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Frequently Asked Questions

Can a non-US citizen open a company in the US?
Yes, definitely but would need the services of a professional to do the same.

Do we need a US visa or a partner to open a company in the US?
No, it is not required.

Do we have to visit the US physically to open a company there?
No, your physical presence is not required. We can do it at the comfort of your home or office.

When we register a company in the US, is it at the federal or state level?
All business entity registrations in the US are at a state level.

Are you a government-approved agency?
No, we are not. There is no concept of government approval agencies for company registration.

What difference does it make if I incorporate in one state to another?
Each US state is governed by its own constitution, so there are differences in documentation required, timeline, fees, state taxes, compliance, yearly filing protocols, dates and so much more.

Is it very complicated to run a company in the US?
To outsiders, it looks so. But there are many professionally organized companies likes ours which can ensure total compliance and take care of all the complexities on your behalf.

We do not have to pay any upfront or advance money for US company registration. Is it true?
Yes, it is right.

When do we have to pay your fees?
You pay us only after your company incorporation is done and documents given to us. You will get an invoice after this, and it should be paid within two days.

Your US Biz Incorporation fees are the same for all states?
Yes, it is because we have standardized our processes, so that you do not have to worry about any cost rise irrespective of your choice of state for incorporation.

Do you take care of all incorporation-related compliances?
Yes, we do.

Do you provide other ancillary services like accounting, book keeping, tax filing?
Yes, we do.

Is your team available 24/7?
Mostly, but due to the current nature of the situation around us, there could be situations where our customer service is not available right away.

Do you pay referral fees?
Yes, we pay a referral fee of $100 for every successful lead submitted by a referrer.

Do you help in opening a US business bank account too?
Yes, we can help you with this.

Can you give client references for whom you have opened US entities before?
Yes, definitely. Please get in touch with us, and we will be happy to provide you.

Are there any discounts to the fees?
We generally do not offer any discounts but sometimes, on a case by case basis, we do. Please get in touch with us to know more.

Which is better - LLC or INC?
It differs on a case by case basis. Only after receiving full information of your requirement and situation, can this be decided.

Do you incorporate in other countries too?
Yes, NYBACS can incorporate business entities in any country in the world.

GENERAL

What are the benefits of incorporating a company?

There are many benefits to incorporating a company, including:
● Limited liability: Shareholders are only liable for the debts and liabilities of the company up to the amount of their investment.
● Perpetual succession: The company continues to exist even if the shareholders or directors change.
● Separate legal entity: The company is a separate legal entity from its shareholders and directors.
● Tax benefits: Companies may be eligible for certain tax benefits, such as lower tax rates or tax credits.
● Access to capital: Companies may find it easier to raise capital than sole proprietorships or partnerships.

What are the different types of companies that I can incorporate?

The different types of companies that you can incorporate vary from country to country. However, some common types of companies include:
● Private limited company
● Public limited company
● Limited liability partnership
● Sole proprietorship
● Partnership

Which type of company is most suitable for my business?

The type of company that is most suitable for your business will depend on a number of factors, such as the size and structure of your business, your liability preferences, and your fundraising needs. You should seek professional advice to determine the most suitable type of company for your business.

What are the steps involved in incorporating a company?

The steps involved in incorporating a company vary from country to country. However, some common steps include:
● Choosing a company name
● Appointing directors and officers
● Drafting and filing articles of incorporation
● Paying registration fees
● Obtaining the necessary licenses and permits

How long does it take to incorporate a company?

The time it takes to incorporate a company varies from country to country. However, it typically takes a few weeks or months to incorporate a company.

How much does it cost to incorporate a company?

The cost of incorporating a company varies from country to country. However, it typically costs a few hundred or thousand dollars to incorporate a company.

UNITED KINGDOM

What are the requirements for incorporating a company in the UK?

To incorporate a company in the UK, you must:
● Choose a unique company name
● Appoint at least one director who is over the age of 16 and not disqualified from acting as a director
● Appoint a company secretary who is a resident of the UK
● Register the company with Companies House

What are the different types of companies that I can incorporate in the UK?

