Delaware

We assist global clients looking to do  business in Delaware with the A to Z of business setup without the need for the client to travel to Delaware. Some of our services include:

Company / Branch registration

Tax registration and obtaining PIN

Regulatory licenses across all sectors

Personal and corporate bank account opening

Accounting and tax support services

Provision of nominee directors and shareholders

Recruitment and employee hiring

Virtual/Physical Office space solutions

Employment and residency visas

The most common corporate structures preferred by foreign investors setting up in Delaware include i) the limited liability company (LLC/LTD) and ii) the branch office. See detailed comparison below:

Advantages and disadvantages of Delaware business setup:

  • Business-Friendly Legal Framework: Delaware has a well-established and business-friendly legal framework, with the Delaware General Corporation Law (DGCL) offering flexibility and clarity for corporate governance.
  • Low Franchise Taxes for Small Corporations: Small businesses benefit from Delaware’s low franchise tax for companies with smaller amounts of authorized shares, making the cost of maintaining a corporation affordable
  • Simple Incorporation Process: The incorporation process in Delaware is fast and efficient, with the option to incorporate in as little as one day, and straightforward maintenance and reporting requirements.
  • Well-Developed Precedents: Delaware’s long history of corporate case law provides businesses with a wealth of legal precedents, making legal outcomes more predictable in the event of disputes.
  • Wide Recognition of Delaware Law: Investors, venture capitalists, and other stakeholders widely recognize and prefer Delaware corporations due to the predictability and stability of its corporate laws, often making it easier to attract investment.
  • No Minimum Capital Requirement: Delaware does not impose a minimum capital requirement for starting a corporation, making it easier and more affordable to incorporate.
  • Flexibility in Corporate Structure: Delaware allows businesses to create flexible corporate structures, including different types of stock classes and ownership arrangements, making it easy to tailor the company to its specific needs.
  • Tax Advantages: Delaware offers tax benefits, such as no state corporate income tax for companies that do not conduct business within Delaware, and no sales tax, making it attractive for out-of-state businesses
  • Privacy Protection: Delaware does not require company owners or shareholders to be listed in public records, which offers a high degree of privacy for business owners.
  • Franchise Taxes: Delaware imposes annual franchise taxes on corporations, which can be high for larger companies with many authorized shares, increasing the overall cost of maintaining the company
  • Additional Costs for Out-of-State Operations: If the company does not operate in Delaware, it must also register as a foreign entity in the state where it conducts business, leading to additional fees and compliance requirements.
  • Complex Corporate Laws: While Delaware’s corporate laws are favorable, they can be complex and may require the assistance of experienced legal counsel, adding to the company’s legal costs
  • Restriction in some lucrative sectors including aviation, insurance and telecommunications.
  • Relevance for Small, Local Businesses: For small businesses that primarily operate in their home state, incorporating in Delaware may not offer significant benefits and could lead to unnecessary complexity and additional costs.
  • No Personal Tax Benefits: Business owners who incorporate in Delaware but do not live there cannot take advantage of any personal state tax benefits, as they will still be taxed in the state where they reside.

Important links:

Company incorporation steps in Delaware:

  1. Name Reservation: Girimba Consulting reserves a unique company name through the Division of Corporations;
  2. Documents Preparation: Our Team prepares the incorporation documents and emails our Client for signatures, notorization and apostillation;
  3. Certificate of Incorporation: Our Team submits an application for company registration and obtain a certificate of incorporation;
  4. Social Security Number: If the director is a foreign national, our team shall facilitate and assist with application for a Social Security Number (SSN) with a Social Security Office;
  5. Employer Identification Number: Our Tax Agent also submits an application to the Internal Revenue Service (IRS) for the Employer Identification Number;
  6. Other Registrations: If the Client intends to hire local staff, our Team registers the company with i) Medicare and ii) Social Security Scheme;
  7. Bank Account Opening: Girimba Consulting also assists our Client to open a local corporate bank account with a top tier bank in Delaware.

    Seek specific business information:

    Let us know more about your business needs by completing the form below. Our team will get back to you within twenty four hours.

    All information provided to Girimba via this form remains confidential, Girimba shall not sell, share or transfer any details to any authority or third parties except as may be required by law. If you however prefer not to fill up the form, you are welcomed to contact us by email or phone directly.

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    Girimba Consulting conducts business with openness, transperancy and honesty.We respect and uphold our Clients’ confidentiality, we offer quality service at affordable rates. Contact us for professional solutions.

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    Clarence S. Carlos

    Regional Cordinator

    Clarence is our regional cordinator and head of business setup secretariat.

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