Perhaps, you’ve come across conversations or posts related to having your company registered in the United States, and you’re probably wondering; “What’s the benefit of having your business registered in the United States while I’m based in Nigeria?
If you are a Nigerian-based startup, an online vendor, a freelancer, etc. and this sounds like a question you’ve asked yourself lately, this article will show you 5 reasons why you should consider setting up your business in the US even if you do not live or work there.
BENEFITS OF REGISTERING YOUR COMPANY IN THE USA FROM NIGERIA
1. YOUR BUSINESS WILL BE ABLE TO RECEIVE AND MAKE INTERNATIONAL PAYMENTS WITH EASE
Let’s face it, as an online vendor doing business in Nigeria, one of the greatest challenges you might currently be facing is the ability to receive and make dollar payments.
Having your business registered in the United States qualifies your business to set up a US corporate account, integrate payment service providers such as Stripe and Paypal, and make and receive payments from anywhere in the world with ease.
2. OWNING A US COMPANY IS AN EASY PATHWAY FOR IMMIGRATION PURPOSES
Owning a US-registered business could qualify you for several visa classes, and thereby make your immigration pathway easier.
For instance, a business owner with a US-registered business that is considered to have invested a substantial amount of capital in the US economy could be eligible for an E2 visa. Certain employees of such US-registered businesses may be eligible as well.
3. A US-REGISTERED COMPANY GIVES YOUR STARTUP ACCESS TO INTERNATIONAL ANGEL AND VENTURE CAPITAL FUNDING OPPORTUNITIES
Interestingly, US-based venture capital firms, and private investors willing to invest in foreign startups, require such companies to be registered in the US.
Almost all Nigerian startups that have secured funding rounds are primarily registered in the US.
4. ACCESS TO THE WORLD’S LARGEST AND MOST DIVERSE CUSTOMER BASE
The United States is made up of about 50 States, with a diverse mix of potential customers. This means, there will always be someone who is in need of your products or services as a foreigner.
However, to build trust with these customers, incorporating your company in the US will be a required first step.
5. ACCESS TO BUSINESS-FRIENDLY LAWS
When you have your business registered in the US, your business gets the chance to operate and thrive within an environment whose laws are favorable to businesses, and are at par with modern trends within the business climate.
There you have it! Five benefits of having your company registered in the US from Nigeria. I hope we’ve been able to convince you that registering your company is a great step to expanding your business as it comes with numerous advantages.
If you need help with having your business registered in the US, feel free to reach out to us through the Whatsapp icon at the lower right part of this page or HERE, and we will have you sorted.