Foreign business owners might establish a new company or buy an existing one to launch their venture in the US. The price of starting a new business might vary from $500 to $1,500, depending on the state in which you decide to incorporate your enterprise. Additionally, you can apply for an E-2 visa, which requires a sizeable investment in a US company, if you wish to get a visa to work in the US. How Much Investment Do You Need to Make to Get a Green Card?
You must spend at least $1,800,000 in a business that provides at least ten full-time jobs for US citizens in order to qualify for a green card through investment. The minimum investment drops to $900,000 if you decide to invest in a rural or high-unemployment area known as a Targeted Employment Area (TEA). How Much Taxes Do You Pay for a Small Business?
In the US, municipal, state, and federal taxes all apply to small enterprises. Depending on how much money the business makes, the federal tax rate might range from 10% to 37%. Additionally, many towns and states levy their own taxes on businesses, including property taxes, excise taxes, and sales taxes. As a result, the total amount of taxes a small business will pay will vary depending on where it is located and what kind of business it is. Where Can Your Business Be Registered?
You must submit the required documentation to the Secretary of State’s office in the state where you decide to incorporate your business in order to register your firm in the US. Furthermore, based on the sort of business and the region, you might need to acquire extra licenses and permits. To ensure compliance with all legal and tax obligations, it is advised to consult a business attorney or a certified public accountant.
As a result, the price of starting a business in the US varies based on a number of variables, including the state in which you incorporate, the kind of business structure you select, and the amount of investment necessary. By meeting the relevant legal and fiscal criteria, including getting a visa, registering their business, and paying the required taxes, foreign business owners can launch their venture in the US.