Nowadays, there are more and more cross-border enterprises going to the sea, and the United States as the world's largest consumer market, many Taiwan merchants have chosen the United States as the first stop of cross-border gold digging. However, the business environment in the U.S. is relatively complicated, and a series of issues such as tariff barriers, platform rules, complicated taxes, and consumer trust have become the first step for cross-border enterprises to face the hurdles of going overseas. Today, we will help you comprehensively sort out the first step of registering a U.S. company, where should you choose the place of registration?
Comprehensive comparison of the 7 most popular places of registration, so as to minimize detours and avoid stepping on the pitfalls!
The United States is a federal state. The 50 states of the United States are like 50 small countries, each with its own laws and regulations, each with its own management methods, and each with its own business environment. It is necessary to consider the company's main business and the characteristics of each state in order to arrive at an optimal solution.
Top 7 Places to Register in the U.S:
01. Delaware
Recognized as the corporate capital of the world, the majority of publicly traded companies on the New York Stock Exchange and 60%+ Fortune 500 companies are incorporated here; due to the low tax burden and many incentives. For startups and cross-border e-commerce companies, Delaware is the state of choice for manufacturing, IPO financing, finance, tourism and more!
Key Benefits:
No sales tax, inventory tax, value-added tax, or intangible assets tax.
○No corporate income tax if you do not operate locally
○"Tax Haven", the first place for U.S. listed companies to set up their business.
02, Nevada
Suitable for travel and storage of goods, and no business in the U.S., no federal income tax is due.
Key Benefits:
○ Zero state tax, no corporate income tax, no personal income tax, no estate tax
○The Internal Revenue Service (IRS) does not exchange company data.
03, California
The first continent of the United States, the second international financial center, is the state with the largest number of Chinese in all states, so many Chinese companies to set up branches in the United States, out of labor cost considerations, will choose California, because it is convenient to hire Chinese workers. Suitable for Internet, 3C, IT, industrial, education, petroleum, electronics, film and television industries.
Key Benefits
○Highly recognized by Chinese and economically developed
○No restriction on the scope of business
○Freedom of company name
04、New York State
The nerve center and economic heart of the United States, incorporating in New York can bring a lot of business convenience, suitable for financial, commercial, industrial, art, apparel and other industries.
Key Benefits
○ Biennial audit
○New York State is the world's financial center and the largest port in the U.S., the Port of New York, which is conducive to the financial and foreign trade industries.
05. Colorado
It is the state with the lowest registration cost among all the states in the US. For customers who do not actually operate in the U.S., there is no need to consider opening an account, tax burden, address and other issues. Customers who simply want to register a U.S. company to enhance their company image and do brand packaging can choose the U.S. company in Colorado.
Key Benefits
○Low registration price and simple management
○ No fixed state tax
06, Washington
Washington is a state with a strong agricultural and forestry industry, as well as manufacturing and high tech industries, making it a great place for manufacturing, high tech, international trade, and more.
Key Benefits
○ Zero state tax, no interest tax, dividend tax, or capital gains tax
○ Electricity resources are abundant and very cheap, so the manufacturing industry can operate at a lower cost.
07. Texas
Applicable to high-tech research and development, medical and health care, marine science and technology, or agricultural by-products industry, etc., with some areas exempted from sales and use tax.
Key Benefits
○ Zero State Tax
○Small and medium-sized enterprises with a large population suitable for on-site operations
It is worth noting that there are several other aspects that are usually considered when registering a U.S. corporation:
1: Which state is the best fit for the industry the company is in?
2: Which state has the most favorable tax rates for your industry?
3: States with low registration fees
4: Registered operating costs and other cost issues
5: Whether registration is convenient for subsequent management
6: The actual place of business of the company
7: Visibility of Registered Premises
8: Whether there is a limit to the registered share capital
9: Considerations for Bank Account Opening
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