Delaware Limited Liability Company (LLC)
-
30+ Years Of Experience
-
50+ Team Members
-
7500+ Happy Customer
-
10,000+ Companies Formed (in UAE and worldwide)
Delaware Limited Liability Company (LLC)
GENERAL INFORMATION:
Companies incorporated in Delaware enjoy a legislative and judicial environment that encourages them to conduct business efficiently and profitably without heavy government interference. Incorporation is fast and simple. This state offers attractive tax regulations, innovative corporate laws and the existence of a chancery court system. Delaware is the second smallest state in the United States situated northeast on the Atlantic Coast and has approximately 800,000 inhabitants.
Delaware has long been considered the most popular jurisdiction for incorporation of holding companies and multinational corporations. Most of the largest 500 US Corporations are now incorporated in Delaware, which is more than all other states combined.
Highlights of Delaware Limited Liability Company
The registration for Delaware LLCs is performed at the Offices of the Secretary of State in Delaware.
The Limited Liability Company (LLC) is the latest advance in the formation of a business. The concept has its historical origins in Europe and was accepted by the Internal Revenue Service in 1997. An LLC is a hybrid between a corporation and a partnership. The LLC combines the corporate advantage of limited liability with flow through advantages of partnership classification. The LLC has the following advantages:
Advantages of Delaware Limited Liability Company:
- No citizenship requirements.
- No limitation on type of members (*actually LLCs are limited to about 250 members).
- No limitation on one class of shares.
- No limitation on ownership of other corporations.
- No tax penalties on liquidation.
- Allows limited liability to all members including those who participate in management.
The duration of a Limited Liability Company is generally perpetual. Delaware Limited Liability Company may carry on any activity except insurance or banking.
Movement of Funds in a Delaware Limited Liability Company:
United States law requires that anyone transacting more than $10,000 into or out of the United States must report this transaction to the United States Customs Authorities. In addition the United States Internal Revenue Service must be notified of certain cash transactions in excess of US$ 10,000.
Corporate Requirements of Delaware Limited Liability Company
Must end with “Limited Liability Company”, “LLC” or “L.L.C.”
- Minimum: 1
- Residency Requirements: None
- Legal Person: Permitted
-
- No minimum share capital requirements
- Recommended standard contribution capital of US$ 500
- Minimum: 1
- Residency Requirements: None
- Legal Person: Permitted
- Beneficial Owners must be not be resident of Nevis
- No public disclosure of information
The books may be kept anywhere in the world. It is advisable for LLCs to register in minutes of meetings all resolutions made by the Managers and Members.
Foreign companies being manage and control in the UAE are subject to UAE Corporate Tax and required to register within 3 months from date of incorporation.
Yes, Company must appoint an approved local registered agent.
Approx 7 business days.
Due before 01 March of every year
Documents Required in Setting Up a Delaware Limited Liability Company
KYC Documents for individual Director/Shareholder:
- Passport – original to be verified personally in our office, otherwise client can provide an original notarized copy of the passport
- Proof of address (in the form of utility bill, dated less than 3 months)
- Bank reference (dated less than 3 months with satisfactory record clearly mentioned and also the time period the client has been dealing with the bank: minimum of 2 yrs)
- Detailed CV
- Professional reference letter (can be issued by Lawyer or Certified Public Accountant)
- Dully filled FATCA Form
- Notarized US Declaration (if a US Person)
KYC for Corporate Director/Shareholder:
- Certificate of Incorporation
- Registered address and place of business
- Certificate of Current Standing if incorporated more than 1 year
- Register of Directors
- Register of Shareholders
- Memorandum & Articles of Association
All documents of the corporate entity must be certified by a Lawyer or Certified Public Accountant
Delaware Limited Liability Company (LLC) - Cost
Delaware LLC company setup cost starts from US$ 3,500/-
Global Business Services FZCO has helped many individuals and corporate entities to set up Delaware Limited Liability Company. Our Company acts as a one stop solution for Delaware Limited Liability Company incorporation services.
If you are looking for Delaware Limited Liability Company set up, please get in touch with us for professional assistance.
Why Choose GBS for Company Formation Services in UAE?
Understanding Clients’ Needs
As the best business setup consultancy firm in UAE, our team provides thorough analysis of client requirements and offers a personalized approach tailored to meet each client's needs.
Flexible Pricing & Cost Transparency
For company formation service in UAE, we offer flexible pricing and cost transparency with top of the line multiple payment options, including online payments and bank transfers
Years of Expertise
Global Business Services FZCO holds years of expertise while offering unmatched guidance and support when starting your new venture.
Work Track Record
As a prominent business advisor and consultant, GBS boasts a world-class track record, successfully supporting many firms across various industries.
Client words
Hear what our satisfied clients have to say about their successful journeys with us.
-
10,000+
Companies formed
-
100%
client satisfaction
I had a fantastic experience with the Global Business Services FZCO. their team was knowledgeable, professional, and efficient. they guided me through the entire process of establishing my business. I highly recommend their services to anyone looking to set up a business in Dubai.
I hired Global Business Services for my online store in Dubai Free Zone. They quickly handled everything from visas to paperwork. Great experience overall.
I’m happy to choose Global Business Services FZCO for their outstanding business setup services in UAE. Their professional team guided me through each stage, answering all my questions quickly and clearly. Their personalized approach made me feel well taken care of.
