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setting up a company in the USA (by a foreigner)

We're thinking of establising a branch or a new company in the USA

         

ITcameleon

4:46 pm on Apr 23, 2003 (gmt 0)

10+ Year Member



Hi.
Does anyone know if it's possible to establish a branch or a company in the USA and run it "remotely"? We intend to pay taxes etc. We'd just need to be able to issue US invoices for some of our customers.
Regards,
Lucas

P.S. Does anyone know of any countries where you can establish and run your company remotely? Thanx in advance.

gopi

1:38 am on Apr 24, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



You can do it ITcameleon....

Just set up a Delaware LLC . You can find a lot of companies online to help you incorporate , they can also help you to open a US business bank account and Federal Tax ID ...

I believe you have to pay taxes if your revenue comes from US sources

madmal

2:58 pm on Apr 24, 2003 (gmt 0)

10+ Year Member



Which is the best state to form one in?

Which state has the lowest taxes?

Where is info site on state taxes ect?

Any other info?

I am not from the states so these could be dumb questions

ITcameleon

3:09 pm on Apr 24, 2003 (gmt 0)

10+ Year Member



MADMAL

I'm not from the USA neither but gopi wrote about Delaware - this is the state name. A LLC is a Limited Liability Company. Have a look at [webmasterworld.com...]
You will find detailed info there.
Regards,
Lucas

gopi

3:15 pm on Apr 24, 2003 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



madmal , To avoid state taxes its best to incorporate in no income tax states like Delaware , Nevada , Florida , Texas etc...

Delaware and Nevada are currently the most popular ones amoung offshore businesses ...if anonymity is also your concern Nevada is the best ...

Also note non-us residents cannot form " S Corporations " ....but practically thats not a problem as non-residents dont have to pay Self Employment taxes ( the main advantage of S corporation is reduction of Self Employment taxes )

But wherever in US you incorporate you have to pay the Federal portion of income taxes (if income comes from within US )