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Registering a company in Oklahoma (USA) in 2020
Key business benefits of Oklahoma:
- A favorable environment for the opening of oil and gas companies and energy companies;
- It is allowed to set up a company for a non-resident;
- Income tax rate is 6%;
- It is possible to conduct activities in the free economic zone;
- A relatively simple registration procedure.
Business registration –from €1,280
Company registration period –from 3 weeksDetailed information
The United States is a good option for registering and doing business. For both beginners and experienced businessmen, we recommend opening a company in Oklahoma (USA).
This article will describe some information, that will be useful for those, who wish to start a business in Oklahoma.
To begin, we recommend choosing a company name and deciding on the structure of your business.
Those, who wish to open a business in the USA (Oklahoma), need to pay attention to the fact, that Individual Entrepreneurship and General Partnership are the most common types of companies. In addition, this can be done in the following legal forms:
- a general corporation (also called C-corp);
- a subsidiary of Chapter S Corporation (or S-corp);
- a limited liability company (LLC).
When deciding to establish a company in the United States (Oklahoma), it is worth knowing, that for a business operating as an individual entrepreneur without employees, the owner can use his social security number as an identification number for his tax returns and financial records. However, partnerships and all enterprises organized within one of the official legal structures are required to obtain the federal employer identification number in Oklahoma (also called either FEIN or EIN). This number is issued by the US Department of the Treasury Internal Revenue Service (IRS). In addition, all companies with employees, including individual entrepreneurs, are required to receive and use FEIN.
Registering a commercial firm in Oklahoma, please note, that there are state laws, that require different types of enterprises or their owners to obtain US professional licenses/permits.
Traditionally, obtaining an operating license in Oklahoma requires the owner or some employees to pass a qualification exam. If you want to know more about licensing your business, then consult our lawyers for advice. After analyzing your future activities, as well as based on current legislation, our lawyers will help you to get US permissions.
Planning to open a business in Oklahoma, you should familiarize yourself with the tax policy of this jurisdiction:
- A corporate tax in all states is 21%;
- An income tax varies from 0,5% to 5,25%;
- A sales tax is 4,5%.
In order to set up a company in the USA quickly and without unnecessary complications, it is worth contacting IQD Consulting lawyers. Our specialists are also ready to help you to obtain a license in Oklahoma, to open a business in America remotely or to establish a company in any other jurisdiction. If you still have questions, contact the contacts listed on the site.
The information outlined in the article is actual at the time of its publication. Please refer to our specialists for checking possible solutions for your business.