Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, to the northeast by New Jersey, and to the north by Pennsylvania. Delaware is 96 miles (154 km) long and ranges from 9 miles (14 km) to 35 miles (56 km) across, totaling 1,954 square miles (5,060 km2), making it the second-smallest state in the United States after Rhode Island.
More than 50% of all U.S. publicly traded companies and 63% of the Fortune 500 are incorporated in Delaware. The state’s attractiveness as a corporate haven is largely because of its business-friendly corporation law. Franchise taxes on Delaware corporations supply about one-fifth of its state revenue. Although “USA (Delaware)” ranked as the world’s most opaque jurisdiction on the Tax Justice Network’s 2009 Financial Secrecy Index.
Features and Advantages
- Stable jurisdiction with very good reputation
- 0% Income taxes
- Flexibility in company structure
- No minimum capital requirement
- Only one director and one shareholder are required
- No requirements accounting / Annual report / Audit
- Absolute privacy, confidentiality and protection of assets and information