With demand for flexible working on the rise, many organizations have adopted remote work permanently. Lots of these businesses have set up virtual offices to save on office costs while upholding a local presence.

With a virtual office in Delaware, you can enjoy these benefits too.

According to WalletHub, Delaware is the best state for remote work. Thanks to this, as well as its tax advantages and business-friendly community, it’s also one of the most prosperous.

Why establish a virtual office in Delaware?

There are many reasons to set up a business in Delaware, especially with a virtual office. Below, we explore five of the top reasons to establish a virtual office in Delaware.

1. Business-friendly environment

With the second-lowest business costs in the U.S., Delaware is well-positioned to support enterprises of all sizes. The state also offers flexible business laws, which are so appealing that other states have modelled their legislation on these.

Setting up a business is simple here, and the state will process your paperwork quickly. Plus, your shareholders, officers, and directors don’t have to live in the state.

As a result, many businesses set up with ease using a virtual address for business in Delaware.

2. State tax advantages

Delaware’s state tax advantages also contribute to the state’s reputation as a business-friendly environment. Businesses here don’t pay state or local taxes or interest on investments. This is ideal if you’re investing in a startup or young business.

3. Hub for innovation and entrepreneurship

Delaware runs many initiatives to strengthen its reputation as an innovation hub. For example, the Innovation Corps’ (I-Corps’) Northeast Hub accelerates the economic impact of federally funded research.

This research has been crucial in supporting Delaware’s burgeoning health care, advanced materials, and innovative industries like energy and AI.

In 2021, Delaware State University and the University of Delaware joined I-Corps. With these new partnerships underway, the I-Corps Northeast Hub received funding of $15 million. This fund will support its work between 2021 and 2025.

Having established a reputation as an innovation hub, Delaware has attracted many of the world’s biggest companies to the state. These include the financial institutions of Bank of America and American Express, alongside industry innovators like Tesla.

A virtual office in Delaware can help you position your business among these names.

4. Venture capital funding

Lots of venture capital firms support larger businesses. However, there are also many venture capital funds here ready to support small businesses in their ambitions.

There are even local funds and business support groups that can help provide funding. There are the Grow Wilmington Fund, Delaware Prosperity Partnership, U.S. Small Business Administration (SBA), and First State Community Loan Fund.

5. Access to resources

There are several business resources available in the state. These resources can help you form and grow your business, even if you only have a virtual office in Delaware. The following groups provide these resources:

● Delaware Division of Corporations: Helps businesses register in the state
● Delaware Small Business Development Center: Provides free counseling and support to small businesses
● Delaware State Chamber of Commerce: The state’s largest business advocacy organization
● Small Business Administration Delaware District Office: Provides support and resources to small businesses
● Delaware One Stop: Provides information on how to launch and run a business in the state
● SCORE Delaware: Provides counseling, mentoring, and educational resources for small businesses
● Delaware Business Roundtable: Brings together business leaders to discuss strategies that promote economic growth in Delaware

Industries that drive Delaware's economy

Delaware enjoys booming business and a growing economy.

In 2022, 68.2% of all Fortune 500 companies were registered in Delaware, and 313,650 new business entities formed in Delaware. Even 79% of U.S. initial public offerings chose Delaware as their corporate home.

The industries that drive the most growth in Delaware’s economy include:

Agriculture

Worth around $8 billion, agriculture is one of Delaware’s most flourishing industries. There are around 2,500 farms across Delaware’s 510,000 acres of agricultural land.

Manufacturing

Manufacturing is Delaware’s second-largest traded sector. The sector makes up 6.3% of Delaware’s total output and 5.9% of the state’s workforce.

Finance

With a workforce of around 48,000 professionals, finance is a key player in Delaware’s economy. Many transformations, acquisitions, and mergers in the state have led to the rise of small finance and insurance businesses.

Delaware also boasts one of the fastest-growing sectors in the U.S. and is the Credit Card Capital of America.

Technology and innovation

Delaware’s technology and innovation sector fuels most of the state’s thriving industries. Tech innovations are essential to development in pharmaceuticals, agriculture, finance, and manufacturing.

In 2023, the state launched its Tech Council of Delaware to assist in the development of the local technology sector.

Pharmaceuticals and biotechnology

Delaware is famous for its global leadership in chemical innovation and pharmaceuticals.

Big biotech names that thrive in Delaware include Incyte, renowned for drug discovery and development, and W. L. Gore & Associates and their specialization in materials manufacturing.

What to consider when choosing a virtual business address in Delaware

When choosing a virtual office in Delaware, consider the following factors. Your industry and business size may inform the best-fit virtual office solution for you.

