3PointO Team
- Jun 9, 2022
- 1 min read

Will I pay U.S. income tax, if I open U.S. company and bank account?

If you have income which is generated within the United State, you may be liable for income tax. There are 3 questions you need to consider to estimate if you will be liable for income tax or not:

1. Do you have any owner who is a USA citizen or USA residents?

2. Do you have U.S. employees?

3. Do you have a warehouse or shipping facility in the US.?

If you answered NO to all 3 questions : you will be tax free in the USA !

If you answer yes to any one of this above questions : On income you earn physically in the USA or on income from USA assets (USA stocks / real estate ) you pay taxes

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Do I need ITIN or SSN , to open my U.S. company and bank account?

NO! There is no need for ITIN or SSN to open a U.S. Company or U.S. business bank account. You only need ITIN / SSN if you are asking for a refund from the IRS (Internal Revenue Service).

Do I need to have a U.S. address, if I want U.S. company and bank account?

Yes, you do need a U.S. Address for the incorporation process and to open a bank account. We supply a legal business address that can also be used as your company's mailing address. Actually, We provi

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

Will I pay U.S. income tax, if I open U.S. company and bank account?

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