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TAXAJ Corporate Services LLP - Financial Doctors

Foreign Company Registration - Outside India

For Indian businesses seeking expansion or having a non-resident Indian consumer demand, stand an excellent opportunity to reap the many benefits of USA company registration, one of the most popular ways of starting a business. Setting up a US company for your business is now easier than ever. The United States of America, harboring a multicultural population, has a large English-speaking populace and is mainly open to foreign companies due to its diversity. Dominant as the world’s top superpower with an economy that is fourteen times larger than India, it provides one of the most accommodating turfs for Indian businesses to flourish quickly. What are you planning to do with your company? Are you going to receive any outside funding from VC or angels? If you do not plan on bringing on investors in the future, I will choose an LLC. If you wish to bring on investors, I will choose a corporation. What are you planning to do with your company? Are you going to receive any outside funding from VC or angels? If you do not plan on bringing on investors in the future, I will choose an LLC. If you wish to bring on investors, I will choose a corporation.

We found a way for you to set up your US bank account remotely through our banking partner. It operates as a US bank, has more benefits for startups, and is more convenient for foreign-owned businesses.

There are no minimum balances, opening fees or monthly fees. There is a cost for wire transfers which are $5 domestically and $35 internationally.  There are no limits to the balance you can have in your account, and there are no limits to the number of transactions you can make out of your checking account. Outgoing US wire transfers have a limit of up to $500K, whereas outgoing international wire transfers have up to $300K. Outgoing linked bank transfers have a limit of up to $500,000, and remote check deposits limit up to $200,000. Yearly charges would depend on whether you set up in Delaware or Wyoming. For Delaware, you will have to pay the registered agent fee and franchise tax which can vary based on the nature of your business. You will also need to pay for your US-based address if your company is formed in Delaware. We will cover the first month for you. The address for Wyoming companies will be provided by the registered agent and is free. Yearly charges would depend on whether you set up in Delaware or Wyoming. For Delaware, you will have to pay the registered agent fee and franchise tax which can vary based on the nature of your business. You will also need to pay for your US-based address if your company is formed in Delaware. We will cover the first month for you. The address for Wyoming companies will be provided by the registered agent and is free.

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About This Plan

Get your foreign company registered anywhere in the world in the fastest possible manner.

Created by potrace 1.15, written by Peter Selinger 2001-2017

Timeline

It normally takes us 20 business days to get everything done for you. If you have an SSN or a TIN, the process takes 2-4 business days.

Services Covered
Who Should Buy
How It's Done
Documents Required
Services Covered

1. State filing fees
2. Company formation
3. Obtaining EIN (Tax ID for the company)
4. Post-Incorporation set up
5. A business bank account with our partner, which is set up remotely so you do not need to visit US
6. One-time free tax consultation
7. Special offers and discounts from our partners
8. Lifetime support from us.

Who Should Buy

  • Businesses looking to expand or scale operations on higher level
How It's Done

  1. DSC Application

  2. Name approval form filing

  3. Preparation of Incorporation Documents

  4. Getting those docs signed by the respective stakeholders

  5. Filing of e-Forms

  6. Receipt of Incorporation Certificate.

Documents Required

  1. Name, Contact Number and Email Id of all the Stakeholders.

  2. Directors Identification Number, if already.

  3. Self Attested PAN, Aadhar & Passport size photo of all the Stakeholders.

  4. Latest Month Personal Bank statement of all the Stakeholders.

  5. Specimen Signatures of all Stakeholders.

  6. Few Proposed Business Names along with Objects.

  7. Brief description of main business activities of the proposed Company.

  8. Shareholding pattern (50:50 or 60:40) between the Stakeholders.

  9.  Authorised & Paid Up Share Capital of the Company.

Launch your Business anywhere in the world!

Benefits of having Company in a Foreign Country

International Reputation

Company registration in the foreign countries like USA, UK, Canada, Middle East, etc. helps you gain an international reputation, therefore registering your business would give you more recognition and people would love to partner with you.

Business Friendly Regulations & Laws

Many Foreign Countries are known for their business friendly laws and regulations. It is easier to sell in the Foreign Market and Tax rates are low as well therefore more entrepreneurs are attracted to this country. The regulations around company incorporation are less taxing and are the one that promotes ease of business.

Minimise your Personal Liability

Company registration in Foreign means that your personal assets are protected against business actions. When you register your business there, your company is then a distinct legal entity and it is responsible and accountable for debts arising out of the business. It means that the creditors can only seek payment from your business assets and not from your personal assets. It allows you to perform your company operations without risking your personal assets like your savings, properties etc.

