MIRRASIA  BUSINESS  ADVISORY

Delaware Incorporation Guide (LLC/Corporation)

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Incorporation Fee: USD 1,200

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Seker (Cyprus) bank account opening fee: USD 400

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Estimated lead time: 4-7 business days

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Incorporation includes:
1. Registration of incorporation
2. Preparation and advice of necessary documents for establishment such as operating contract, certificate of equity, articles of incorporation, and first resolution of the board of directors necessary for incorporation
3. Delaware Corporate Registration Fee
4. Delaware Corporate Address and Postal Service
5. Delaware Corporate Contact Listing Service
6. Issuance of an Employer Identification Number (EIN)

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Bank account opening service:
Cyprus Seker bank account: USD 400
Tennessee Bank Account: USD2,000
Florida bank account: USD 2,000 (in person required)
California bank account: USD2,000
New York bank account: USD2,000
Nevada bank account: USD2,000

Annual renewal fee: USD 1,200
(Incorporated in February every year, LLC in May every year)

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Annual renewal includes:
1. Annual Return
2. Delaware Franchise Tax
3. Delaware Corporate Address and Postal Service
4. Delaware Corporate Contact Listing Service

Additional services (separate estimate):
1. ITIN issuance
2. Issuance of Sales Tax Registration and Resale Certificates
3. Federal Tax Return and Form 5472
4. Accounting Services

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Establishment Requirements:

There must be at least one shareholder and director, and one person can concurrently serve as a shareholder and director.

No restrictions on the nationality of shareholders or directors at the time of establishment

Depending on the industry, establishment may not be possible or a license may be required, so prior confirmation is required.

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Requirements and required documents for incorporation:

1. A copy of the shareholder/director's passport

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2. Two types of documents for the most recent (within 3 months) address in English for shareholders/directors
   - Residency in Korea: English certified copy (community center) + Scan the front/back of the driver’s license  ( View sample )
   - Residence in another country: Utility Bill + Bank Statement (or equivalent official document)   ( View sample )

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3. Fill out the application for incorporation

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Procedure:
1. Submit the required documents for the shareholder/director to be registered:

2. Payment of establishment cost
3. Confirmation after confirming whether the name of the corporation is possible
4. Sign the incorporation document provided by our company and send it by international mail
5. Proceed with establishment after receiving documents
6. Incorporation within 7-10 days after receipt of documents​ completion

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​ *If you wish to open an account after establishment, please contact us in advance.