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xpand Your Business in Delaware

Currency:

United States Dollar (USD)

Official Language:

English

Ease of Doing Business:

Excellent – Ranked 6th in the World Bank’s Ease of Doing Business report

Average Time to Set Up a Business:

1–3 business days

Corporate Tax Rate:

8.7% (on Delaware-sourced income); 0% for companies operating outside Delaware

Sales Tax (Standard Rate):

0%

VAT Registration Threshold:

Not applicable (no VAT system)

Dividend Tax Rate:

30% withholding tax on dividends paid to non-residents, reduced under tax treaties

Personal Income Tax Rate:

Progressive rate ranging from 2.2% to 6.6%

Company + Employer Contributions:

Employer payroll taxes approximately 7.65% (Social Security 6.2%, Medicare 1.45%)

Minimum Share Capital:

No minimum requirement

Bank Account:

Recommended; can be opened in USD or foreign currencies

Accounting Requirements:

Annual franchise tax filings, annual reports, and federal corporate tax returns

Audit Requirements:

Not mandatory; audits depend on federal requirements or specific shareholder requests

Business License:

Required for specific regulated activities (e.g., finance, healthcare)

Immigration Policy:

Business and investor visas available (e.g., E-2, EB-5 visas)

Compliance Requirements:

Delaware Franchise Tax, federal filings, payroll, and compliance with U.S. labor laws.