The USA:
• has advanced pro-business laws and regulations making it easy to start a business and form a company,
• has state of the art banking and financial access at very reasonable terms,
• has a dynamic economy,
• has a spirit of rugged individualism, and
• can offer foreigners privacy, tax reduction, and advanced asset protection.
When considering whether or not to form a company, one of the most important decisions is "where" to form it and where to operate it. The USA is pro Business. Americans pride themselves on a reputation of "rugged individualism" and do not believe that the government should get involved in things more than is necessary. Businesses face a much lower level of regulation than in other
countries. Annual reporting requirements for companies are minimal. Most importantly, the USA has an attitude that is open to new ideas and change, and is open to outsiders. Because of all this it is much easier to open and/or operate a company and establish a corporate bank account even if the company is owned by a foreign party. The costs are generally much lower, and it takes less time. And once you have a US company and bank account, in most cases you can start doing business the same day. US laws and business climate also promote Privacy and Asset Protection. When trying to obtain privacy there are only two real options: invisibility and camouflage. Invisibility, such as when you attempt to obtain total anonymity, poses real problems.
How a UK LP or a US LLC Can Solve So Many Business Problems.
Most financial experts agree that the United States is a primary location for international business. The presence of good banks, advanced infrastructure, a consistent legal system and a stable government are all characteristics of the United States that are
taken for granted.
However, many people do not realize the enormous tax benefits given to "nonresident aliens" making passive income in the United States, or earning income outside the United States and simply using the USA as their own personal "offshore tax haven."
The United States does not tax non-resident aliens for most interest income or dividend income derived from the United States. There is zero capital gains on profits from investments for non-resident aliens. There is zero tax on income earned outside the USA. Only active United States derived income is taxed. Also, various tax treaties give a United States company certain tax advantages when doing business outside the USA.
The Definition of "Resident"
One of the most important issues is that of maintaining a "non-resident" status.
Unfortunately many people confuse the immigration definition of resident with the tax definition of resident.
Under the immigration laws of the United States, a resident is only someone who has been given a permanent residence visa. But under the tax laws a resident can also be someone who has maintained a "substantial presence" in the United States regardless of
immigration status.
There is a formula that determines when someone meets the "substantial presence" test based upon the number of days they have been present in the United States for a given year and the two prior years. To be safe, the non-resident should stay in the United States no more than 182 days in any given year.
• has advanced pro-business laws and regulations making it easy to start a business and form a company,
• has state of the art banking and financial access at very reasonable terms,
• has a dynamic economy,
• has a spirit of rugged individualism, and
• can offer foreigners privacy, tax reduction, and advanced asset protection.
When considering whether or not to form a company, one of the most important decisions is "where" to form it and where to operate it. The USA is pro Business. Americans pride themselves on a reputation of "rugged individualism" and do not believe that the government should get involved in things more than is necessary. Businesses face a much lower level of regulation than in other
countries. Annual reporting requirements for companies are minimal. Most importantly, the USA has an attitude that is open to new ideas and change, and is open to outsiders. Because of all this it is much easier to open and/or operate a company and establish a corporate bank account even if the company is owned by a foreign party. The costs are generally much lower, and it takes less time. And once you have a US company and bank account, in most cases you can start doing business the same day. US laws and business climate also promote Privacy and Asset Protection. When trying to obtain privacy there are only two real options: invisibility and camouflage. Invisibility, such as when you attempt to obtain total anonymity, poses real problems.
How a UK LP or a US LLC Can Solve So Many Business Problems.
Most financial experts agree that the United States is a primary location for international business. The presence of good banks, advanced infrastructure, a consistent legal system and a stable government are all characteristics of the United States that are
taken for granted.
However, many people do not realize the enormous tax benefits given to "nonresident aliens" making passive income in the United States, or earning income outside the United States and simply using the USA as their own personal "offshore tax haven."
The United States does not tax non-resident aliens for most interest income or dividend income derived from the United States. There is zero capital gains on profits from investments for non-resident aliens. There is zero tax on income earned outside the USA. Only active United States derived income is taxed. Also, various tax treaties give a United States company certain tax advantages when doing business outside the USA.
The Definition of "Resident"
One of the most important issues is that of maintaining a "non-resident" status.
Unfortunately many people confuse the immigration definition of resident with the tax definition of resident.
Under the immigration laws of the United States, a resident is only someone who has been given a permanent residence visa. But under the tax laws a resident can also be someone who has maintained a "substantial presence" in the United States regardless of
immigration status.
There is a formula that determines when someone meets the "substantial presence" test based upon the number of days they have been present in the United States for a given year and the two prior years. To be safe, the non-resident should stay in the United States no more than 182 days in any given year.
