LLC company incorporation in US can have a lot of benefits. SAAS based startups can easily be setup in US even if you are a non-resident by following certain simple steps:
- Simple company incorporation in states like Delaware, Nevada with low incorporation fees.
- The total fees of LLC setup can be broken up into the local lawyer fees, the incorporation fee and the registered agent fee.
- It is important to have a unique EIN (Employer ID Number) before business set-up. It is a tax-number which can be received easily through phone call by filling an EIN form at less than 5 dollar cost.
- US Physical Address where you receive all business documents need to be filled in and submitted to the authorities.
- A US business bank account needs to be operational before your business is up and running.
- US phone numbers for your company need to be acquired. A merchant account for payment gateway is also mandatory for all online transactions.
How to incorporate LLC with bank account in US if you are a non-resident?
- You can open a bank account for your LLC by simply travelling to the US. However, the bank account should be of the same location as your registered office address.
- US Bank called the Wells Fargo is extremely foreigner friendly. They open accounts for non-residents without an SSN or ITIN. All you have to do is call them ahead of time and inform them about your status.
- The mandatory documents you require are:
- LLC approval certificate
- EIN verification letter
- LLC operating agreement
- Foreign passport and driving license for identification