For a long time people were in no hurry to do business in the United States – because of high competition, saturation of markets, regulatory specifics. Finally, because of underestimation of themselves and their resources. There were very few success stories. But now everything has changed according to latest USA business news.
The situation began to change in the last five years. “Discovering America” has become almost a trend among companies.
The quality of goods and services has already reached a high level, and today continues to please with its dynamic growth. At the same time, prices continued to remain competitive. As a result, it turned out that business USA news can be quite successful even in the “first league” of countries.
Having taken the American direction seriously, many people quickly discovered that business there is not so much obstacles as opportunities. And those that are not often found in any other top country.
Ease of opening and running a business
Creating a company with a “residence” in the United States is a matter of technology. Of course, there are certain procedures. But they just need to be done correctly. Which, with a good local partner who knows all the regulatory nuances, will not be difficult. The same partner can help with all permits, licenses, tax reporting, and if necessary – even with office rent and hiring staff.
The largest American banks, such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, have absolutely no bias towards companies with shareholders from other countries. To open an account, you just need to come to the financial institution, submit documents and answer a few questions of the bank clerk.
Usually, the documents are processed in one day, without lengthy compliance checks traditional for European banks. Only then, after the start of your work, the bank monitors operations for 6 months to make sure that they meet the requirements. But this does not prevent the business from working and earning all this time.
USA today business news show that company with an account in one of the American banks, almost never has problems with the passage of dollar payments (which can happen when working with a Ukrainian or European bank). Money also passes day to day.
Low taxes but high reputation
Determining the jurisdiction for business registration is usually a difficult choice between “how many taxes to pay” and “what are the risks for the business” business USA news now show. You can save money by registering a company in Cyprus, Panama or the British Virgin Islands, but you need to be prepared for the fact that every inspecting authority, partner or counterparty will examine you under a magnifying glass. And this is not only unpleasant, but also leads to real problems in the form of additional bureaucracy, unsigned contracts, and unattracted money.
And this is not just about the bad reputation of offshore companies. Over the past few years, after the adoption of the FATCA law in the United States and a number of other regulations in the EU that strengthen tax control, offshore companies have actually officially fallen into the “red zone”.
The USA is becoming a profitable alternative to them, as business news today USA show. There is nothing to say about the respectability of business registration in America. At the same time, its individual states can offer business conditions that are not inferior to low-tax jurisdictions in Europe and Asia.
Good opportunities for lending
Becoming “your own” in the United States, you can also count on new opportunities for raising capital for business news USA today development. And it is not only that the mentioned respectability helps to open the doors of credit institutions easier and makes potential partners ready to listen to you “by default”.
American banks generally work somewhat differently. They see a company that has opened an account with them as a partner. And very soon after the start of cooperation, they themselves, proactively, can offer an overdraft on favorable terms.
When there is a history of relationships – we can already talk about short and then long-term loans with interest rates. One of the latest cases in our practice – a company exporting fish and seafood from Alaska was able to completely solve the issue of working capital due to a profitable partnership with the bank.
Money for development can also be obtained from the US government. For example, there is a special state program aimed at solving unemployment issues. According to it, we attracted a loan for one of the clients who wanted to build a metal depot.
Both confidentiality and security
Another trump card that America has up its sleeve is the opportunity to do business news USA confidentially. Of course, not everywhere, but some states give such a privilege.
At the same time, due to the high standards of law enforcement and judicial systems, doing business in the United States is always a calm head. Moreover, when an American company is in your portfolio, other business is under a kind of protection.
America, they say, is the land of opportunity. It is an old phrase, but for business it is exactly so now.