How to Set Up a US Company as a Non-Resident
How to Set Up a US Company as a Non-Resident from India. Setting up a US company as a non-resident is more than just filing legal paperwork. You also have to understand and comply with the many tax and other requirements of doing business in the USA.
If you are a non-resident looking to set up a US company, you have even more hurdles to go through than a US resident. First, there are more income tax issues for non-residents who want to take their income out of the US, such as reporting requirements and filing returns. Second, obtaining an appropriate US work visa and opening a bank account are also problems.
Setting up an American company as a non-resident of the United States is not only complicated but involves making sure that you follow the correct procedures to avoid potential problems. There are many different forms and documents required, as well as tax considerations that need to be made before starting.
As a non-resident, setting up a larger business, such as a corporation or LLC, can be more complicated and expensive than for citizens and green card holders. Most states do not permit non-residents to incorporate, even though there are exceptions in some states and you may have good reason to set up a US company as a non-resident. If you must open bank accounts for your US company in other countries (such as offshore accounts), the US government will consider this creating an offshore account for the purpose of evading US taxes and reporting requirements.
Whether you're an entrepreneur looking to start up a business in the US or an executive looking to do some consulting or contract work in the US, if you are a non-resident of the US, there are several things that you need to take into consideration before establishing yourself in the US.
For non-residents setting up a US company, you are required to obtain an EIN (Employer Identification Number), pay all the taxes and other due tax, file paperwork with the IRS and state authorities. It is possible to do this yourself but it is highly advisable that you have an accountant handling it for you at least in setting up your LLC or corporation.
Creating a US company as a non-resident can be a complex and expensive process. You have to meet strict guidelines and make sure you do everything right. It is fortunate that there are Braj Aggarwal, CPA, P.C. Firm Who know how to set up a US company within the US tax, legal and economic framework.