● Telephone answering services: Give your business a professional edge by selecting a virtual office plan that includes a phone service.
A live receptionist can handle your calls, giving your business a high-profile image and saving you time.
● Virtual office mail forwarding services: When you include mail forwarding in your package, you can include your prestigious business address in Delaware in your correspondence.
Receiving mail via your virtual office also allows you to keep your personal address private.
● Flexibility: You’ll need a provider that allows you to adjust your virtual office package as you scale. You may prefer to start with a business address and mail handling.
As your business grows, you could add other virtual office services like call handling and meeting room use.
● Physical workspace and additional support services: If you plan to host client or team meetings, choose a provider that offers the use of physical space. For example, you may need access to a meeting room or a few days of office space use each month.
● Agreement: Review all contract terms to make sure you’re happy with the duration of the agreement, cancellation policy, and any penalties for early cancellation.
● Location: Consider how the location of a virtual office in Delaware could impact your credibility in the city. Choose a location that fits your industry, business size, and growth plans.

The best business areas for a virtual office in Delaware

Regus offers virtual offices in Delaware at well-placed locations in Wilmington and Newark. Both of these cities offer a prospering environment for businesses.

Wilmington

Wilmington ranks in Startupblink’s top 100 startup ecosystems in the world. The city’s startups are well-known in the hardware, digital innovation, and fintech industries.

These industries make up around 41% of the startups in the area.

Larger companies also thrive in the city, especially the chemicals industry. Fortune 500 companies here include the multinational chemical enterprises of Chemours and DuPont.

Newark

There are over 800 businesses and over 100 nonprofits in Newark. These organizations benefit from The Newark Partnership (TNP).

This is an organization that works to enhance the city’s economy, environment, culture, and social well-being. It’s also delivering projects to improve the aesthetic of Delaware.

Newark’s manufacturing, technology, and professional industries bring much success to the city. Businesses of all sizes flourish in these industries. Education is also a major industry in Newark, which is home to the University of Delaware.

National companies here include the electric utility company Exelon and the industry, worker safety, healthcare, and consumer goods conglomerate 3M Company.

Virtual offices in Delaware to suit all business sizes

A virtual office in Wilmington or Newark can help you enhance your business as you scale in Delaware. Here are three popular virtual business addresses in Delaware.

1000 North West Street

Based in Wilmington, 1000 North West Street offers prestigious business addresses in the “Corporate Capital of the World.” This location hosts Fortune 500 companies and is ideal for larger businesses looking to make a global impact.

Highlights include:

● 24-hour surveillance monitoring
● Disabled facilities
● Sandwich service
● Vending machines
● On-site lunch restaurant
● Secure underground parking

Information about 1000 North West Street

● Location: 1000 N West Street, Wilmington, DE, 19801
● Starting costs: Business addresses from $149 per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Wilmington Train Station (a 17-minute walk away), 10th St @ Tatnall St bus stop (a one-minute walk away), 11th St @ West St bus stop (a two-minute walk away)

200 Continental Drive

Located in Newark, 200 Continental Drive offers well-positioned business addresses to organizations looking to grow in Delaware. Businesses of all sizes can develop a business presence here.

This location offers easy access to major road links. It’s also only 40 minutes from Philadelphia Airport, which is ideal for clients who are flying in to visit.

Highlights include:

● Business lounge
● Elevator
● Parking

Information about Continental Drive

● Location: 200 Continental Drive, Newark, DE, 19713
● Starting costs: Business addresses from $115 per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Churchman’s Crossing Train Station (a 20-minute walk away), Churchmans Rd @ Continental Drive bus stop (a four-minute walk away), De RT 7 @ Stairway to Churchmans Rd bus stop (a 13-minute walk away)

630 Churchmans Road

Newark’s 630 Churchmans Road makes an ideal virtual office for companies of all sizes looking to scale in Delaware.

This office location is within walking distance of local bus stops, and Philadelphia Airport is a 34-minute drive away. These connections make commutes and client visits easy.

Highlights include:

● Major transport connections
● Virtual conferencing facilities
● Meeting rooms

Information about 630 Churchmans Road

● Location: 630 Churchmans Road, Newark, DE, 19702
● Starting costs: Business addresses from $115 per month
● Opening hours: 24/7 for Private Office and Dedicated Desk members, reception hours for other members
● Nearby stations: Churchman’s Crossing Train Station (a 45-minute walk away), Churchmans Rd @ Gooding Dr bus stop (a one-minute walk away), Churchmans Road @ NCC Com PK bus stop (a three-minute walk away)

Establish a business presence with a Regus virtual office space in Delaware

Delaware attracts businesses from startups to global corporations. A Delaware virtual office address can help you set up or expand in one of America’s most business-friendly states.

We offer several packages including a tailored business address plan, which will give you a prestigious virtual address paired with efficient mail forwarding.

Or you can elevate your business presence with our virtual office plan. This will also equip you with our invaluable call handling service and global access to our network of business lounges.