How incorporate a small company in USA (or canada or uk) from abroad? | Hacker News Reader

How incorporate a small company in USA (or canada or uk) from abroad?

2 pointsmamcx6 comments

I wonder how feasible is incorporate a small/single owner business from another country in USA (or UK or Canada) but virtual, so my startup can acces some services and capabilities that are only available there and requiere a legal presence. I have found some website that claim is possible and for some $$$ do it, but wonder how legitimate are they, and what kind of mess this could turn into. Exist any startup that operate this way? Any experience?

View on HN

You can just get a rented mailbox and have an agent for legal service requirements.

Form an LLC in the state of Delaware. It can pass through profits to you, but not a job: A foreign citizen may be a corporate officer and/or director, but may not work in the United States or receive a salary or compensation for services provided in the United States unless the foreign citizen has a work permit (either a green card or a special visa) issued by the United States.

easy, but more expensive way: http://www.legalzoom.com/llc-state-requirements/delaware-llc...

manual way: http://corp.delaware.gov/faqs.shtml

Apart of the incorporation fees, is necesary to pay taxes? If I open a bank in USA? But, if my bank is elsewhere?

Yes, there are taxes. One can not hide a registered corp. But with a DE corp, you can deduct some expenses from corp earnings lowering the taxes.

Ok, my real question is if the taxes apply to the money stored in a US bank account, or for all the international bank accounts (ie: all the money in both my country & usa)

A US registered company, transacting business in US banks, will be subject to US tax code. Of course there are loopholes:

http://en.wikipedia.org/wiki/Double_Irish_arrangement

Wow! This remind me of "I have the problem of create a US company to use stripe. I know Double Irish arrangement. Now, I have two problems!".

This is a serious roadblock for me... anyway...

Reply on news.ycombinator.com