The Location:
The United States of America – commonly known as United States, America or US - is a constitutional federal republic composed of 50 states; 48 of which are located in North America between Canada and Mexico. The capital is Washington D.C; the official language is English, and the currency is the United States Dollar (USD). It is the world's largest economy by nominal GDP, and the world's foremost economic and military power. America is a member of: the United Nations (UN); the G7; the G20; the Organisation for Economic Co-operation and Development (OECD); the World Trade Organization, and the General Agreement on Tariffs and Trade (GATT), among others.
Key Benefits & Features of Company Formation:
- The most popular Corporate Entity for non-residents is the Limited Liability Company (LLC).
- Popular states for company LLC incorporation are California, Nevada and Delaware.
- Company formation offers access to the world’s largest integrated national market.
- Advantage of Limited Liability.
- Easy and friendly business environment.
- Favourable tax incentives.
- Easy compliance requirements.
California
- Highly-efficient business environment.
- Offers unrivalled market access.
- Annual filing fee is US$ 385, due by January 1st each year.
- Requirement to pay US$ 800 tax - billed by the state within 90 days.
Nevada
- Pro-business environment.
- Favourable tax incentives.
- Annual filing fee is US$ 650, due on January 1st each year.
- Initial list of US$ 165 - due within 60 days of initial filing.
Delaware
- Low tax incentives – 0% Corporate Tax for companies not operating in the state.
- High confidentiality.
- Annual filing fee is US$ 289, due by January 1st each year.
- All companies are required to pay an annual Corporate Franchise Tax.
Additional Information:
- Requirement to adhere to all formalities, so care must be taken to ensure fulfilment.
- Minimum share capital is US$ 1 – applicable to all three states.
- An increase in the shares may cause an increase in the initial filing fee - applicable to all three states.
- An EIN Number is required to pay taxes – applicable to all three states.
- Requirement for Director is a minimum of one, which can be non-resident – applicable to all three states.
- Directors are not required to be listed in the articles of incorporation – applicable to all three states.
- Company names must not be similar to other existing companies, and are required to include: Corporation, Incorporation or an abbreviation – applicable to all three states.