US Company Registration
With the rapid development of economic globalization, an increasing number of domestic companies are entering the international market. As the world's largest economy, the United States has the most developed consumer market and with huge number of international brands. It serves as a card of international status for businesses and is one of the top choices for domestic companies looking to expand into international markets.
Advantages of Registering a Company in the USA
1.High international legal status, protected by the US government, allowing the company to open accounts with global banks;
2.Builds an internationally recognized brand, enhances the corporate image, and increases corporate profits;
3.No need for capital verification or immediate capital contribution;
4.Few restrictions on company naming, allowing for terms like "International," "Group," "Holdings," etc;
5.The company name can be used for buying and selling property;
6.High confidentiality of information, with financial information not being transparent;
7.Eligibility to set up on the Amazon platform in the US.
Conditions for Registering a Company in the USA
1.Provide the name of the US company (in English);
2.Provide scanned copies of IDs or passports for directors and shareholders (required to be at least 18 years old);
3.Provide the chairman's signature in English;
4.Provide the company's registered capital (no verification needed);
5.Determine the share distribution ratio among the shareholders of the US company;
6.Determine the registered address of the US company (which state);
7.Determine whether a bank account or tax identification number is needed.
Popular States for Registering a Company in the USA
California: Relatively free naming; annual review every year; a basic state tax of 800 USD annually; taxation is required regardless of business activity;
New York: Strict naming requirements; biennial review; a basic state tax of 25 USD annually, with required taxation regardless of business activity;
Colorado: Liberal naming; low registration cost and simple management; no fixed state tax;
Washington State: Annual review every year; no fixed state tax; exempt from state income tax;
Florida: No LTD/LIMITED ending; annual review before May 1st every year; no fixed state tax;
Delaware: Relatively free naming; annual review for C corporations before March 1st, and for LLCs before June 1st every year; exempt from sales tax;
Nevada: Registration requires reporting; exempt from state income tax; there is a famous Las Vegas.
U.S. Corporation Federal tax ID Number
After registering a company in the United States, it is necessary to apply for a United States Federal Tax Identification Number, abbreviated as EIN (Employer Identification Number), also known as the Employer Identification Number. It is unique and is a required number for actual business operations and tax filing for US companies. If opening an account in the United States, the federal tax number must also be provided.
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