Lowest business costs in U.S. (Forbes, 2021)
Business environment in U.S. (U.S. News and World Report, 2021)
Lowest tax burden in U.S. (Wallethub, 2022)
Delaware is home to a highly attractive economic environment where today’s companies excel. Here, we merge an accessible and willing government with a low cost of doing business and powerful legal, governing, and corporate tax regulations that make Delaware one of the best place to incorporate your business and strategically position your company.
With Forbes ranking Delaware as the state with the second-lowest business costs in America, our state is a game-changing location for companies choosing to operate on the East Coast. Delaware’s cost of doing business is 25 percent below the national average. In a high-cost region like the Northeast, that makes a big difference―just ask companies like FMC Corporation, JPMorgan Chase and Chemours.
Delaware is an excellent state for business taxes. The state has no sales tax, no personal property tax, no inventory tax, and no value-added tax (VAT). Delaware has a corporate income tax rate of 8.7%―one of the more competitive rates in the Mid-Atlantic―and transitioned to single sales factor apportionment, which rewards companies for investing in Delaware and reduces the tax liabilities of businesses that have significant property and payroll in the state. Thanks to this and our other pro-business advantages, more than a million businesses, including Fortune 500 companies like AT&T, Bank of America, Coca-Cola and Wal-Mart, have chosen to incorporate in Delaware.
Forming a business in Delaware is easy thanks to two important factors:
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