To open a business account, you will need to have a US based business entity established in one of the fifty US states. Foreign Companies can start a business in the United States, and there are no citizenship or residency requirements for doing so. At GES we walk you through the steps of opening the right type of corporation or LLC while ensuring you understand the pros and cons of each entity type.
To open a business bank account, you will need:
- IRS issued EIN Employer Identification Number, also known as Tax ID in the United States.
- Information about your business. Intended business activities in the United States.
- Information about the owners of your business.
- A List of all entities or individuals that own your US based business.
- The main bank contact who will be responsible for all banking activities. Also known as the banking administrator.
- A physical U.S. address, if you do not have that we will provide you with an address for a fee.
- A mailbox address (If different from the US Physical address). We will assign a mailbox address to retrieve all statements and communication with the bank and the government.
- *Signed, stamped Power of attorney documents in English before a Legal Notary public in your country. The documents will explicitly authorize a GES representative to open a bank account on behalf of the US established business.
- POA Authentication, a lengthy legal process GES case managers will walk you through.
Additional documents needed based on your type of corporation.
For C Corporation
You will need one of the following original or certified business documents:
- Articles of Incorporation
- Certificate of Good Standing
- Certificate of Formation
- Articles of Organization
- Certificate of Incorporation
For Limited Liability Company
You will need one of the following original or certified business documents:
- EIN Employer Identification Number
- Articles of Organization
- Certificate of Organization
- Certificate of Formation
Talk to an expert at GES on how you can establish a business bank account in the United States.
