While the answer to our question is definitely a resounding, “yes”, not many foreigners are aware of this, but you can form a company in USA even though you are not a U.S. citizen. How to register your company in USA as Non-Resident
Were you thinking of the same thing too? Did you also want to open a company in U.S. but ended up not pursuing your desire since you thought you’d need to be a U.S. citizen?
If you answered, “yes”, then it’s high time that you get your act together. We will share with you four very important points that you need to consider when starting a company there.
The first step is deciding what type of business you want to form, how you plan to form it, and what it will cost to start this business. This step will also involve a careful review of your budget to make sure you have the money to form the business. Review this information:
In the Company Planning Stage you will determine such practical matters as:
When you complete the first two steps carefully, the third step should go smoothly. Make sure to provide all required documentation when forming your company. You will then take action:
While not a requirement during the business registration phase, an Employer Identification Number (EIN) is necessary to open a bank account, secure a business license, obtain loans, hire employees, and pay taxes, a necessity, therefore, in the overall scheme of things.
An EIN can be applied for directly from the IRS for free, but if you’d rather not do it yourself or you find the forms and procedure confusing, then look for a business formation specialist who can help you with the process. Before going through the motions of setting up a U.S. business, make sure that you can actually open a U.S. bank account. While it does seem simple on paper, as earlier mentioned, this process can be really tricky.
While not necessarily a walk in the park, non-U.S. residents can legally form U.S. companies, and even obtain permanent resident status by making substantial financial contributions to the U.S. economy.
If this is a route you plan to undertake, it pays to know your options and the possible obstacles you would have to hurdle before taking a major step forward.