Globalfy

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Frequently Asked Questions

Business Formation

Do I need to go to the United States to register my company?

No, the entire process takes place online and is completely secure. We carry out all processes within the requirements and formalities of government agencies. We don’t take shortcuts!

Will I be able to open my bank account remotely?

Yes, we’ve created a solution to assist foreign entrepreneurs in opening a bank account in the United States without having to be physically present in the country.

Please keep in mind that we cannot guarantee that your account will be opened; nonetheless, our clients have a success rate of over 95%!

Our experts will also be available to provide instructions and help throughout the process.

Do you offer accounting services?

Yes, but only for technology, e-commerce, and international trade companies. Learn more about our Accounting and Tax Services in the United States.

What else will I need to invest in after my business is open?

There is no single answer to this question, but we do have some common possibilities: Sales Tax, if you trade in physical products, which you can issue for free on the state website or pay $200 for us to do for you; a Business Permit for your county and city if you have your own physical office, usually around $100 to $200 annually; and an ITIN if you do not have a SSN, which is $250 per member.

What payment methods do you accept?

Your invoices will always be indexed in dollars and can be paid via credit card.

Bank Account

Is an SSN required to open my bank account?

No, we accept entrepreneurs based in the U.S. and abroad. You can apply for a Bank Account without an SSN or ITIN. However, at this time, we cannot accept companies that have partners with nationality from the following countries: Belarus, Burundi, Central African Republic, Cuba, the Democratic Republic of the Congo, Iran, Iraq, Lebanon, Libya, Nicaragua, North Korea, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, and Zimbabwe.

What documents do I need to apply?

You need to have an LLC or Corporation entity established and active in the U.S. and provide your state registration document, EIN letter, U.S. address, and a valid passport or American Driver’s License for all company members that control over 25% of the company.

Do I need to travel to the U.S.?

Absolutely not! Globalfy is a banking solution with no branches. The process is completed directly through our website.

What industries do you serve?

At this time, we only provide banking services for Ecommerce, D2C Brands, and Online Sales of Physical Products; startups, SaaS, Technology Services Providers, Marketing Services Providers, Freelancers, Online Services, and Digital Goods; or companies established to manage investments in the U.S. stock market.

More banking frequently asked questions

Virtual Address

Here is how it works:

  • You have your own unique address
  • You can use the address to register your company or open a bank account
  • Receive your correspondence
  • We can do the opening and scanning, or we can resend it to you anywhere in the world
  • You have access to your online correspondence

How will I have access to scanned documents?

Whenever new correspondence arrives, it will be scanned and made available as a PDF in our online system.

Can I receive packages at my address?

We do not accept orders for your company. The Virtual Address Service aims to provide a fiscal and official address for receiving correspondence, opening a bank account, opening a company, etc. If you also need a warehousing and sales/order processing service, check out our Logistics Services.

Bookkeepping

Am I required to hire the accounting /bookkeeping service for my company?

No! You have the possibility to make the controls and declarations yourself. However, this may not be a simple function for those who are 100% focused on developing their business and have no knowledge of American legislation.

Are there any setup fees?

If you have not completed your company registration process with Globalfy, there is a $199 setup fee.

What are the ways to contact my account manager?

You can talk to our entire team via email, Google Meet, or phone.

What is the term of my contract with Globalfy?

Your contract will be quarterly.

What annual investments do I need to make to keep my business going?

  • Income Tax Return of the company and partners or shareholders
  • Renewal of the company in the state (Annual Report/Franchise Tax)
  • Estimated Tax/Withholding on quarterly profit

Fulfillment

Do you prepare products purchased at auctions?

Yes, as long as they are new products and you provide us with a packing list of what is being sent to our warehouse. We do not work with used products and if the auction site does not send you a packing list, we charge $ 60/hour to inventory the items.

Do you develop special projects for my operation?

For sure. Contact our experts who will develop a project that meets your needs.

Is there a minimum billing amount?

Yes, the minimum monthly amount is $250 excluding shipping and packaging costs. This is necessary so that we can keep the staff, structure and systems ready for your needs.

Do you offer packaging? Can I use own/custom packaging?

Yes, we stock dozens of different packages at your disposal. If you wish to use your own/custom packaging there will be an additional handling charge of $0.20 per order.

Need Help?

We are available to help you start your business in the united States.

Need Help?

We are available to help you start your business in the united States.

Want to start a business or already have a company?

Globalfy is the perfect solution for you!
Business Formation

All you need for a simple fee per year of $599

Bank Account

With Instant Access to Visa debit cards

Business Address

1 year of U.S. Business Address