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USA - Oregon

Locations

In the state where brands such as intel, NIKE, Columbia Sportwear Company, Adidas and many others have grown.

Basic information

  • The state is located in the Pacific region, specifically in the northwestern part of the United States.
  • It has an area of 98,000 square miles.
  • Oregon is the ninth largest state.
  • With a population of 4,000,000, it ranks as the twenty-sixth most populous American state.
  • The name Oregon probably comes from the French word „ouragan“ (in the sense of „windstorm“ or „hurricane“), according to the strong winds that blow here from the Columbia River.

Doing business in Oregon

  • Each state has its own set of rules for entrepreneurs who intend to establish a company on its territory. If you have decided to start your business in Oregon, we will take care of all the details.
  • Minimum number of directors: It is mandatory to have at least one director in a corporation, but there can be more.
  • Director Requirements: Director need not be a resident of Oregon.
  • Anonymity: The names and addresses of the directors do not have to appear in the company's articles of association, thus ensuring anonymity.
  • Reports: The corporation must file an annual report with the Oregon Secretary of State prior to the date that marks the anniversary of incorporation.

Tax system

The tax system in the United States is quite complicated and extensive. In the system, there are federal taxes intended to finance federal projects, and in addition there are state taxes, the amount of which is determined separately, by each state separately. Since the range of state taxes varies from state to state (often significantly), some US states are more suitable for business, some less so. Federal corporate income taxes range between 15 % and 35 %, depending on the amount of taxable income. The lowest rate applies to an income of $50,000. In general, the tax system is very complex, and it is useful to consult with professionals to effectively set up the structure of taxes paid.

Before doing business in the US, it is important to review the following information. There are two basic types of corporations in the United States with different taxation.

The first type is the Corporation (C-Corp), which pays corporate income tax at both the federal and state levels. If a company wants to pay dividends, it is required to pay dividend withholding tax, which is also paid at the federal and state levels. These taxes can be quite high. However, an optimization can be done by asking the IRS to allow you to pay tax only on a personal basis (this creates an S-Corp). This means that if the company reports a profit of one hundred thousand dollars, taxes are paid as if you made the profit yourself.

The second basic type of company is the Limited Liability Company (LLC), whose profits are taxed directly in proportion to the partners' share of ownership. Compared to an S-Corp, this type of company offers greater tax flexibility.

Basic information

  • Limited Liability Company (LLC)
  • Time required to set up: Five working days
  • Number of shareholders: Called „members“ (literally „members“), minimum one, maximum not specified
  • Shareholders: They can be natural or legal persons
  • Share capital: Not determined
  • Cash on Delivery: Not allowed, Oregon registered office address required
  • Director(s): Called managers („managers“), they can be appointed, but the LLC can operate without a director
  • Permanent Residency: Managers do not need to be permanent residents of Oregon

Taxation

  • There is no taxation for offshore companies doing business in the USA
  • Corporate income tax is 6.6 % on income up to USD 10,000,000, minimum tax is USD 150 on domestic earnings
  • The VAT rate is zero
  • Agreements preventing double taxation of the agreement should be concluded by the state with different countries. It also has established tax rates on dividends, interest and royalties
  • Bookkeeping and preparation of the annual return is necessary. A tax return must be submitted if you are a resident. The audit is not mandatory
  • Anonymity and privacy: Information about directors and shareholders in the commercial register may not be published

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