Iowa is the US state, located in the Midwest, between the Missouri and Mississippi rivers. Iowa's administrative center is Des Moines. This state is also called a “Heart of America” and a “US Corn Belt”. The main activity of the state is agriculture for growing corn, oats, soy and beef cattle. It is popular to register a company in Iowa for the processing of agricultural products, in such industries as: a biotechnology, a medicine (the state has the largest medical institutions), the extraction of energy from alternative sources is popular. It is also profitable to establish a cryptocurrency firm in Iowa, to open an American insurance organization, to set up an IT company in Iowa or a financial company. It is promising to obtain a gambling license in Iowa. Business schemes in America are excellent: as soon as you manage to register a company in the USA (Iowa), sales contracts, leasing agreements, state appointments are possible in a week. It is also available to get a corporate account number in the bank in Iowa for 4-5 weeks. The USA is on the 6th place in the world in terms of ease of doing business.
USA is a member of WIPO/TRIPS, ICSID. There are different legal forms available to register a company in Iowa, Alabama, North Carolina, Virginia, etc., most of which are characterized by zero tax rates.
Taxes in Iowa
The US tax system is mainly focused on obtaining money for the state budget from taxes imposed on individuals. But also there is a corporate tax, that it is one of the highest in the United States:
C-corp |
S-corp |
LLC in Free economic zone |
Multi-member LLC |
Single Member LLC |
A “ready incorporated company” |
LLP |
RO |
|
Any business |
Family business |
Production and export trade |
Trading/Holding |
Any business |
Professional services |
Marketing and analytics |
||
a corporate tax |
12% |
12% |
0% |
0% |
0% |
0% |
0% |
0% |
a VAT |
0-7,5% |
0-7,5% |
0 -7,5% |
Not for sales in the USA |
||||
an income tax |
35% |
- |
35% |
0% |
0% |
0% |
0% |
- |
How to establish an enterprise in Iowa (USA)
To set up a company in the United States, 1 shareholder and 1 director of any residency are sufficient. Moreover, the minimum authorized capital in all cases is from $1.
It is convenient to register a company in Iowa, since documents must be submitted in English, the staff is also English-speaking.
YB Case specialists will provide you with legal support services in opening the American corporate account remotely. To do this, you need to call us, using the contacts, provided on the site. Our experts can also provide legal advice on registering a company in the USA remotely.