Delaware

1. INTRODUCTION
- Small but economically important State of USA. Situated close to New York and Washington.

2. ADVANTAGES
- Very low prices for incorporation and government fees.
- Quick and simple incorporation.
- Clear company laws enable comfortable using but as an USA company not tax-free one.

3. DISADVANTAGES
- Delaware corporations are actually tax liable. Their using as offshore ones is illegal.

4. COMPANY NAME
- Sensitive word "Bank", but "Insurance" is permitted.
- Must end "Corporation", "Company", "Incorporated", "Limited", etc.

5. SHAREHOLDERS
- min. 1 legal person or individual

6. DIRECTORS
- min. 1 individual

7. ACCOUNTS
- not required

8. SHARE CAPITAL
- Optimal 1500 shares of no par value.

8. TIME TO SUPPLY
- from ready-made list - 3 days for courier.
- with new name - up to 12 days.