Enhanced Credibility & Brand Awareness

Another benefit of registering your company in Foreign is enhanced credibility and brand awareness. Customers and other stakeholders perceive registered businesses to be more stable than unregistered business. Registering your business in foreign will add to your list of benefits in terms of dealings with reputed organizations in the future. Many companies in the Foreign establish business ties and engagements with only local companies.

New Markets

All states in the United States of America are looking to increase the level of business environment and many cities encourage them to invest in their communities. You may have a number of opportunities in terms of where to set up your business and can choose from locations that suits your choice.

Low Corporate Tax Rates

Many countries offer financial incentives to investors who are willing to set up a company there. Some of such incentives include tax benefits and the country has known to lower their commercial real estate taxes for foreign investors in the recent times. Also the fact that corporate taxes are lower is one of the significant benefits of registering your Company in foreign.

Tech Advanced Countries

Many Foreign Countries have access to advanced technology. It increases the desirability among businesses to do business there. Many investors are incorporating companies in countries like USA just to have the access to these cutting edge technologies which will boost their business productivity and global communication.

Additional Benefits

There are other notable benefits that can cause you to consider registering your Company in Foreign. The fact that USA is considered to be world’s second most competitive economy, when it comes to innovation, market size, business dynamism etc. can motivate one to invest there. Apart from that USA has a culture of innovation and entrepreneurship in areas of science and technology.

Frequently Asked Questions:

  Advantages of Limited Liability Company

Limited Liability Corporation is the best choice for many businesses. It offers extensive growth possibilities, poses a minimal risk with no shareholders limit and gives extra credibility for your company incorporated. Moreover, when you incorporate an LLC, taxes are not be paid on the trade profits at the legal entity stage. Instead, the taxes from the company’s profits is filed on the proprietors’ tax returns.

  Advantages of C Corporation

C corporation is advantageous to foreign businesses because of the multiple tax planning opportunities. You also get the free transferability of shares and legal protection with no limits on the number of shareholders or owners. Although in C corporation, the profits are always taxed at the legal entity level. For example, suppose the profits and the business's resources are split among the stakeholders as a bonus. In that case, the stakeholders are entitled to pay their corporate income tax dues on the profits, thus creating a double taxation scenario.

    Why USA company registration is beneficial?

In the USA, business laws and regulations are well-formed, and corporate income tax rates are meagre. It is highly favourable for foreign businesses to thrive efficiently. However, every state is governed by its state laws and regulations in the USA, which vastly differs. If your business is state-dependent, it is wise to Incorporate your business, thereby acquiring a Foreign Qualification Certificate. Nevertheless, Delaware, Wyoming and Nevada provide the most complimenting business and relaxing tax laws, which makes it mainstream for companies to choose this state to incorporate. In particular, Delaware is said to be tax heaven as they have no state sales tax, and the state’s franchise tax for small US & foreign businesses is very meagre. Additionally, there is no need for non-residents & Foreigners to pay separate corporate income tax in Delaware.

  Top 5 Benefits of USA Company Registration

👉 Business-friendly laws and regulations
👉 Personal assets such as house or savings are protected from risks
👉 Low Corporate income tax rates
👉 The business is incorporated quickly in the US when done in Delaware, Wyoming and Nevada
👉 Publicly revealing names of directors and shareholders of your US company is not required

  How to choose & Set up the Right Company Structure in the US?

There are mainly two main categories of incorporation to choose from, LLC and C-Corporation. However, LLC is preferred the most because of its ease towards single taxation and adaptability. On the other hand, budding entrepreneurs who appeal to venture capitalists and angel investors to raise funds must incorporate as a C-Corp and not an LLC. Also, if you are planning to go public, C-corp would be the ideal choice to make.

Difference between LLC and C Corp

Following are the documents that must be submitted in any of the languages Dutch, English, German or French:

LLCC Corp
The owners are the membersThe owners here are the Shareholders
Appropriate for small-scale businesses with limited shareholdersApt for middle-size to substantially sizeable businesses with many shareholders
Members can set up the structure as they choose and manageShareholders elect directors who manage business movements
Members are not held liable in an LLCShareholders are not held liable in a C corp
Depending on the limitations of the operating agreement, transferability is plannedHere the stock of shares can be transferred easily
In general, stakeholders from outside don’t prefer an LLC because they are structured to operate as partnerships mostlyForeign investors prefer C corp because they contain stocks, which is distributed among the shareholders