BACKGROUND:
Delaware is situated on the East Coast of the United States of America.  The political environment in Delaware is extremely stable, with a democratic form of Governemt.and a State Legislature  composed of a Senate and House of Representatives.  The official written and spoken language is English.

Incorporation:
A Delaware company can be incorporated within 48 hours. The name must include corporate designation such as "Inc" or "Ltd"

Shareholders:
The are no restrictions of nationality or residency for a shareholder in a Delaware company. At least one shareholder is required. Please note that Bearer shares are not permitted nor are Nominee Shareholders

Share capital:
The maximum number of shares for the  standard filing fee is 1500 shares.

Directors:
At least one director is required, it is not a statutory requirement for the name and address of a director to be filed with the Secretary State, although, we recommend filing the particulars for principality purposes. Corporate Directors are not permitted.

Officers:
A Delaware company shall have officers which are appointed by the board of directors or by way of  stating their titles and duties in its bylaws. The titles are usually President, Treasurer and Secretary.

Taxation:
An Annual Tax Report is due in a Delaware company on or before 1^st March on every calendar year. The minimum tax payable is US$30 and the maximum is US$150,000.

Registered Office & Agent:
The Registered Office and Agent  of a Delaware company must be maintained within the State of Delaware.

Trading:
The Delaware company is not permitted to trade within Delaware nor the United States.  VAT does not apply to these companies.