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US business and US bank account

Setting up a US based company and a US bank account is a hassle for non US citizens,
but the payoffs and benefits received cannot be denied.

Benefits of a US Company:

  • Build credibility and trust with vendors and customers.
  • Easier to sell in the US market.
  • Access the capital markets in the US for loans, venture capital, angel investors and public markets.
  • May be easier to get a business visa to work or travel in the US.
  • Reduce your tax on US-source income.

Benefits of a US Bank Account:

  • Reduce fees, when receiving and transferring money with your own US Bank account.
  • US bank account is less likely to get suspended like Payoneer/Paypal account.
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