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?

To register a company in the USA, you don’t need to provide personal documentation, just your full name, phone number, email, and physical address. However, you will need a valid passport for the mandatory Beneficial Ownership Information Reporting form (BOI).

What is BOI?

BOI stands for Beneficial Ownership Information Reporting. It is a mandatory form introduced by the Financial Crimes Enforcement Network (FinCEN) on January 1, 2024. The BOI gathers information about the company, its beneficial owners, and applicants to prevent financial crimes, enhance transparency, and ensure the system’s integrity.

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.

Where is the virtual address located?

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

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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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.