Reporting Requirements for Foreign-Owned Companies in the USA

Reporting Requirements for Foreign-Owned Companies in the USA

Blog
Por Diego Alarcón, Partner de Markentry USA Form 5472 Incorporating a company in the US is a decision that should not be taken lightly since it entails a high degree of responsibility for those who own it, an underestimated issue in most cases if an advisor is not available.  When a foreign person or legal entity plans establishing a company in the US they soon discover (1) the possible legal and economic advantages of operating in the US, (2) that the creation procedure is relatively simple and (3) that the operating cost is also relatively low. In many cases this leads to the immediate decision to establish a company on American soil. A frequent decision is to establish companies in the states of Delaware, Florida, Wyoming or others with supposedly…
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How to open a company bank account in the US as a non-resident?

How to open a company bank account in the US as a non-resident?

Business
One of the first steps that foreign companies must take when launching their business in the US market is to open a bank account. This can be complicated when the company does not have employees residing in the country or does not have a permanent physical address, something that happens frequently at the beginning of an internationalization project and even in later phases. Many foreign-owned US companies are permanently managed by non-resident staff, with occasional support from a local representative.  The availability of a US bank account is of great importance for multiple reasons: It will make it easier to get local services and be paid for sales. For example, some online markets require the availability of a bank account in the US.It is an essential element when trying to…
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