GENERAL INFORMATION
Delaware is called the "First State" because it was the first state to adopt the American constitution in 1797. It has 684.000 inhabitants with Wilmington, which is also the largest city in Delaware. Delaware became lately the leading financial center with over 40 national and international banks, which operate in this state.

LEGAL SYSTEM
Delaware became the most popular legal center for the incorporation of off shore companies. There are more than 250.000 companies in Delaware, including more than half of the largest US industrial companies which proves the fact that a larger number of leading companies is centered respectively is incorporated in Delaware. Most businessmen will incorporate in Delaware "auxiliary" companies in order to carry out assets transactions.

Further success of Delaware can be attributed to:
1. Its flexible laws
2. Its competent judiciary
3. The obligation of the state to move the incorporation and the services closer to its incorporating members.

Regarding corporations the laws of Delaware reflect the attitude that corporations (LLC) can thrive best in an environment of minimal regulation and control. Anonymous founders of corporations, directors and the entire management have a guaranteed flexibility in the management of business operations of the corporation. Delaware has also a very favorable tax policy for its corporations (LLC). The state requires minimal administrative and state taxes for non-resident corporations in the amount of 100. - USD yearly. The Constitution of Delaware prohibits the state to collect a profit tax to those corporations, which do not conduct business in Delaware.

CONFIDENTIALITY OF INFORMATION
Delaware does not require more than a minimum of information. The annual balance sheet must contain only the first and last names of the officers - director. There are no reports about owners who are anonymous since it is not necessary to register property.

Businessmen seek to incorporate exactly such companies because it is cost wise acceptable. The yearly costs for the maintenance of the company are more than minimal, regardless of the profits made. You are never obliged to travel there, there are no financial and status reports, the account is opened in the country and in the bank of your choice and the property is anonymous. One often hears that Delaware is a source of quality and investments and not of costs.

TAXATION
Companies incorporated in Delaware but have their seat and conduct their operations out of Delaware do not pay profit taxes. LLC pay a minimal ANNAL FRANCHISE TAX of 100 USD. The state guarantees anonymity, the only required information is the name of the director and members who can also be a nominated (hired) person. Stock capital: does not have to be paid.

DE-LUX package (in regular price 1.500. - USD) include following:

• Check-up and reservation of company name in the company register application for company registration with the Secretary of State
• Certification of documentation by the competent authorities
• procurement of statutory documents, stock certificates, de-lux companies register with a statement of By-laws (theoretical) or Operating Agreement (LLC) and the Minutes of meeting (practical part)
• appointment of the director with statutory documents
• company seal or stamp
• secretarial services of implementing company obligations for the first year of business operations
• yearly costs for the rent of the company seat respectively the registered address
• Time of registration: from 10-14 days.

YEARLY OBLIGATIONS:

RECOMMENDATION:
Delaware has rightly kept the long-standing and leading tradition in the world of offshore companies. The quality of business operations as well as exceptionally low costs to maintain the company constitute still today one of the most interesting offers in business circles.