United States (Delaware) Company Formation

Delaware is a small state on the east coast of the United States, yet it is one of the best-known company law jurisdictions in the world. More than half of all US publicly traded companies are incorporated in Delaware.

The state's company legislation (the Delaware General Corporation Law and the Delaware LLC Act) is flexible, predictable and backed by many decades of case law. Through Ata Yat's Wilmington office, Ata Yachting Limited, we serve your Delaware companies directly on the ground.

General Information

• Location: US east coast — capital Dover, business centre Wilmington
• Company types: Limited Liability Company (LLC) and Corporation (Inc.)
• Legal system: based on English common law
• Business court: the specialist Court of Chancery for company disputes
• Official language: English
• Currency: US Dollar

Key Features

• The structure most used for yacht ownership is the LLC: simple to manage, with flexible numbers of members and managers.
• Members and managers do not need to be US citizens or residents.
• Companies that do not do business in Delaware are not subject to state income tax; an annual flat state tax is paid instead.
• As one of the most established and trusted company law systems in the world, it is well known to banks and lenders.

Who Is It For?

• Owners who want to hold their yacht through a US company.
• Those looking for a strong legal system and international recognition.
• Owners who want their annual compliance handled easily with on-the-ground office support.