:
registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
1240.00 USD 715.00 USD 1 6.5% 0.00 Да

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 documents
   
  • Certificate of incorporation 
  • Certification by Secretary of State of the Certificate of Incorporation  
  • By-Laws  
  • Instrument of Organization by Incorporator 
  • Page with Apostille
Nominee director and shareholder
   
  • Resolution effecting the issuing the Power of Attorney 
  • Apostilled Power of Attorney  
  • Consent Letter 
  • Resignation Letter 
  • Nominee Director’s Declaration 
  • Resolution effecting the change Director 
  • Deed of Trust  
  • Instrument of Transfer 

General information
Square141 300.00
Population19 378 100.00
CapitalAlbany
Unemployment17.60
State polityConstitution - based federal republic
Telephone code1 212
Place in the world in corruption24
locationNorth America
Climatemostly temperate, but tropical in Hawaii and Florida, arctic in Alaska, semiarid in the great plains west of the Mississippi River, and arid in the Great Basin of the southwest; low winter temperatures in the northwest are ameliorated occasionally in Janu
Literacy rate99.00%
Ethnic groupsWhite 79.96%, black 12.85%, Asian 4.43%, Amerindian and Alaska native 0.97%, native Hawaiian and other Pacific islander 0.18%, two or more races 1.61%
National currencyU. S. dollar (USD)
USD exchange rate1.00
GDP per capita12
Official languageEnglish
Credit ratingAA
The judiciaryNew York Supreme Court, New York State's 62 counties courts
Executive authorityGovernor, Lieutenant Governor
Legislative authoritiesNew York Legislature, State Senate, State Assembly
Corporate information
Opportunity to purchase ready-made companiesNo
Legal systemCommon Law
The use of the Cyrillic alphabet in the nameNo
Local registered officeYes
Organizational and Legal Formslimited liability company, limited partnership, "C" Corporation, "S" Corporation, partnership, limited partnership, sole proprietorship, joint venture and branch of a foreign corporation
Local registered agentYes
Shares and share capital
Standard currencyU. S. dollar
Information about the beneficiary is disclosedNo restrictions
Bearer sharesNo
Possibility to issue shares without par valueNo
Taxation
VATNo
Basic corporate tax rate6.5%
Capital gains taxNo
Currency controlNo
Corporate tax rates detailsFederal TAX Single Filers Tax Rate $0 – $9,5251 - 0% 9,526 – $38,700 – 12% 38,701 – $82,500 – 22% 82,501 – $157,500 – 24% 157,501 – $200,000 – 32% 200,001 – $500,000 – 35% 500,001+37%
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedNo
The data reveals to the local agentYes
Data field to the public registryYes
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerNo
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsYes
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnYes
Open access to the Annual ReturnNo
The requirement for reportsYes
Treaty on avoidance of double taxation (States which signed)68
Membership in the OECDYes
Is it offshore according to Russian legislationNo
Trademark Registration
TM Comprehensive Study TM Registration Request TM Registration Certificate Total
First Class Additional Class First Class Additional Class First Class Additional Class First Class Additional Class
81.00 81.00 508.50 436.50 0.00 0.00 589.50 517.50
«TRADEMARK» refers to «Wordmark» or «Logo»

162.00 162.00 1012.50 837.00 0.00 0.00 589.50 999.00
«TRADEMARK» refers to «Wordmark+ Logo»

Prices include all professional and official fees. If the change of official duties or exchange rates prices may vary.

In USA, if your trademark includes both a wordmark and a logo, in order to have effective protection, we need to file two separate trademark applications, one for the wordmark and another for the logo. For this reason, the price of “WORDMARK PLUS LOGO” is double. In USA, you can file a Trademark Application with no commercial use. However, at the moment of registration, the trademark must be in use, so an additional fee for filing a Specimen of Use will be applied. Also you can apply for the registration based on an international registration. IMPORTANT NOTE: You can only claim priority in your USA trademark application for those classes you filed in your foreign application. If you wish to add classes to your USA trademark application, these additional classes must be filed under an “Actual Use” or “Intent to Use” basis.”
uptocall_male.jpg