Legislation of USA

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List of laws and regulations

Act name
Scope of law
Delaware Code
limited liability companies
personal income tax
corporate income tax
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Tax treaties entered

Australia
Austria
Bangladesh
Barbados
Belgium
Bulgaria
Canada
China
Cyprus
Denmark
Egypt
Germany
Greece
Hungary
Iceland
India
Indonesia
Israel
Italy
Kazakhstan
Latvia
Lithuania
Luxembourg
Malta
Mexico
Morocco
Netherlands
New Zealand
Norway
Pakistan
Philippines
Poland
Portugal
Republic of Korea
Romania
Russian Federation
Slovakia
Slovenia
South Africa
Spain
Sri Lanka
Sweden
Switzerland
Thailand
Thailand
Trinidad and Tobago
Tunisia
Turkey
Trinidad and Tobago
Tunisia
Turkey
Ukraine
United Kingdom
Venezuela
Viet Nam

Tax Exchange Information Agreement (TEIA)

Antigua and Barbuda
Argentina
Aruba
Bahamas
Barbados
Bermuda
Brazil
British Virgin Islands
Cayman Islands
Colombia
Dominica
Gibraltar
Guernsey
Guyana
Honduras
Grenada
Jersey
Jersey
Costa Rica
Curaçao
Liechtenstein
Marshall Islands
Mauritius
Mexico
Monaco
Netherlands Antilles
Isle of Man
Panama
Peru
St. Lucia
St. Martin
Trinidad and Tobago
Jamaica

List of state regulatory authorities

Delaware Government
Delaware Division of Corporations
Delaware Division of Revenue
One Stop Business Registration and Licensing System
Delaware Economic Development Office
US Department of the Treasury
US Internal Revenue Service

Corporate info

Legal system
common law
Types of entity
sole proprietorship; general partnership; limited partnership; C Corporation; Public Benefit Corporation; Public Benefit Corporation; S Corporation ("S" Corporation); limited liability company; limited liability partnership
Shelf companies permitted
No
Incorporation timescale for a new company
2-3 business days
Company suffix
"association", "company", "corporation", "club", "foundation", "foundation", "incorporated", "institute", "society", "union", "syndicate" or "limited" (or acronyms).
Sensitive words
bank
Cyrillic alphabet permitted in company name
No
Local registered office
Yes
Local registered agent
Yes
Information to be kept at the registered office
no requirements
Seal required, type of seal
no printing required
Redomiciliation (to, from) permitted
permitted

Director and secretary

Minimum number of directors
1
Residency requirements for directors
No
Corporate directors permitted
No
Directors’ meetings/frequency/location
No restrictions
Disclosure to local agent
Yes
Disclosure to public
Yes
Company secretary required
No
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
No

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
Yes / annually / no restrictions
Disclosure to local agent
No
Disclosure to public
No
Beneficiary info disclosure to
No

Shares and share capital

Minimum authorized share capital
Not set
Minimum issued share capital
Not set
Minimum paid share capital
Not set
Authorized capital payment deadlines
Not set
Issued capital payment deadlines
Not set
Standard currency
US dollar
Standard authorized share capital
1,500 shares
Standard par value of shares
No
Shares with no par value permitted
Yes
Bearer shares permitted
No

Taxes

Personal tax
10-37%
Min. rate for corporate tax
35%
Corporate tax (in detail)
The basic income tax rate is 35%
Capital gains tax
Up to 20%
Capital gains tax. Details
VAT
About 3-10%
VAT. Details
At the federal level, sales and use taxes are not levied. However, most states and municipalities do charge sales and use taxes.
Withholding tax
30%/30%/30%
Other taxes
Social contributions, Inheritance and gift taxes, Property taxes
Exchange control
No
Government fee
Stamp duty
At the state level

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
No
Publicly accessible accounts
No
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
Yes
Audit required
No

General information shortly

Location
North America; on the east coast of the United States
Total area
6.452 sq. km
Population
336.023.460 (2022)
Capital
Dover
National currency
US dollar
Conditional reduction of currency
USD
Against USD
1
Climate, average max and min t°
Temperate; winters are quite long and cool, with temperatures sometimes dropping below 0 and rising to +6. Summers here are also not very hot, the average temperature stays around +20-+31
Time difference from Moscow
- 7 hours
Dialing code
+1-302
State language
English
Ethnic groups
79.96% European; 12.85% Black; 4.43% Asian; 0.97% American Indian and Alaska Native; 0.18% Native Hawaiian and Pacific Islander; 1.61% other.
Literacy rate
99%
History
Before Europeans arrived, the state was settled by the Algonquin tribes of the Lenape (better known as the Delawares), who occupied the entire Delaware Plain, and the Nanticoke, who lived along the rivers flowing into the Chesapeake Bay. The first Europeans on the territory of the future state were the Dutch, who in 1631 founded the colony of Swanendal (Dutch: "valley of swans") on the site of modern Luis. Just one year later all the settlers were killed in a conflict with the Indians. In 1638, the Swedes, under the leadership of the former governor of New Netherland, Peter Minuy, established the trading post and colony of Christina, their first settlement in North America. In addition to the Swedes and Dutch, the Finns (whose country was then part of Sweden) and Germans also participated in colonization. In 1651 the Dutch established Fort Casimir in the immediate vicinity - in what is now New Castle. A year later, the Dutch landed in the area and annexed New Sweden. Nine years later, in 1664, the Dutch were defeated by a fleet of British ships. Title to the land that later became the state of Delaware was granted in 1682 by James, Duke of York, to William Penn. The land was then part of the colony of Pennsylvania. Penn established a government and briefly consolidated his two estates under the control of the Commonwealth in 1682. Delaware was one of 13 colonies that rebelled against British rule during the War of Independence.
Credit rating
AAA
Government type
US state
Executive branch
The governor of the state
Legislative branch
State General Assembly
Judicial branch
Supreme Court, Superior Court, Chancery Court, Family Court, Civil Court, and small non-constitutional courts (magistrates' courts and elders' courts)
Unemployment
3,9% (2021)
GDP per capita rank
11 (2020)
Corruption perceptions index rank
67 (2021)

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Banks of USA

Bank
The cost of opening an account, $
Global rating
Countrywide rating
GSL rating
2 300
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