Incorporating Internationally

Discussion in 'Legal Issues' started by Hades, May 24, 2010.

  1. #1
    Hey Guys,

    I have a question. My uncle lives in Russia. He wants to incorporate his business, but he wants to do it in the US.

    Is that possible and what steps would he have to take?

    He's going to get a lawyer of course to help him out, but I just wanted to make sure it was possible before he dishes out money to lawyers for no reason.

    Thanks,
    Nick
     
    Hades, May 24, 2010 IP
  2. Business Attorney

    Business Attorney Active Member

    Messages:
    621
    Likes Received:
    33
    Best Answers:
    0
    Trophy Points:
    70
    #2
    Generally speaking, a non-resident non-U.S. citizen can own all the shares in a U.S. corporation. There are tax issues on the distribution of dividends and there are other issues that your uncle's attorney can explain to him, but there is no particular reason why he can not incorporate a business in the U.S.
     
    Business Attorney, May 25, 2010 IP
  3. slogold

    slogold Peon

    Messages:
    223
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    0
    #3
    there is no problem for him setting up business in US or in many other countries
     
    slogold, Jun 5, 2010 IP
  4. windy

    windy Active Member

    Messages:
    1,093
    Likes Received:
    3
    Best Answers:
    0
    Trophy Points:
    78
    #4
    many people setting up business in other countries which have low tax, not US
     
    windy, Jun 9, 2010 IP
  5. nick1313

    nick1313 Peon

    Messages:
    57
    Likes Received:
    0
    Best Answers:
    0
    Trophy Points:
    0
    #5
    You can easily do it. Just a lot of paperwork. Good luck!
     
    nick1313, Jun 9, 2010 IP