Foreigners are often afraid of high tax rates in various states of America when they think about starting a new company. They don’t know that it’s super easy to start a company in the US without paying a single penny as tax as a foreigner. Not only this, but the process of USA company registration comes with many perks.
That’s why I’m here to encourage you to start a company in the US. In this article, I’ll try to cover all the essential benefits of creating your dream company or your favorite business in the United States of America. So, this guide is going to be very interesting. Just follow the footprints of this article to get rid of a block between you and your US company formation process.
Let’s start!
Better Reputation:
If you want to gain a good reputation for your company, the United States of America has it for foreigners. It’s one of the biggest economies in the world, and you’ll get more direct benefits if you start a company in the US than any other. For example, many company owners are facing issues while giving trust to their clients about the safety of their money and assets.
The reason is that your company is based in any state other than the United States of America. It’s obvious that you’ll face invoice and trust issues from your clients. On the other hand, if you ask about issuing invoices from your customers as a registered company in the US, you’ll get instant payments, and your business will automatically grow.
Tax Benefits:
Taxes are one of the most essential concerns of any company owner. The myth is that tax rates are higher in the US for registering a company. Somehow, it’s true, but there is another way to register a company without paying taxes.
Do you know about LLC Structure? It’s a tax-free structure that helps you begin your journey in USA company formation without paying tax as a foreigner. Currently, thousands of businesses are running with the help of the US LLC Structure. Remember, you’ll not require any physical appearance, agents, and employees in the US under the LLC Structure, but your company will get registered without any hassle.
Your US company registration will be completed within days if your company is related to AaaS, PaaS, SaaS, consulting, dropshipping, copywriting, software development, and any other relevant business. Online and IT work related companies often get registration more quickly than others. Moreover, there are many caveats associated with the US LCC.
US Market Access:
Do you know what the GDP of the United States of America is? It is more than $20 trillion. Also, more than 365 million people are recognized as having one of the highest household spending globally. In this way, the US consumer market is known as one of the most lucrative markets all over the world.
Direct access (without any middleman) to the US market will give you access to a wide range of sellers and buyers. More importantly, US consumers trust US-based companies to have business terms. That’s why it would be beneficial for you if you start a company in the US rather than in any other country or state.
Great Banking System:
As I’m honest with my readers, I’m not saying that the banking system of America is one of the perfect ones. However, I must say that it has a lot of benefits for its users. Let’s take a few examples of using the American banking system here:
● The baking fee and interest deducted per annum are very low.
● The US dollar is one of the widely accepted and stable currencies worldwide.
● Each bank account in the US accepts more than $250,000, which is higher than any other bank account in Europe and other countries.
● Those who have credit cards from US banks get many perks like discounts, interest, bonuses, and much more.
● If you want to sell and buy cryptocurrencies, it’s only possible if you have a US bank account.
You know, Workhy has made the process of US company formation so easy. So, what’s stopping you from starting a company in the US? Kindly share your views with me; I would happily answer your questions.
