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The United States of America (USA), commonly known as the United States (U.S.) or America, is a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.
At 3.8 million square miles (9.8 million km2), the United States is the world's third- or fourth-largest country by total area and just fractionally smaller than the entire continent of Europe's 3.9 million square miles. With a population of over 325 million people, the U.S. is the third-most populous country. The capital is Washington, D.C., and the largest city by population is New York City. Forty-eight states and the capital's federal district are contiguous in North America between Canada and Mexico.
2. Advantages of USA Incorporation (Delaware and Nevada are recommended)
a. Delaware’s business law is one of the most flexible in the country.
b. The Court of Chancery focuses solely on business law and uses judges instead of juries.
c. For corporations, there is no state corporate income tax for companies that are formed in Delaware but do not transact business there (but there is a franchise tax).
d. Taxation requirements are often favorable to companies with complex capitalization structures and/or a large number of authorized shares of stock.
e. There is no personal income tax for non-residents.
f. Shareholders, directors and officers of a corporation or members or managers of an LLC don’t need to be residents of Delaware.
g. Stock shares owned by persons outside Delaware are not subject to Delaware taxes.
h. Some potential advantages to forming a corporation or LLC in Nevada include:
i. Nevada has no state corporate income tax and imposes no fees on corporate shares.
j. There is no personal income tax or any franchise tax for corporations or LLCs (but initial and annual statement fees and business license fees apply).
k. Shareholders, directors and officers of a corporation or members or managers of an LLC don’t need to be residents of Nevada.
3. Documents required for USA Incorporation
a. Photocopy of passport or NRIC of directors/shareholders/the ultimate beneficiary
b. Proof of residential address of directors/shareholders/the ultimate beneficiaries
c. Registration Certificate and Constitution of Company
d. Statutory Book of Directors and Shareholders
4. USA incorporation procedures and timeline
(15-20 working days upon receiving documents)
a. Company name search (10 minutes)
b. Sign service agreement →Proceed to Payment
d. Incorporation documents submission → Signing→Document submission
5. Certification upon successful incorporation
1. Certificate of Incorporation
2. Memorandum & Articles of Association
3. Subscriber’s Appointment First Director
4. First Board Minutes / Consent To Act As Director
5. Registered Share Certificate
6. Register Of Members / Register Of Directors
7. Certificate Of Incumbency
8. Share Transfer And Resolution / Company Seal
6. Annual Return of USA Company
Every exempted company is required to file an annual return and annual Company Registry fees with the Registrar in January of each year. This will be dealt with by the registered office provider. The annual return contains a declaration setting out:
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