| General Information |
| Company Law |
Delaware Limited Liability Company Act |
| Type of Company |
Limited Liability Company (LLC) |
| Language of Legislation and Corporate Documents |
English |
| Taxation of Foreign Profits |
Nil (for single member LLC with no U.S. shareholders) |
| Exchange Controls |
None |
| Length of time to incorporate |
3 weeks (expedite service is available) |
| Shelf companies available |
Yes |
| Corporate Names |
| Name Restrictions |
Names identical or similar, offensive words |
| Endings and Abbreviations Required |
Limited Liability Company or its abbreviation LLC |
| Length of Time to Verify Name Availability |
Few minutes |
| Reservation of Names Permitted |
Yes |
| Language of Name |
Any language |
| Name of Banks, Insurance, Investment Fund, Trust Company or their equivalents requiring consent or license |
Yes, especially those |
| Capital and Shareholders |
| Minimum Number of Shareholders |
One |
| Local Shareholders Required |
No |
| Corporate Shareholders Permitted |
Yes |
| Disclosure of Shareholders |
No |
| Minimum Authorised Capital Required |
No minimum |
| Bearer Shares Permitted |
N/A |
| Registered Shares Permitted |
Yes |
| No Par Value Shares Permitted |
Yes |
| Managers |
| Minimum Number of Managers |
One |
| Qualifications of Directors |
Legal Age |
| Corporate Managers Permitted |
Yes |
| Local Directors/Officers Permitted |
Yes |
| Appointment of Subsequent Managers |
LLC Agreement |
| Meetings |
| Annual General Meeting of Shareholders Required |
No |
| Annual General Meeting of Directors Required |
No |
| Location of Directors and Shareholders Meetings |
Anywhere |
| Adoption by Consent Permitted |
Yes |
| Quorum required for purposes of meetings |
LLC Agreement |
| Local Requirements |
| Qualified Registered Office/Agent |
Yes / Yes |
| Government Register of Shareholders |
Optional |
| Government Register of Directors/Officers |
Optional |
| Government Register of Charges |
Optional |
| Register of Directors/Officers to be kept at Registered Office |
Yes |
| Company Seal Required |
Optional |
| Copy of Minutes to be kept at Registered Office |
Optional |
| Copy of Share Register to be kept at Registered Office |
Yes |
| Annual Requirements |
| Minimum Annual License Fee or Franchise Tax |
$200 |
| Annual License Fee or Franchise Tax Due Date |
June 1st |
| Applicable Surcharges |
1.5% per month |
| Requirement to File Annual Returns |
No |
| Requirement to Submit Annual Audited Accounts |
No |
| Other Relevant Information |
| Member of Apostille of the Hague Convention |
Yes |
| Increase or Reduction of Capital |
Managers' resolution |
| Redomiciliation Prohibited |
No |
| Reinstatement at Registry |
Yes |
| Removal from Registry |
Compulsory or voluntary winding up and dissolution; and cancelation of the certificate of formation for non-payment |