If a client plans to register a company in the U.S.A. to conduct business within the U.S.A., the company will be treated as an American taxpayer and will pay taxes like American companies, i.e., state and federal income taxes, sales taxes, and potentially other taxes and fees (depending on the type of business activity). The company will need to keep accounts according to U.S. accounting principles. Due to the restrictive legal regulations of U.S. banks mentioned on our website regarding opening bank accounts for companies whose owners are individuals not American taxpayers and not residents of the U.S.A., the process of opening a bank account for such companies is not as simple as for American companies.

American banks must know their customers and be convinced that their clients do not risk violating legal regulations imposed on them by federal and state law. Because the cost of preparing legal documents by a law firm needed to register and establish a company in one of the U.S.A. states is significant, to avoid the risk of incurring the cost of registering a company without potentially obtaining a bank account, we recommend setting up a bank account in the U.S.A. first by an individual (or individuals), who will be the future owner of the company in the U.S.A. Thus, if the bank verifies this person positively and opens their account, this person will have a high probability that the bank will also open a bank account for this company. In case of a negative decision regarding opening a bank account, banks are not required to provide a reason for refusing to open a bank account.

Benefits for companies registered in the U.S.A. (and their owners) that conduct business in the U.S.A. and have accounts in U.S. banks:

• The ability to accumulate capital in the company’s account or accounts in U.S. dollars.
• Access to capital markets – 60% of companies by equity value are in the U.S.A.
• The possibility to go public in the U.S.A. (i.e. sell shares of the company in the U.S.)
• The ability to apply for business financing in American banks and financial institutions.
• Maintaining accounting records according to U.S. accounting standards (very important when applying for financing in banks, financial institutions, and in relations with investors in the U.S.A. and abroad), namely, the so-called U.S. GAAP (United States Generally Accepted Accounting Principles).
• Legal protection of private property guaranteed by U.S.A. law and the state law of the particular state (for example, Delaware, Nevada, and others).
• Transforming the company’s image from a local to a global company and the potential increase in company revenue caused by this.
• Potential tax benefits.
• Opportunities to invest earned and deposited money in American banks on U.S.A. stock exchanges and in federal, state, and municipal bonds, as well as in other financial instruments and business ventures.
• Opportunities to invest in U.S.A. real estate and companies.
• The possibility of obtaining permanent residency rights in the U.S.A. or potentially U.S.A. citizenship.
• Business development in the U.S.A. market and other markets.
• Other benefits not listed above.