The different types of companies that you can incorporate in the UK include:
● Private limited company
● Public limited company
● Limited liability partnership
● Sole proprietorship
● Partnership

Which type of company is most suitable for my business?

The type of company that is most suitable for your business will depend on a number of factors, such as the size and structure of your business, your liability preferences, and your fundraising needs. You should seek professional advice to determine the most suitable type of company for your business.

What are the ongoing compliance obligations for companies in the UK?

Companies in the UK must comply with a number of ongoing obligations, such as
● Filing annual returns with Companies House
● Holding annual general meetings
● Maintaining accurate financial records
● Paying taxes

FRANCE

What are the requirements for incorporating a company in France?

To incorporate a company in France, you must:
● Choose a unique company name
● Appoint at least one director who is over the age of 18 and not disqualified from acting as a director
● Draft and file articles of association (statuts) with the Registry of Trade and Companies (RCS)
● Pay registration fees
● Obtain the necessary licenses and permits

What are the different types of companies that I can incorporate in France?

The different types of companies that you can incorporate in France include:
● Société à responsabilité limitée (SARL)
● Société par actions simplifiée (SAS)
● Société anonyme (SA)
● Entreprise individuelle à responsabilité limitée (EIRL)
● Société civile (SC)

Which type of company is most suitable for my business?

The type of company that is most suitable for your business will depend on a number of factors, such as the size and structure of your business.

NETHERLANDS

What are the requirements for incorporating a company in the Netherlands?

To incorporate a company in the Netherlands, you must:
● Choose a unique company name
● Appoint at least one director who is over the age of 18 and not disqualified from acting as a director
● raft and file articles of association (statuten) with the Chamber of Commerce (Kamer van Koophandel)
● Pay registration fees
● Obtain the necessary licenses and permits

What are the different types of companies that I can incorporate in the Netherlands?

The different types of companies that you can incorporate in the Netherlands include:
● Besloten vennootschap met beperkte aansprakelijkheid (BV)
● Naamloze vennootschap (NV)
● Eenmanszaak
● Vennootschap onder firma (VOF)

Which type of company is most suitable for my business?

The type of company that is most suitable for your business will depend on a number of factors, such as the size and structure of your business, your liability preferences, and your fundraising needs. You should seek professional advice to determine the most suitable type of company for your business.

What are the ongoing compliance obligations for companies in the Netherlands?

Companies in the Netherlands must comply with a number of ongoing obligations, such as:
● Filing annual returns with the Chamber of Commerce
● Holding annual general meetings
● Maintaining accurate financial records
● Paying taxes

SINGAPORE

What are the requirements for incorporating a company in Singapore?

To incorporate a company in Singapore, you must:
● Choose a unique company name
● Appoint at least one director who is over the age of 18 and not disqualified from acting as a director
● Appoint a company secretary who is a resident of Singapore
● Register the company with the Accounting and Corporate Regulatory Authority (ACRA)

What are the different types of companies that I can incorporate in Singapore?

The different types of companies that you can incorporate in Singapore include:
● Private limited company
● Public limited company
● Exempt private company
● Sole proprietorship
● Partnership
● Limited liability partnership

Which type of company is most suitable for my business?

The type of company that is most suitable for your business will depend on a number of factors, such as the size and structure of your business, your liability preferences, and your fundraising needs. You should seek professional advice to determine the most suitable type of company for your business.

What are the ongoing compliance obligations for companies in Singapore?

Companies in Singapore must comply with a number of ongoing obligations, such as:
● Filing annual returns with the Accounting and Corporate Regulatory Authority (ACRA)
● Holding annual general meetings
● Maintaining accurate financial records
● Paying taxes

Have any questions? info@gmail.com 66 Nicholson St Buffalo New York US 1 800 232 3485

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New York Business Advisory & Corporate Services Inc. is a NY-headquartered Global Business Advisory and Corporate Services company with presence in multiple geographies. We offer Business Advisory, US & Global Business Incorporation Services, Factoring, and Cross-Border Payment Solutions to clients globally.

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