For the United States, the first phase has begun. The process of forming a company begins with uploading the appropriate paperwork to the ICFO portal. Our business expert will then double-check the information and papers.
Simultaneously, we attempt to register the name after checking its availability. After the name has been registered, we may go on to the third stage.
The process of preparing the AOA begins once the name has been registered. Before incorporate company in USA, the directors, shareholders, and the secretary must all sign this document. Our business adviser will keep you informed about the company registration procedure at all times.
The firm is formed when the AOA is completed, and the next step is to apply for an Employer Identification Number (EIN) in the United States.
How to incorporate a firm in the US?
There is no longer any requirement to go to the United States or be physically present in the country to register a business. Because USAIndiaCFO allows you to start and finish the procedure online in less than a week.
Several benefits exist for Indian companies wishing to grow or establish a non-resident Indian customer base in the United States.
Because of its sophisticated infrastructure, technology, and enormous natural resources, the United States, as a developed nation, is an economic powerhouse. The economy is service-oriented, with services accounting for 80% of GDP and manufacturing accounting for 15% of total production.
According to USAIndiaCFO, Indian enterprises are distinctive in investigating the American market because of their quick expansion and globalization, as well as their large English-speaking populace. Most Indian enterprises with global aspirations believe that the United States is the best choice since it has the lowest corporation taxes and well-established business rules and procedures.
Main things to look at while incorporating a company in the USA
Corporate Tax Rate – LLCs and corporations in the United States are subject to two types of corporate income taxes: Federal Corporate Tax and State Corporate Tax. The Tax Cuts and Jobs Act recently slashed the federal corporate income tax rate from 35 percent to 21 percent (TCJA).
The corporate income tax rate varies by state in the United States. North Carolina has the lowest rate at 3%, while Iowa has the highest at 12%. The corporation tax rate in Delaware is 8.7% of net profits. However, if a company is formed in Delaware but does not conduct business there, the state corporation tax will not be imposed. As a result, foreign nationals and companies intending to do business in the United States through Delaware should form a Delaware corporation.
Registered Agent – All Delaware LLCs and Corporations must have a registered agent in the state of Delaware who is responsible for receiving and processing all official correspondence on the company’s behalf. One year of Delaware Registered Agent service is included in our USA registration package.
Why is it beneficial for Indian firms to register a company in the United States?
The first advantage may be traced because company rules and regulations are well-formed, and corporate income tax rates are low, making it incredibly attractive for international businesses to invest in.
It should be emphasized, however, that each state in the United States is regulated by its own set of rules and regulations, which are radically different from one another. States with the most complimentary business and tax rules, such as Delaware, Wyoming, and Nevada, make it easier for businesses to incorporate.
Delaware, in particular, offers no state sales tax and a low franchise tax for small firms in the United States. Furthermore, non-residents in Delaware do not have to pay a separate business income tax.