Can a non-immigrant start a business in the USA?
Yes, a non-immigrant can start a business in the USA (United States). United States laws grant a non-immigrant the right to establish and own a business organization without obtaining permanent residency or citizenship to capitalize on the country's enormous economic opportunities. Many foreign entrepreneurs find it perfect to set up an LLC or C-Corp, as these business structures provide limited liability, flexible taxation, and the possibility of attracting investment.
The first thing to do is to choose a state of registration. Each state has its set of rules and regulations, tax structure, and business climate; some are deemed more business-friendly compared to others. Delaware, Nevada, and Wyoming remain some of the most popular states for such purposes, whereas other states, like New York and California, may be preferable if regional markets are targeted. Once you have decided on the state of formation, filing of the formation documents with the Secretary of State should be done, such as Articles of Organization for LLCs or Articles of Incorporation for C-Corps. You will also need to find a registered agent based in the USA who will be responsible for receiving official correspondence on behalf of the business and ensuring that local regulations are followed.
Another important factor is obtaining an EIN from the IRS. This tax ID is generally required to open a bank account in the USA, for hiring employees, and for filing obligations with the IRS. While many of the banks require the presence of the business owner in the USA to open an account, several of them and fintech companies offer remote accounts to foreign entrepreneurs.
Though no visa is needed for the establishment, the conduction of the business may require a business or investor visa in the USA. Consultations with tax experts will be helpful, too, for understanding how all the obligations related to taxes could be met in the USA.
Meanwhile, foreign entrepreneurs will gain experience in organizational planning, financial budgeting, and market strategies at One IBC USA, which offers comprehensive services in these areas for gaining a trustworthy presence and prosperous development in the USA market. Rich global experience and a human-centric approach allow One IBC USA to help businesses grow in a competitive landscape.
