Breaking into the United States market can be a rewarding venture for many foreign businesses. Because U.S. citizenship and residency are not required, foreign nationals are able to start or expand on U.S. soil without experiencing much more red-tape than an American-born business owner would.
Steps to Starting Up a Foreign Business in the United States:
• Foreign business entities are incorporated at the state level in the U.S. The process will vary from state-to-state, but generally involves two steps: applying to register in that particular state, and establishing a registered agent with a valid address in that state. A registered agent can be either the business owner or another person who is authorized to receive legal papers on behalf of the business, such as an attorney or secretary.
• Prior to establishing a business in South Florida, we recommend that you have a CPA firm provide you with tax planning and estate planning services, especially if you are considered a high net worth individual. This will protect you in the event that you elect to become a United States citizen later or send more employees to the United States.
• Establish a relationship with a CPA Accounting Firm certified with the state of Florida that provides international tax services, particularly if you conduct business in more than one country already.
Why Businesses come to the United States?
• USA population of over 320 million.
• Largest national economy.
• Stable and growing economy.
• Technology leader in computers, medicine, and aerospace.
• Stable governmental system
And fortunately, Florida does not have a state income tax like most of the other states in the United States.
If you like assistance establishing your business in the South Florida area, Canner Brody and Yan is a Florida Certified CPA Firm. We have been operating for over 65 years and have offices in downtown Miami near the Financial District and Miami Lakes. Simply call our Managing Partner, Andrew Brody, at 305-231-2150.