• Posted By : Admin
  • Tax havens
  • 18-02-2018
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Delaware is one of the 50 states that form the United States of America, a country that is considered the best financial center in the world and the capital of e-commerce. United States has not signed any type of automatic exchange of information agreement and it is expected that many investments that were shifted to Europe, Asia and Latin America will return again to the United States.

General information

Capital of State Delaware
Official language
6,446 km2
Form of government
Parliamentary Republic
American Dollar (USD)
UTC time zone
UTC - 5
Legal system
Common Law

Taxes for non-residents in Delaware

Delaware maintains favorable tax laws for foreign investment and does not subject to tax payment natural and legal persons that do not reside in the territory of the country. Investors who decide to open a bank account or register a company in Delaware will not pay taxes such as rent, corporation taxes, VAT, inheritance, donations and will not suffer the dreaded tax deductions for subsequent years. Investors who decide to repatriate the money to their country of residence can save taxes through double taxation agreements.

Characteristics of Delaware Companies

Types of companies
LLC, Limited Liability Company.
Share capital
No minimum fixed amount.
Constitution time
6 days
Companies with directors/shareholders who are not residents of the United States and who do not obtain income from the territory of Delaware are generally exempt from taxes.
1 director minimum. The director can be individuals or companies with residence in any country.
1 shareholder minimum. The shareholders can be individuals or companies with residence in any country.
Registered. Bearer shares are not allowed.
Legal address
The company must have the address in Delaware to receive government notifications.
The laws of Delaware allow to operate anonymously through an authorized resident agent who usually registers the company.
Board meetings
Shareholders can make decisions in written instead of going personally to Delaware, and especially in cases of companies directed by non-residents.
Accounting / annual audit
It is required to keep accounting records, however, the submission of annual accounts or auditing of accounts is not mandatory.

Financial system in Delaware

Financial services
Banks in Delaware are specialized in e-commerce, stock exchange investments, currency exchange; also the customer may request any type of financial services: checking accounts, savings accounts, virtual pos, credit cards, foreign currency accounts, investment accounts in Stock market, credits and Mortgages.
Limitations of cash payment
There are no limitations on cash payments nor there is exchange control. Banks in Delaware can open accounts in numerous currencies Euros, US $, GBP, AUD, CAD, CNY, JPY.
Deposit guarantee
American banks cover 100.000 EUR of client´s deposits.

Automatic information exchange in Delaware

The United States has not signed an automatic exchange of information agreement nor has it signed a bilateral agreement with any country. Many experts begin to consider the US as the new tax haven for non-residents and it is expected that it will be the country that obtains most amount of foreign capital in the future.

The signatory countries of the agreement (United States of America did not sign)

Year 2017
Anguilla, Argentina, Barbados, Belgium, Bermuda, British Virgin Islands, Bulgaria, Cayman Islands, Colombia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Faroe Islands, Finland, France, Germany, Gibraltar, Greece, Groelandia, Guernsey, Hungary , Iceland, India, Ireland, Isle of Man, Italy, Jersey, Korea, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Montserrat, Holland, Niue, Norway, Poland, Portugal, Romania, San Marino, Seychelles, Slovakia, Slovenia, South Africa, Spain, Sweden, Turks and Caicos Islands, United Kingdom.
Year 2018
Andorra, Antigua and Barbuda, Aruba, Australia, Austria, Bahamas, Barein, Belize, Brazil, Brunei, Canada, Chile, China, Cook Islands, Costa Rica, Curaçao, Dominica, Ghana, Grenada, Hong Kong (China), Indonesia, Israel, Japan, Kuwait, Lebanon, Marshal Islands, Macao (China), Malaysia, Mauritius, Monaco, Nauru, New Zealand, Panama, Qatar, Russia, Saint Kitts and Nevis, Samoa, Saint Lucia, Saint Vincent and the Grenadines, Saudi Arabia, Singapore, San Maarten, Switzerland, Trinidad and Tobago, Turkey, United Arab Emirates, Uruguay and Vanuatu.

The United States, by not signing any type of automatic exchange of information agreement, has created fiscal laws that establish that physical persons and companies that do not reside in Delaware do not pay taxes; the condition imposed by the state forbids development of any type of commercial activity on the territory of Delaware and USA in general.

Advantages of Delaware

Delaware is one of the best offshore jurisdictions to invest for the following reasons: 

  • Favorable tax regime for companies and individuals that do not operate in the US.
  • Legal security guaranteed by law. 
  • Capital of E-Commerce
  • Little bureaucracy when it comes to obtaining commercial licenses, company formation and bank account opening.
  • No restriction by nationality. 
  • Excellent geographical location. 
  • Economically stable financial center.
  • The best financial center in the world