Delaware, USA Corporation Delaware was the first of the original thirteen states to ratify the Constitution of the United States on December 7, 1787. Delaware's capital was moved from New Castle to Dover in 1777. The state's present constitution, its fourth, has been modernized with many new amendments. Delaware has two U.S. Senators who are elected for six-year terms and one U.S. Representative who serves a two-year term. Delaware is nestled in the heart of the I-95 Northeast Corridor which stretches from Boston to Richmond along the Mid-Atlantic Coast. Travel to and from the First State is convenient whether travelling by car, train or plane. Opportunities for day trips or weekend getaways are limitless as northern Delaware is located within 100 miles of Philadelphia, Baltimore, Washington, D.C. and New York City. Delaware is proud to be home to world-class museums, a rich history, opera and other cultural activities that rival larger metropolitan areas. One of the most popular tourist destinations on the East Coast, the Delaware seashore, continues to draw vacationers from points north and south by offering a safe, clean environment for vacationers. For offshore business usually Corporation or Limited Liability Company (LLC) types are used, those based on the General Corporation Law and Limited Liability Act. Company Statute: Corporation Taxation:Corporations not having any business in Delaware pay no Delaware Corporate income tax. Shareholders/Members The minimum number of shareholders is one. A shareholder of a US Corporation may be another corporation (even an international or "offshore" corporation). Directors/Managers The minimum number of directors is one, who must be a natural person. Directors may be of any nationality and need not be a citizen of the United States. Registered Office Required Yes. Must be maintained in state of incorporation/formation at the office of a professional registered agent. Name Restrictions Anything identical or similar to an existing company within the state of incorporation. Additionally, the use of bank or trust within the name of the corporation is prohibited in all 50 states without first obtaining consent from the banking authorities in the state of incorporation. Suffixes to Denote Corporation: Incorporated, Corporation, Limited, Company or their abbreviations Inc, Corp, or Ltd. Some of the recommended states allow other suffixes such as Fund, Association, Foundation, Syndicate, Club, Society and Institute. Financial Statements There is generally no requirement to file financial statements with the state of formation unless the corporation owns assets within that state or has conducted business within that state. Annual Report/Licence Fees USD 50.

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