(1) |
Checklist for the registration and archives
(a) Answer your questions regarding the registration and maintenance of a corporation in Delaware State; (b) Perform name availability search; (c) Pay the registration filing fee to Delaware Division of Corporations; (d) Standard Bylaws in Delaware; (e) Record minutes of the first meeting of the Board of Directors; (f) Compile Board Resolution for opening business bank account, if requested; (g) Customize a corporate kit, including metal corporate seal, stock certificate, register of shareholder, register of director, and stock transfer ledger, etc. |
(2) |
Registered Address and Registered Agent for the first year Kaizen will provide a registered address and a registered agent in Delaware State for one year in compliance with the requirement of Division of Corporations of Delaware State for the purpose of registration of the company. |
(3) |
Application for Employer Identification Number (EIN) Employer Identification Number (EIN), also known as Federal Employer Identification Number (FEIN), or Federal Tax Identification Number (FTIN), is a business identification number just like a Social Security Number (SSN) for your personal identification number. The purpose of this number is to facilitate tax collection and identification of employers. The EIN number allows you to communicate with the Internal Revenue Service (IRS) in the dealing of all the tax matters of your Delaware company. The EIN is also needed for bank account opening. The EIN is issued by the Internal Revenue Service (IRS) upon application. The IRS normally takes around 10-15 business days to process an application. Expedited service is not available. Kaizen will notify you through email upon receipt of the EIN from the tax authority. This EIN and the corporation representative’s ITIN are required by the bank for the purpose of bank account opening. Therefore, we include this item in our package. |
(4) |
Application for ITIN An Individual Taxpayer Identification Number (ITIN) is a unique identification number, which is like the Employer Identification Number (EIN), or Social Security Number (SSN) mentioned above, issued by the Internal Revenue Service. IRS issues ITINs to help foreigners to report their U.S. source income and file tax returns. The processing time is about 14 weeks, and it may take more time during tax season (Jan - April). Expedited service is not available. Kaizen will notify you through email once received the ITIN from the tax authority. The corporation representative’s ITIN is required by the bank for the purpose of bank account opening. Therefore, we include this item in our package. |
(5) |
USA Bank Account Opening Kaizen can help you to open a business bank account remotely in the U.S for your Delaware corporation. Please notice that the representative (the director) of the corporation may be required to be interviewed via phone or video by the bank officer(s) and obtain related bank account opening documents via email. Kaizen is limited to providing introductory and assistance services and does not guarantee the result of the bank account opening as it is the sole discretion of the bank to determine whether to accept an application or not. |
(1) |
This package includes the application for one ITIN only. If there are two or more members (managers), an ITIN for each additional member will be required and our fee for application each additional ITIN is USD800. |
(2) |
Our fee quoted above does not cover licenses or permits application fee, if any. |
(3) |
The bank account opening service is only applicable to Signature Bank and East West Bank. If you need to open a Citibank account, the price will change. Please consult a professional consultant of Kaizen for more details. |
(4) |
A U.S. business address proof and U.S. phone number of authorized responsible individuals may be required for bank account opening. We can arrange such a business address proof and phone number for a fee of USD600 and USD100 respectively upon request. |
(5) |
Our fee quoted above does not cover courier charge, if any. |
(6) |
Our fee quoted above excludes the taxes. If you request a tax invoice, value-added tax at the prevailing rate may be charged and collected. |
(1) |
At least one incorporator, can be a shareholder or officer; |
(2) |
At least one shareholder, the shareholder can be a legal entity or natural person, without nationality limitation; |
(3) |
At least one director, the director must be a natural person; |
(4) |
At least one officer (Chief Executive Officer, Chief Finance Officer, or Secretary), the officer must be a natural person; |
(5) |
The director or officer can sign legal documents on behalf of the corporation and record minutes of meetings. |
(1) |
Passport copy and residential address proof (utility bill, phone bill, or bank statement, etc for the most recent 3 months) in respect of each shareholder, director, officer (and Secretary, if requested) of the Corporation. If the shareholder is a legal entity, please provide the entity’s registration document, and the identification and residential address proof of each shareholder holding 25% or more shares in that company; |
(2) |
An organization chart of the shareholder if the shareholder is another corporation; |
(3) |
Completed “Delaware corporation order form” provided by Kaizen. |
(4) |
Certain business proof in the name of the Delaware Corporation, for example, a (goods) purchase and sales agreement or service agreement or a business plan or a company brochure. |
(5) |
Employment Identification Number of your Delaware Corporation; |
(6) |
Application form required by the bank. |
No. |
Description |
Time (Days) |
1 |
Kaizen was entrusted to handle the Corporation registration in Delaware. You should fill out the order form, “Due Diligence document”, and other documents (listed in Part 4), then e-mail the whole package to Kaizen. Meanwhile, Kaizen service fees should be paid at this point. |
Client schedule |
2 |
Kaizen will verify the documents of the shareholder, director, and officer of the Delaware Corporation. |
1 |
3 |
Kaizen will check the name availability at Delaware registration office. |
1 |
4 |
Kaizen will compile the required documents, including the Certificate of Incorporation and a set of standard bylaws. |
1 |
5 |
Kaizen will send the documents mentioned in (4) to you to review and confirm the accuracy. |
1 |
6 |
Kaizen will submit the Articles of Incorporation to the Delaware registration office and pay the registration filing fee. The officer will review the document, and mail to Kaizen the sealed Certificate of Incorporation with filing date and filing number within 8 weeks, if approved. |
8 weeks |
7 |
After confirming the successful registration of the corporation, Kaizen will customize the corporate kit, such as order the metal corporate seal, prepare register of directors, register of shareholders, and share certificate, etc. |
7 |
8 |
Kaizen will arrange to apply the EIN, if being engaged to do so. |
10-15 |
9 |
Kaizen will process the application for the ITIN. |
14 weeks |
10 |
After the above procedures are completed, Kaizen will deliver all the documents to you at the address designated. |
1 |
11 |
Kaizen will arrange a meeting between the bank and the client and prepare bank account opening. |
Client’s schedule |
(1) |
The schedule above assumed that no application for license or permit is required. |
(2) |
For No.6, if the expedited service is requested, the registration will be processed within 24 hours with an extra expedited service fee of USD100. We recommend you use the expedited service to reduce the processing time. |
(3) |
Currently, we can help you to open a bank account for your Delaware corporation without your physical presence in U.S. Please consult with Kaizen for more information. |
(1) |
Certificate of Incorporation sealed by Delaware Division of Corporations ; |
(2) |
Standard Bylaws in Delaware; |
(3) |
Corporate seal; |
(4) |
The minutes book, used to record shareholder list, register of directors, and stock transfer ledger, etc.; |
(5) |
Minutes of first meeting of board of directors; |
(6) |
10 pieces of blank Stock Certificates; |
(7) |
EIN letter, if any; |
(8) |
ITIN letter, if any; |
(9) |
Certificate of Incumbency and certified copy of registration document, if any. |