hero

Registration of Company in USA New York

Request for service
США (USA)
Registration of Company in USA New York
Number of Directors
1
Corporate income tax
6,5%
Minimum authorized capital
0 USD
Financial statements
No

Cost of registration

from 890 USD

The cost of the second year

from 790 USD

The state of New York is located in the northeast of the United States of America. The administrative center of the state is the city of Albany. The motto of the state is "Excelsior" (the meaning is “Ever Upward”).

A lot of entrepreneurs know that registration of offshore company in New York  (the USA) is a sure step on the way to profitable and protected business.

The main reasons for such popularity regarding the selection of the abovementioned jurisdiction are the following:

  • economically developed region and stability in doing business;
  • effective legislation ensuring guarantees for business;
  • creating beneficial climate for entrepreneurs of all nationalities.

If you decided to register or buy company in New York and conduct business within the territory of the state, but have not yet decided on the scope of activity, then the main sectors in which entrepreneurs obtain satisfactory profits in the territory of the state are listed below:

  • Restaurant business;
  • Medical services;
  • Reconstruction, repair of constructions;
  • Trade in clothes/shoes;
  • Maintenance of vehicles.

Forms of doing business in the state of New York

In the state of New York (the USA) it is possible to register company in the following organizational and legal forms:

  • Corporation (C Corporation and S Corporation);
  • LLC (Limited Liability Company);
  • Non-profit Corporation;
  • Professional Corporation;
  • Sole proprietorship;
  • General Partnership
  • Limited Partnership
  • Representative office or branch of foreign company in the United States of America in the territory of the state of New York (there is no charter capital).

Registration of company in New York in the form of LLC (limited liability company) is the most convenient organizational and legal form for business. The foregoing organizational and legal form allows to conclude deals in accordance with the type of Corp-to-Corp.

Law&Trust International offers two variants for company registration in New York:

  1. with the services of nominee director;
  2. under direct management by the owner or his representative.

The legislation applicable to registration of company in New York.

The activities of the Limited Liability Company (LLC) in the state of New York are carried out in accordance with the provisions of the "New York State Limited Liability Company Law"adopted in accordance with the Uniform Limited Liability Company Act that is approved and recommended for adoption in all the states of the USA (as of July 14, 2006).

Company registration in New York (the USA). Basic provisions

  • Any natural or legal person can act as founder;
  • In case of a limited liability company (LLC) must publish in two newspapers a copy of the articles of organization or a notice related to the formation of the LLC;
  • The name of the company shall be ended with such abbreviation as LLC or such word combination as Limited Liability Company. The name can not include such words as Bank, Insurance, Finance, Financial, Invest, Investment, University;
  • The registration procedure takes approximately 4 weeks (company registration takes 1 week, and obtaining Tax ID - 2-3 weeks);
  • The number of shareholders is at least one;
  • The number of directors is at least one,  and citizenship of the director does not matter;
  • There are no requirements concerning the amount of the authorized capital;
  • The shares are not issued by the LLC;
  • The state register publishes the name, registration number of the company, as well as the registered address, information about the agent and the directors;
  • Information about the owners is not necessary to be disclosed;
  • According to the requirements of the law, the company should have local legal address and registered agent for obtaining documents;
  • The documents should be drafted or translated into English with  notarial certification of the translator's signature.

Company registration in New York (USA). Main stages

  • Selection of the company name. It is possible to reserve the name when paying the fee;
  • Drafting the charter of the company (or agreement of the partners if partnership formation), which will be submitted to the State Secretariat. In case of Bussines Corporation formation to submit Certificate of Incorporation;
  • Appointment of the registered agent in the state and obtaining the legal address;
  • Submission of the application for registration of the company;
  • Payment of state duties;
  • Waiting for information processing in the State Secretariat;
  • Obtaining confirmation of consideration of the application for registration of the company;
  • Procedure for obtaining Tax ID;

Bookkeeping when registering the LLC in New York

Maintenance of accounting records is required, including on foreign accounts. The company shall submit annual report every year and maintain accounting records.

Taxation of undertakings in the state of New York.

The LLC, which does not conduct business in the United States of America, does not pay taxes. The only necessary payment is the fee to the registration agent.

If the company registers its activities and obtains the Tax ID, it will be necessary to pay tax on commercial income. Since January 1, 2018, and before January 1, 2019 there are such rates of corporate income tax in New York:

 

  • Qualified emerging technology companies (QETCs) 4.875%;
  • Qualified New York manufacturers 0.0%;
  • General business taxpayers  6.5%;
  • Qualified small business taxpayers  6.5%.

The tax on capital is limited to $350,000 for qualified New York manufacturers and QETCs, and $5 million for all other taxpayers.

The following taxes and fees are also in force in the state:

  • The rate of sales tax is 8.49%.
  • Individual Income Tax equals to 8.82%
  • The license to conduct business in the state (depends on income) (License State) ranges from 25 $ and more.

Law&Trust International will register ready-made company in New York (the USA) for you within the shortest time possible. Buying company in the state of New York is now easier than ever. Registration of company in New York is one of the simplest and cheapest ways to start legitimate international business activity. Registration of companies is one of the main directions of our work.

Set of corporate documents

  • Certificate of incorporation 
  • Certification by Secretary of State of the Certificate of Incorporation  
  • By-Laws  
  • Instrument of Organization by Incorporator 
  • Page with Apostille
Register now

General information

Population
19 378 100.00
Literacy rate
99.00%
National currency
U. S. dollar (USD)
Official language
English
Credit rating
AA

Corporate information

Opportunity to purchase ready-made companies
No
Legal system
Common Law
Requirement for Local registered agent / secretary
Yes
Requirement for Local registered agent / secretary
Yes

Shares and share capital

Standard currency
U. S. dollar
The minimum amount of the issued capital
-
Bearer shares
No
Possibility to issue shares without par value
No

Taxation

VAT
No
Capital gains tax
No
Currency control
No
Withholding tax
-

Company structure

Minimum number of directors
1
The requirement for residency of directors
No
Director of legal entities are allowed
No
Director's data are publicly disclosed
Yes
Nominee service possibility
0.00

Shareholder and beneficiary

Minimum number of shareholders
1
The requirement for residency of shareholders
No
Shareholders' data are publicly disclosed
No
Beneficiary's data are publicly disclosed
No
Beneficial ownership reporting requirement
Yes

Reporting

The requirement for filing reports
Yes
Open access to reports
No
Statutory audit
No
The requirement for filing Annual Return
Yes
Open access to the Annual Return
No
The requirement for reports
Yes

When taking into account the information on this page, please refer to limitation of liability

talk

Law&Trust International offers free general consultation for this issue.

With our services you can avoid many legal concerns.

Our clients

SHARMAX
Monerchy logo
InDrive
another world
Dodo Pizza
itranslation
semrush
Светофор
Waletto
White Rabbit
БКС Мир Инвестиций
Мята Lounge
Mere
Bona Fide
Planet VPN
Adam Edelberg
Zennek
Xhand
UDS
Socksman
Ruio
Mercuryo
UMKA
Ali&Nino
Alwond Tech
Caviar Family
DI
Ermandina
Faceter
Forbury
T-rex Pig
meeple house
Magnetist
KJM
GFN
Gem Wallet
T-rex sheep
uber logo
Bitcoin Security
Alipay
AAC Group

Contact us

We will provide detailed information on how we can help you, calculate the cost and timeline.

A team of experts at your service.

whatsapp