How do I open a business in the USA? What if I need a company to be registered remotely as soon as possible? We have an excellent offer for you. We will help you register a company, and open a business bank account in the USA remotely, with no personal visit.
The United States is the financial and business center of the world. Banks, IT-giants, and the largest ecommerce companies like Amazon and Uber were established and developed in the USA.
Flexible and stable corporate legislation, high consumer purchasing power, and developed infrastructure are part of the local business landscape.
Setting up a business in the United States means:
- getting access to the U.S. and international markets;
- dollar transfers made easy;
- flexibility in implementing your business objectives.
Company incorporation in the USA is available online to residents / non-residents, individuals / legal entities.
Almost any business is allowed: commerce, IT, consulting, financial services (if licensed), and many more.
Who Will Benefit from Setting Up a Business in the USA?
The most popular businesses for company registration in the USA are as follows:
- IT: services, software, applications;
- Fintech: payment and investment solutions;
- Ecommerce on Amazon: from T-shirts to electronics;
- Services to businesses and individuals in the USA and worldwide: outsourcing, consulting;
- Investment raising;
Company registration in the USA makes sense if you plan to work with American companies since American businesses prefer local companies.
Setting up a company in the USA will also make sense if you have the following objectives:
- Residency by Investment: E2 and EB5 Investor Visas ;
- Tax / estate / inheritance planning;
- Investing in the USA and abroad.
What is the Most Favorable State for Setting Up a Business?
Business persons are interested in figures. It is desirable for the taxes to be lower and revenues to be higher.
There are 50 states in the United States of America. Each of them is, in fact, a sort of separate country with its own taxes, registration and reporting rules.
Choosing the most convenient state depends on your type of business, the market, the legal corporate form of your company in the USA, the revenues within the country.
Zero state corporate tax is offered, for example, by the following states:
- South Dakota;
Besides state taxes, USA company may be subject a federal tax. America’s tax system is three-tiered, including the federal, state, and specific county/city.
Each state of the USA also offers separate exemptions, incentives, limitations.
Keep in mind that the cost of maintaining a company varies greatly – depending if you provide a real presence, open an office, and hire personnel.
The cost of incorporating and maintaining a company in the USA also depends on whether a license is required.
In order to estimate which state will be the best for you, please do not hesitate to consult our experts before setting up a company.
How Do I Set Up a Business in the USA?
Everyone, Residents and Non-residents (aliens who do not meet either the Green Card or Substantial Presence Test) alike, needs a registered agent to incorporate a company in the United States. The agent is an official representative who provides an address for receiving legal mail.
The company owner in the USA can be individuals, legal entities or a combination of both. It doesn’t matter where in the world they are based, provided they are not subject to US sanctions.
It is possible to register a company in the United States remotely – without having to travel..
Legal corporate forms in the USA
Here are the most common legal forms in the United States:
- LLC (Limited Liability Company);
- Most often non-residents choose either an LLC or a Corporation (Corp)
|Company size||Small/medium||Large, for investment raising|
|Issue of shares||None||Various types of shares possible: common, privileged, registered|
|Taxation||No company income tax, counts as personal income of the owners ( may also choose the corporation-type taxation)||Corporate tax + dividend tax|
|IPO||No LLC can be public||C Corp may be public|
Company Taxes in the USA
The United States tax system has three tiers:
- Federal taxes: flat rate of 21% (it used to be a progressive scale of up to 35%);
- State taxes: 0 to 12%;
- Local taxes: they are often very low or non-existent, but it depends on the location of business.
The federal tax amount is calculated after the state tax is paid, so the effective rate is not equal to the federal rate added to the state rate.
The USA corporate tax system is complicated and confusing, especially for those who run their business in more than a single state. It becomes necessary to bring in an expert to comply with the laws. However, there is always an opportunity for flexibility and saving money.
Important note: If you plan to work in the U.S. market, please consider the sales tax that varies depending on the state.
Company Annual Reporting in the USA
Each U.S. company should apply for an EIN (Employer Identification Number). Although not obligatory, this will be essential if the client wants to open bank accounts or do business in the USA.
The deadline for reporting depends on the company’s legal corporate from. It is also influenced by the laws of the state where the company is registered.
Sometimes it is necessary to file a report even if one does not have to pay any taxes.
It is highly recommended to take professional advice rather than attempting to navigate the US tax system yourself. The good news is the USA is generally friendly to foreign investors and the costs of tax preparation are relatively low.
Bank account for a company in the USA
Banks of the United States are some of the largest in the world. However, non-residents often need to visit the bank in person to open a bank account.
We are happy to offer you a unique opportunity to open a business bank account in the USA remotely, without a personal visit. Do register your company in the USA and open an account together with us.
There are a number of banks we work with, and our experts will match your requirements and business profile to the one that best suits your needs. For example some banks are better for international transactions, others are better for domestic transactions. Some banks are ideal for e-commerce businesses, whereas if your main goal is to invest your wealth in the stock market we would recommend banks that specialise in that. And sometimes banks simply get busy and there might be delays opening an account. In that case, our experts will be aware of the situation and will offer a suitable alternative.
For this reason our offshore experts will ask you to fill out a short questionnaire about your banking needs that will be analyzed by our US banking experts.
The List of Documents Required to Register a Business in the USA
- Information on the founders: full name, place and date of birth, addresses of residence and domicile.
- ID, preferably a passport and one other form of ID.
- Proof of residence (utility bill, statement from a foreign bank, credit card statement etc)
- Legal entities will need to present their incorporation documents and the resolution on incorporating a subsidiary.
- Company name.
- Description of business – a short “executive summary”.
These documents are to be submitted electronically. In some cases they might need to be certified or notarized, but send us good quality scans first and we will advise.
If the documents are prepared properly, it is possible to register a company within a single business day, though this is rare and a week is more realistic.
Please feel free to send your questions right now at email@example.com or contact our experts via messengers.