LLC company incorporation in US can have a lot of benefits. SAAS based startups can easily be setup in US even if you are a non-resident by following certain simple steps:
· Simple company incorporation in states like Delaware, Nevada with low incorporation fees.
· The total fees of LLC setup can be broken up into the local lawyer fees, the incorporation fee and the registered agent fee.
· It is important to have a unique EIN (Employer ID Number) before business set-up. It is a tax-number which can be received easily through phone call by filling an EIN form at less than 5 dollar cost.
· US Physical Address where you receive all business documents need to be filled in and submitted to the authorities.
· A US business bank account needs to be operational before your business is up and running.
· US phone numbers for your company need to be acquired. A merchant account for payment gateway is also mandatory for all online transactions.
LLC company incorporation
How to incorporate LLC with bank account in US if you are a non-resident?
You can open a bank account for your LLC by simply travelling to the US. However, the bank account should be of the same location as your registered office address.
US Bank called the Wells Fargo is extremely foreigner friendly. They open accounts for non-residents without an SSN or ITIN. All you have to do is call them ahead of time and inform them about your status.
The mandatory documents you require are:
· LLC approval certificate
· EIN verification letter
· LLC operating agreement
· Foreign passport and driving license for identification
