Answers ready to

Solve all your doubts

Clarify some of the most frequent questions

among international entrepreneurs

Please consult our frequent asked questions

FAQ

Answers ready to solve your doubts

What documentation do I need to open a company?

You don’t need to provide documentation, just your full name, phone number, email address, and physical address.

Can I use Globalfy's services from any country?

Globalfy is not able to open bank accounts or provide business services to residents from Afghanistan, Belarus, Burundi, the Central African Republic, Congo, the Democratic Republic of the Congo, Cuba, Iran, Iraq, North Korea, Lebanon, Liberia, Libya, Nepal, Nicaragua, Russia, Somalia, South Sudan, Sudan, Syria, Yemen, United Arab Emirates, Pakistan or Zimbabwe.

What is an LLC?

LLC stands for Limited Liability Company. This legal entity helps protect your personal finances from potential issues or lawsuits against your business while avoiding double taxation. By creating an LLC, you only need to pay taxes as an individual, not at the company level.

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What is a C Corp?

The C Corp is a more formal structure that follows some specific regulations such as adopting bylaws, holding frequent shareholders meetings, and issuing stocks. In addition, it is subject to state and federal taxes at the company level, plus shareholders taxation in case of profits distribution.

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What licenses do I need in the US to provide service?

• Online businesses: You don’t need a license to provide digital services in the US.

• E-commerce: Depending on the State your business is registered in or where your inventory is, you will need a Sales Tax Registration to operate in that state. Globalfy can help you with that.

Which state should I choose?

Choosing the State based on your preferences and the business’ particularities is essential. For example, Wyoming offers the fastest formation and is one of the most affordable states. On the other hand, Florida’s usually the favorite State for Latinos, despite being more expensive than Wyoming.

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How long does it take to open my business?

The time required to register your company varies depending on the state you choose. It is also necessary to take into account the EIN processing time by the IRS (Internal Revenue Service). This process usually takes around 25 business days for entrepreneurs who do not have an SSN or ITIN.

 

Check below the deadline for the best states to open your company:

  • Wyoming: 2 business days.
  • Florida: 5 business days.
  • Delaware: More than 3 months (standard processing) or 2-4 business days (expedited services)
  • New Mexico: 3 business days.
  • Texas: 4 business days.

Can my company operate throughout the United States?

Yes! Your company must be registered in a US state, but may operate throughout the entire country!

Does Globalfy work with all types of companies?

We offer LLC and Corp formations in Wyoming, Florida, Delaware, Texas and New Mexico. We are specialized on E-commerce and Online Services companies, such as D2C or B2C Brands, Dropshipping, Software, Technology, Marketing, and Digital products. technology service providers, marketing, freelancers, online services, and digital products.

What do I need to open a bank account?

First, you will need to hire one of our plans since banking is now a feature of our business. See the benefits of having a US bank account.

You need to have an LLC or Corporation entity established and active in the U.S., as well as provide your state registration document, EIN letter, a U.S. address, and a valid passport or American driver’s license for all members of the company that controls over 25% of the business. In addition, it is necessary to have a proof of address in your home country and a website/digital presence.

Globalfy Business Account is an exclusive service offered only to our existing clients. You can access this feature by hiring any of our Plans. See our “Plans and Pricing” page to learn more.

Where is the virtual address located?

Orlando, FL. Where our offices, mailroom, and warehouse are located.

Can I have a physical debit card?

Yes, you can have physical or virtual Visa Debit Cards. The virtual debit card will be available instantly from your banking application. The physical card should be delivered in 5 to 10 business days! The card will be shipped to your US business address (if you use Globalfy’s Virtual Address, we can forward it to your home country upon request).

What payment methods do you accept?​

We accept Mastercard, Visa, American Express, and Diners credit and debit cards. Cards from outside the US must be able to do international transactions. If you’d like to pay by PayPal or wire transfer, please get in touch with us.

Our team of specialists in business, accounting and taxes in the US is ready to help your company at any time.

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Your funds are insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.

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The information offered on this site may not be considered legal advice, but information in the public domain.

Globalfy is a financial technology company and is not a bank. Banking services provided by Blue Ridge Bank N.A; Member FDIC. The Globalfy Visa® Debit Card is issued by Blue Ridge Bank N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. Your funds are insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.