The United States of America
The United States of America are a federal constitutional republic consisting of 50 states and a federal district with the capital city Washington DC. The USA occupies the central territory of Northern America between Canada and Mexico. They range from the Pacific Ocean from the west up to the waters of the Atlantic Ocean to the east. Alaska and the Hawaiian Islands also belong to the USA, together with some other Pacific territories.
INC. companies, known also as incorporated companies or C companies, are independent legal bodies owned by shareholders. They rank among the most commonly founded companies in the USA with an unlimited number of shareholders. The shareholders of C companies are obliged to submit tax declaration on company income. At the same time, the shareholders are obliged to acknowledge the profits of the company distributed among the shareholders by means of dividends as personal income, and pay taxes on them. Foundation of a C company is particularly beneficial to a European person because of the potential for anonymous assets holding in daughter companies. However, we recommend leaving US companies as sleeping, without entrepreneurial activities.
LLC is a strictly defined entrepreneurial entity, providing an alternative to the incorporated company and to the company limited. The main benefit of an LLC company is that they merge the limited liability with taxation on the level of partners. LLC companies established by USA non-residents, who do not trade within the USA and do not receive income from USA based sources are not subject to payment of federal taxes and do not have to submit an income tax return. The precondition for application of nil taxation is that the LLC company is owned by two classic offshore companies (e.g. Seychelles, Bahamas).
American companies are relatively popular in terms of international entrepreneurship. Delaware, Washington, Nevada, Florida, Wyoming and California rank among the most popular states suitable for tax planning.
Suitable conditions for international transactions:
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Legal form
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C - corporation
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LLC
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Time required to establish a company
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2-7 days
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2-7 days
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Registry of executives / shareholders
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Not accessible to public
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Not accessible to public
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Basic capital / minimum paid capital
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-
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-
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Minimum number of shareholders / executives
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1 / 1
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2 / 1
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Executives – non-residents / legal entities permitted
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Yes / Yes
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Yes / Yes
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Bearer shares / name permitted
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No / Yes
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No / Yes
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Required registered agent / address
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Yes / Yes
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Yes / Yes
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Required local secretary of the company / local General Assembly
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No / No (anywhere in the world)
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No / No (anywhere in the world)
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Submission of accounting reports / Annual report
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Yes / Yes
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No / Yes
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Obligatory audit / tax declaration
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Yes / Yes
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No / No
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Taxation of company income
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Depends on the state
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No
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Minimum yearly lump sum fee paid to the state
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Depends on the state
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Depends on the state
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Possibility to use the double-taxation agreement
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Yes
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No
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