Starting a business in the United States, like anywhere else, requires thorough research, especially if you’re a non-resident. While many websites are giving free access to necessary information, making a decision can be tougher than expected. There are so many things to decide on, including where to incorporate your business and where to set up your physical store.
We have listed three of the most suitable states for any foreign business.
If you’re thinking about starting up a corporation, then this is the state to make that first attempt. This state offers flexible statutes for businesses outside the country.
Enlisting as a limited liability company or corporation in Delaware only requires one person and no to minimal nominee fees. Getting a Federal Tax Identification Number is also as easy.
The next most popular choice for setting up a foreign business in the United States is Nevada. Thanks to its low filing fees and no taxes. Imagine starting a foreign corporation in the US and pay only $200. You can hire an agent to register your company with the Secretary of State. Succeeding applications can be made online.
Nevada permits one-person corporations. You can list your name as the President, CEO, COO, Secretary, and all other directors to make it a ‘company.’
Wyoming also offers flexible statutes for setting up a business. Most foreign firms choose this state as their remote location. There are relatively easy rules to follow, whether your business has already established physical offices in the locality, not yet, or not at all. With the help of an agent, you can start a business in no time.
There are other forty-seven states to choose from in case these three states fail to meet your expectations. However, with minimal set-up fees, I don’t see any reason not to.