As a non-US resident living in the Philippines, the prospect of starting a business in the United States can be both exciting and daunting. However, with the right guidance and resources, you can successfully navigate the process of registering a US business from the Philippines. In this comprehensive guide, we’ll explore the key steps and considerations to help you establish your venture in the lucrative US market.
Important things to consider when registering a US Business from the Philippines
When it comes to registering a US business from the Philippines, there are several important factors to keep in mind and we will run through them.
Choosing the right business entity
The first step is to choose the right business entity for your venture, such as a sole proprietorship, partnership, corporation, or limited liability company (LLC). Each structure has its own advantages and legal requirements, so it’s crucial to understand the implications before making your decision. You can read more on business entity types here
Register your business in your preferred state
You’ll need to register your business with the state where you plan to operate. This process typically involves filing the necessary paperwork with the Secretary of State’s office and obtaining any required licenses and permits. Additionally, you’ll need to obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) for tax purposes. Delaware and Wyoming are the more common states for US incorporation because of their specific advantages. Wyoming is particularly strong for LLCs due to its low costs and robust privacy protections.
On the other hand, Delaware is preferred for C-Corps, with strong corporate law and investor interest. More than two-thirds of all Fortune 500 companies are headquartered in Delaware.
Note: You can incorporate in any of these two states without residing in them. Norebase handles this seamlessly.
Opening a US Bank Account and Obtaining a US Credit Card
Another essential step in the process is to open a US bank account and obtain a US credit card. This will enable you to conduct business transactions and manage your finances seamlessly within the US market. We have Banking partners like Raenest who can help you create a US Bank account without you needing to step foot on United States soil.
Norebase, a leading business incorporation platform, can assist you with this process, providing a one-stop destination for starting your US business as a non-US resident.
Norebase is the go-to solution for non-US residents looking to establish a business in the United States. With our comprehensive suite of services, we simplify the registration process and ensure compliance with all relevant laws and regulations. From entity formation to obtaining the necessary licenses and permits, we don’t just guide you every step of the way, we facilitate it for just $450. This payment provides you with a US incorporation (Delaware or Wyoming), US Bank account, Employer Identification Number (EIN), and a U.S. registered address.
The first step in registering your business in the U.S. from the Philippines is to select the appropriate corporate structure. As a non-resident, you have two primary options:
Limited Liability Company (LLC): LLCs offer limited liability protection, making them a popular choice for foreign entrepreneurs. Managing an LLC for non-US residents from outside the U.S. is generally allowed, but you may need a valid work visa if you plan to manage it from within the country.
Corporation (C-Corp): Corporations provide the ability to expand by offering unlimited stock, which can be attractive to investors. While S-Corporations are often recommended for foreigners, they are exclusive to U.S. citizens and permanent residents.
Navigating the Legal and Tax Landscape
As a foreign business owner, you’ll need to familiarize yourself with the legal and tax requirements for operating in the U.S. This includes understanding federal and state tax obligations, as well as any international tax treaties that may apply. Consulting with a qualified accountant or tax professional can be invaluable in ensuring compliance. Our compliance tool AutoComply is suited to help with this.
Registering a US business from the Philippines can be a rewarding and lucrative endeavor, but it requires careful planning and execution. You can successfully navigate the process and establish your venture in the dynamic US market by understanding the key steps, leveraging the right resources, and partnering with a trusted service like Norebase.
Let’s make the journey of starting a US business from the Philippines a streamlined and hassle-free experience. Start with Norebase today and unlock the vast opportunities that the United States has to offer you.
