Bank Account for your US Company (LLC, Corporation or Non Profit)
As non US resident, One of the most Important procedure that you will need to do for your new organization in USA is to begin a account with regional bank. It seems simple, it should be easy… but it is not. Actually, sometimes it can experience like certain checking companies go out of their way to create it difficult!
Once you have registered your US LLC, Corporation or Non-Profit Organization, you may need a Business Bank Account for your US Company. The US law doesn't require you to open a bank account for your US Company. However, it is recommended that you have a separate bank account for your US business, apart from your personal assets and your local business.
A non US resident business bank account for your USA incorporation is a service we provide with the following options:
- US Bank Account:
After your LLC formation or US incorporation, you can open a bank account for the company with the LLC's documents and the TAX ID number received from the IRS.
Under the U.S. Patriot Act, any U.S. bank must put into place reasonable steps to identify beneficial owners of bank accounts and therefore the bank will ask the authorized signer and beneficial owner of the account to identify him/her self in person at the bank. That means a Travel to USA.
However, there is an exception and that is Opening a US bank account for a Technology Company. That can be done online, without having to come and identify in the bank If you LLC or INC follows the bank's criteria:
(a) Registered Patent for a unique technology / software / internet platform the company has developed and own as an Intellectual Property (IP)
(b) The company is backed by Venture Capital Funding and plan to go public or have a new financial round (fund raising).
2. USD Offshore account:
Although it seems to be a secondary solution to those having problems coming to the US for identification at the US Bank, an offshore account has a lot of benefits.
(a)You may open the account remotely without coming physically to the bank.
(b) An offshore bank account is not subject to US banking laws.
What bank Services will your US Company receive?
a. Online banking system that allows you review and manage your bank transactions
b. Incoming and outgoing Wire transfers
c. Incoming and outgoing International Wire transfers
d. Debit / Credit card to the owners
e. Check book and online billing capabilities
f. Customer Service and personal banker
What Documents will you need to open a BANK ACCOUNT?
1. Valid Passport (account signer)
2. Proof of Address (account signer)
3. Certified Articles of Incorporation / Formation*
4. Bylaws / LLC Operating Agreement*
5. EIN Confirmation Letter*
6. US Business Address*
7. Utility Bill
*if you incorporate your US Business with Globes America, we will provide items 3-6.
You will need to notarize the above mentioned documents.
Globes America™ assists International Entrepreneurs, Non-US-Residents and Non-US-Citizens in opening a Business Bank Account and other banking solutions for their US Companies since 2006.We work with first class Banks which offer comprehensive banking solutions to US Corporations and US LLCs owned by Non-US-Residents. We offer our Bank Account Introduction & Submission in two levels: 1) US Business Account 2) USD offshore Business Account for US LLC / Corporations.
About the Author
Globes America is a USA Limited Liability Company provides a complete solution of Accounting and tax service, bank account for non US resident and US merchant account with 24/7 live assistance from our professional Expert team towards your business problems.