USA needs little introduction as its news is beamed daily all over the world. It is the world’s largest economy and has been for well over a century, although China is catching up. The US economy is characterized by high average incomes, a large population, capital investment, low unemployment, high consumer spending, a relatively young population, and technological innovation.
Although it is known for being a litigious society, USA is still a good place to start a business and offers many advantages.
It is the only country in the world that taxes its citizens on their worldwide income, even if they do not live there – so from this point of view its tax burden is very considerable.
As an offshore centre, the United States collectively is one of the largest in the world. Many foreign-owned businesses own LLCs in the USA that are tax transparent, meaning that if there is no USA income nor US partners, they are not required to pay tax in the USA.
The USA has come under criticism for offering privacy, with the states of Delaware and Wyoming being the ones where least information is required. It has also been possible to set up companies in the USA without any anti-money-laundering or identity checks. However, recent legislation introduced at the end of 2020 now requires beneficial ownership registration.
In terms of banking, the US banking sector has opened up a lot in recent years and it is now possible to open virtual USA bank accounts online.
Offshore Pro Group in UAE offers:
For further information on Offshore Pro Group services in the United States, please contact us today!
We will be happy to assist you in opening a company with a bank account in the United States of America without leaving home. The offer should look especially attractive in the times when the freedom of movement is limited severely.
An IT company in the USA […]
We invite you to apply for the following service package: register a Limited Liability Company in the USA, establish a bank account for it and sign up for PayPal and Stripe online payment platforms. You can do everything of the above without leaving the comfort of your home […]Read more