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DELAWARE
- Delaware has a modern law favourable to foreign
incorporators. Delaware does not impose tax on dividends remitted to owners.
- There is no disclosure of beneficial ownership and there is
total confidentiality. There are not Exchange Control Laws. The name of the Company shall
contain the word "corporation", "incorporation", "Company",
"limited" or an abbreviation of one of these words.
- The Share Structure of a standard corporation is 500
registered and /or bearer shares of no par stock value or up to US$ 50.000 worth of par
value stock.
- Every corporation shall be directed by a Board of Directors.
Every corporation shall have a President, Secretary and a Treasurer.
- Every corporation, shall have the power to have a Corporate
Seal at pleasure. Each corporation shall keep correct and complete books and records of
account.
* The annual Meeting of Shareholders shall be held for the
election of Directors on a date and time designated.
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