If you are thinking about establishing incorporation in a foreign country, the US might be the right choice for you. First of all, you don’t have to be a US citizen. Incorporating a business in the United States is almost identical to the procedure a US citizen would follow. This post will explore what are the benefits of incorporating in the US, residency and citizenship options possible, and what state is the best one to incorporate in.
If you are thinking about establishing incorporation in a foreign country, the US might be the right choice for you. First of all, you don’t have to be a US citizen.
Incorporating a business in the United States is almost identical to the procedure a US citizen would follow. There is no citizenship requirement for incorporating a business in the USA. Non-US citizens can start or expand their business on American soil.
However, when you cross borders; you should consider the differences in state tax laws, transportation costs, tariff/trade regulations, size and scope of your company, leases, employees, and much more. Another thing to consider while incorporating in the US is “citizenship by investment”.
Citizenship by investment means an individual acquiring citizenship in another country by investing a considerable amount of money into that country. In the US, a form of citizenship by investment is also available, which is an option to consider if you are planning to start a life for you and your family in the United States.
Foreign investors who invest $1 million or a minimum of $500,000 in areas with high unemployment rates may be granted conditional permanent residency by the USCIS (US Citizenship and Immigration Services), along with their spouse and unmarried children under 21. Also, a maximum of 10,000 visas per year may be granted to qualified entrepreneurs as well.
Delaware is considered the most reliable state in which to incorporate or form LLCs. Incorporating in Delaware has many advantages; here are a few things you need to take into consideration:
1. The Delaware court system is reliable and highly respected.
Delaware’s’ laws are generally business-friendly, and, unlike other states, it has a separate and specific Court of Chancery that hears cases about corporate law. Chancery judges generally have a background in corporate law; therefore, they can decide cases relatively in a quicker manner, without the need for a jury presence. Delaware’s corporate laws are fair, consistent, and easy to interpret. These predictable laws allow corporations to evaluate the probable outcomes of litigation or the advisability of settling a case. Let us remind you that most Fortune 500 companies are incorporated in Delaware, largely because of the state’s premium justice system.