Type of Company – Limited Liability Company (LLC).
Legislation – Limited Liability Company Act of Delaware, 1990.
Company name - A company name must contain the words ‘Limited Liability Company’ or the abbreviation ‘LLC’. Restrictions are imposed on the following: Bank, Insurance, University, Trustee, and Trust.
Time-scale for incorporation - 7 to 10 days.
Disclosure of beneficial owners is NOT required.
Double tax treaties – Non-resident LLCs are NOT subject to the US DTTs.
Ready-made companies are available.
Local Requirements
Registered Office and Registered Agent must be maintained.
Company Secretary is NOT required but advisable. May be a natural person or corporate body in any country.
Public recording at the Registry applies only to information on the Registered Agent and the initial members.
Accounts are not required for public filing.
Corporate Requirements
Minimum number of shareholders/members - One (1). May be a natural person or body corporate that may reside anywhere in the world.
Minimum number of directors/managers - One (1). May be a natural person or body corporate that may reside anywhere in the world. A member may also act as the director of the company.
Minimum capital requirement - None.
Standard Authorised Capital - US$2,000. The company does not issue shares, but instead register the owner’s equity participation in the company’s register.
Bearer shares are NOT permitted.
Annual Requirements
Annual return and annual statutory meetings are NOT required.
Statutory accounting is NOT required.
Annual registration fee or annual tax of US$200 per annum payable to the States of Delaware.
Taxation - NO tax implications, if the company is operated outside the USA.
