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How long does it take, to open U.S. company and bank account?

Updated: Jun 11, 2022

When it comes to processing time, there are 2 options

Standard time - normal time that states, IRS and banks are working on your filling / application.

Expedite processing - The fast track, much faster processing time (additional fee may apply)


Step 1: Company Registration


Option No.1: Normal processing (no extra fee):

— Company registration in 20-30 days


Option No.2: Expedite Service (additional fee may apply):

When you incorporate your Company {3.0}, You can add Expedite Service Filing Option* which enables us to complete your Company Registration in 1-3 days (in most cases in 24 hours).


*The Expedite Service includes: - Expedite State Filling - EIN Expedite Processing and Follow-up with the IRS - "Getting you ready for your bank account application" Expedite process


After the company is opened - EIN (Tax ID Number) processing:


For a U.S. Resident / U.S. Citizen:

EIN processing: 24 hours


For a Non U.S. Resident / U.S. Citizen:

Standard processing time: EIN processing: 45-60 days (depending on the IRS)

Expedite processing time: EIN processing: 14 days (on average)


After we obtain your EIN - Bank Account application:


Normal processing time Bank account: 7-10 days once the application has been submitted to the bank account partner. Depending on the quality of your application and the processing time of the bank you applied with.


Expedite processing time:

Bank account: 1-5 days once the application has been submitted to the bank account partner. Depending on the quality of your application and the processing time of the bank you applied with.

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What Type of Company should I select?

As a Non U.S. Resident you may choose between two major business types: Limited Liability Company (known as: LLC) Close Corporation (known as: C. Corp) Founders will be protected by limited liability

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