> Likewise, I find it absurd that anyone running a startup outside of the US would ever incorporate in Delaware.
What if I told you it's sometimes easier for a foreinger to setup a corporation and sell in the US than it is to do so from their home country? A frenchman told me once that the US immigration system was easier to navigate than the regulations around a new business in his home country...
As for why Delaware instead of Dubai, I'm confident Delaware will still be a functioning democracy inside a strong economic union in a hundred year, with a stable, global currency and predictable laws and regulations. I'm not confident the UAE will qualify as "stable" in as little as 10 years. Other than oil, there's nothing of value there.