American Businesses and Financial Institutions (Serving Both Domestic and International Customers)
Indonesia, with a population of 261 million, boasts the largest economy in Southeast Asia, boasting a GDP of USD 1 trillion. For businesses looking to expand their operations to the US, incorporating in states like Delaware or Nevada offers numerous benefits.
Primarily, these states provide robust liability protection for owners and shareholders. Delaware and Nevada are renowned for their strong limited liability protection, shielding personal assets from business liabilities and lawsuits. Nevada, in particular, offers heightened privacy protections, with less disclosure required in public records, enhancing privacy and protection against personal liability.
The ease of registration is another significant advantage. Delaware offers a well-established process for foreign company incorporation, with straightforward filing requirements and relatively low fees. Nevada's process is simple and fast, typically outlined by three main steps: name search, appointing a registered agent, and filing articles of organization. Both states have professional registered agent services that handle legal correspondence and maintain good standing with the state, further simplifying compliance and reducing operational burden.
Delaware's court system, the Delaware Court of Chancery, is another attraction, with specialized business courts well-respected for predictable rulings on corporate matters, adding legal certainty for companies incorporated there. Nevada is favored for no state corporate income tax or franchise tax on income, though annual fees and reports are still required, potentially resulting in cost savings.
It's worth noting that foreign corporations need to obtain a certificate of good standing from their home jurisdiction during Delaware incorporation and must comply with state-specific foreign entity filing and reporting requirements to maintain good standing.
Despite US taxpayers being subject to US taxes on their worldwide personal income, incorporating in Delaware or Nevada can still be beneficial. A US entity that does not conduct any business in a specific state will not pay any more taxes in that state. Maintaining a website by a Delaware company does not constitute "doing business in Delaware."
Incorporating in the US tax havens Delaware or Nevada is a relatively easy process, regardless of citizenship or residence. To register any of these entities online, you will need a Social Security Number, Tax ID (EIN), US street address, and/or a personal visit to the bank.
US INCORPORATION offers forms of business entities such as Limited Liability Company, Corporation, tax-exempt US Nonprofit. US BANK ACCOUNT requirements may include obtaining a Social Security Number, Tax ID (EIN), US street address, and/or a personal visit to the bank.
Forming a US branch of a foreign company protects the foreign parent company and the individual from liability for US operations. Popular platforms in Indonesia, such as Facebook, Messenger, Twitter, Pinterest, Linkedin, Whatsapp, and Email, can be utilised to reach out to potential customers in the US.
In summary, incorporating in Delaware or Nevada as a foreign company provides strong liability protection via limited liability and favorable privacy laws, combined with relatively simple, quick registration processes backed by established legal frameworks and options for registered agent services, which together facilitate both compliance and operational ease.
- For businesses considering expansion to Southeast Asia, particularly Indonesia, the strong liability protection in Delaware and Nevada might be an attractive alternative, offering robust protection for owners and shareholders against personal liabilities and lawsuits.
- When establishing a US presence, businesses can benefit from incorporating in Delaware or Nevada due to their ease of registration, with straightforward processes, favorable privacy laws, and established legal frameworks, which can ultimately facilitate compliance and reduce operational burden.
){kind=link}