as their state of registration.

History

Henry Hudson, of the Dutch East India Company led the first European expedition to Delaware Bay in 1609. He encountered Native Americans, who became known as the Delaware people. The British and Dutch competed for control of the area, and it was the British who succeeded in establishing supremacy. The area was acquired by Pennsylvania in 1682, but the people feared and resented control by the Quakers, and in 1704 Delaware became a separate colony under Pennsylvanian rule. Delaware was one of the original 13 states of the Union, and was the first to adopt the American Constitution. The state provided strong opposition to the British during the American Revolution. A French immigrant established a gunpowder mill in the area close to Wilmington, and the company was to go on to form the strong industrial foundations of the state. Following the decline in industry of the 1970s the government began taking measures to promote the state as a business centre.

Politics

The governor, elected for a four-year term, is the chief executive of the state, though can only serve two terms. Delaware elects a 21-member Senate, and a 41-member House of Representatives. The state is represented in the US Congress by one representative and two senators.

Delaware, Corporation

INCORPORATION DATASHEET
Method of incorporation / registration:	The Certificate of Incorporation must be signed by the incorporator. The incorporator may be any private person or body corporate without restriction.
Company legal form:	Private Limited Company by shares
Company status:	Resident Company
Source of corporate legislation:	General Corporation Law of Delaware
Possible suffixes to company name:	Incorporated, Inc., Ltd., Limited, Corp., Corporation, Company, Association, Club, etc.
Restrictions on company name:	The terms Bank, Insurance, University, Trust and Trustee may not appear in the company name.
Time required for incorporation:	2-3 weeks
Number of directors:	Minimum 1 director of any nationality.
Number of shareholders:	Minimum 1
Capitalisation:	No restrictions, usually 1500 authorised shares of no par value.
Accounting / reporting requirements:	The filing of reports is not required by the Secretary of State.
Type of shares:	Registered
Annual tax and duties:	Minimum 60 USD.
Information publicly available:	Company name, registered office, registered agent.
Disclosure of beneficiaries:	Not required
Registered office:	Local registered office is required by law.
Registered secretary / agent:	Local registered agent is required by law.
Double tax treaty:	IRS registered corporations are subject to US DTTs.

COMPULSORY COSTS (payable prior to registration)

FORMATION FEES
Incorporation fee:	190 USD
Notarial certification:	160 USD
International authentication (Apostille):	160 USD
Legal expenses, filing fees and stamp duties:	45 USD
Issuing of share certificates and initial minutes and forms:	40 USD
Corporate seal:	50 USD
Courier fees:	50 USD
Subtotal:	{#Formation fees - Delaware Corp#}
ANNUAL FEES*
Registered office and registered agent:	{#Registered office and agent - Delaware Corp#}
Annual tax and duties:	{#Annual tax and duties - Delaware Corp.#}
Subtotal:	{#Annual fees - Delaware Corp#}
Total:	{#Total cost Delaware Corp.#}

*The annual fees for the first year of existence of the company are payable prior to registration. Subsequently, the amount of {#Annual fees - Delaware Corp#} is payable annually, initial beginning from the second year of existence of the company. Non-payment of the annual fees results in the company being struck off the Company Register.

The amount of {#Total cost Delaware Corp.#} includes the following services: formation of the company, duties payable to the local authorities for the registration of the company, filing fees, provision of registered office and registered agent from formation for 1 year, annual tax for the 1st year, luxury leather corporate kit containing Certificate of Incorporation with State Secretary and Apostille certification, By-Laws signed by the Incorporator, Statement by Incorporator appointing the first director(s) with Notary Public and Apostille certification, 10 shares certificates, initial forms and minutes and 2 company seals. The price contains no hidden costs!

OPTIONAL COSTS
Nominee Director (private person):	{#Delaware Corp - nominee director#}
Nominee shareholder:	{#Delaware Corp - nominee shareholder#}
Certificate of Status Letter:	{#Delaware Corp - Status Letter#}
Power of Attorney with Notarial Certification:	{#Delaware Corp - PoA#}
Notarial Certification or Apostille:	{#Delaware Corp - Apostille#}
Certificate of Good Standing:	{#Delaware Corp - GS#}

LAVECO Ltd. is pleased to offer its clients shelf companies in Delaware, USA, which are available at the same price. In the case of purchase of a shelf company the paperwork and documentation involved can be completed in just one hour. Contact our office for details and a list of shelf companies!

SHELF COMPANY PACKAGE
Formation fees including annual fees for the first year. Ready made Delaware Corporation with nominee director and notarised Power of Attorney:	{#Formation fees - Delaware Corp shelf#}
Fees payable from the second year. Registered office and registered agent, annual tax and duties, nominee director and notarised Power of Attorney:	{#Fees payable from the second year - Delaware Corp shelf#}