Introduction: A Client’s Ambition to Enter the US Market
An entrepreneur from the Middle East, residing in the European Union, approached us with a bold vision. They wanted to expand their successful dietary supplements and food products business into the United States. The goal was to sell on Amazon US, which required establishing a local company and opening a bank account.
The client faced significant challenges due to unfamiliarity with US corporate, tax, and other legal requirements. They needed expert guidance to navigate the complexities of registering a company in the USA. That is where we stepped in to offer our support.
Understanding the Challenges of US Company Registration
Entering the US market is a substantial undertaking, especially for those unfamiliar with local laws. The client was uncertain about the procedures for setting up an LLC, tax obligations, and compliance with federal and state regulations. They also faced difficulties in opening a bank account, which is essential for operating on Amazon.
Furthermore, attempts to open accounts with US fintech companies had been unsuccessful. Applications were declined, possibly due to the founder’s age and limited credit history. The client needed a solution that would overcome these obstacles and enable their business expansion.
Our Strategic Approach to Overcoming Legal and Regulatory Hurdles
We began by providing comprehensive consultations on US LLC taxation and the rules concerning permanent establishments. Our team explained the process of obtaining foreign qualification in other states and outlined the timelines for submitting various reports at both federal and state levels.
Understanding the importance of local employment, we advised on hiring a US citizen as an employee. We clarified the requirements for withholding necessary payments from wages to ensure full compliance with labour laws. This strategic approach addressed the client’s lack of familiarity with US legislation.
Successfully Establishing the LLC and Opening Bank Accounts
Our experts facilitated the establishment of an LLC in a suitable state, completing the process within two weeks. We managed the change of the LLC’s founder to align with the client’s preferences and legal considerations.
Recognising the challenges with US neobanks and payment systems, we submitted several applications on behalf of the client. Despite initial refusals, we persevered and eventually secured a bank account through an international payment system with a presence in the USA. This solution provided the client with the essential financial infrastructure for their business operations.
The Results: A Fully Operational US Company Ready for Amazon
Within a total timeframe of three to four weeks, the client had a registered LLC in the USA with a functioning local bank account. They gained a comprehensive understanding of their obligations at both the state and federal levels.
Equipped with this knowledge and the necessary legal and financial structures, the client was ready to launch their products on Amazon US. The successful expansion into the US market marked a significant milestone for their business.
Insights and Lessons Learned from the Process
This experience highlighted the importance of expert guidance when navigating foreign legal systems. Understanding local corporate and tax laws is crucial for a smooth business expansion. Our client’s journey demonstrates that perseverance and the right support can overcome even the most challenging obstacles.
For entrepreneurs looking to expand internationally, partnering with knowledgeable professionals can make all the difference. It ensures compliance with local regulations and sets the foundation for long-term success.
Empower Your Business Expansion with Our Expertise
If you are considering entering the US market and need assistance with company registration and compliance, we are here to help. Our team offers tailored solutions to meet your specific needs.
Discover how we can facilitate the establishment of your company in the USA and provide ongoing support. Visit our page on company registration in the USA to learn more about how we can assist you.