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  • Company formation Florida LLC including Full-Banking-Service

    The one-off formation fee of USD 1,615.00 , including Full-Banking-Service is due at contract stage.

    Specifications for LLC company formation in Florida

    Comprehensive consultations before and after company formation Included in the formation fees
    Issuing of the Florida LLC agreement Included in the formation fees
    Preparation of the complete articles for your Florida LLC Included in the formation fees
    Submission of documents to the respective register Included in the formation fees
    Payment of the LLC formation fees Included in the formation fees
    Application for the EIN-Number (US tax number) Included in the formation fees
    Fees for the registered agent (1 year) Included in the formation fees
    Comprehensive advice on opening an account Included in the formation fees
    Delivery of formation documents in advance by email Included in the formation fees
    LLC-Company-Kit Included in the formation fees
    Certified copy of the Limited Liability Company document Included in the formation fees
    Certificate of Good Standing Included in the formation fees
    Management fees (1 year) Included in the formation fees
    Registered office fees (1 year) Included in the formation fees
    Total formation fees incl. Full-Banking-Service
    USD 1,615.00 

    Optional services: Office & Office-Service in the USA

    To ensure that the Florida LLC does not become taxable in the USA, the company must demonstrate not to have its own office in country, which could be seen as a permanent establishment. However, we can offer you three service packages that will confirm your company status to clients, financial services, business partners and suppliers and ensures compliance with legal and representative requirements as well as offer you the services you need:

    Premium-Office-Package (for 12 months)
    USD 2,808.00 

    The office address provided with this package services at most eight companies and can even be used for the registration of electricity and telephone if needed (proof of utility bills). Additionally, you can appoint a local representative whom you can authorise, for example, to receive mail on behalf of your company (this is particularly useful if you are expecting mail delivery from specialised financial institutions). At this address you will be able to hold general meetings as well as management meetings. Upon request, a US Attorney and his/her assistant is also at your disposal to record any business decisions/resolutions (for a fee). – Keyword: Location of decision-making for the LLC.


    Desk & Key Office (shared office – for 12 months)

    This service offers you the additional and unrestricted use of a complete workstation, which you or one of your authorised representatives can make use of.

    Optional services: International & US account opening

    US bank account (basic package)
    USD 760.00 

    This service includes appointments with two US banks. Our partner clarifies with the business account managers of the respective banks in advance, which documents will be needed for the opening of your account and then sends this information to you so you can prepare to present these to the bank.


    Active support during the opening of a FinTech account
    USD 290.00 

    A comprehensive consultation on opening accounts within or outside of the USA is already included in the formation fees. Should opening an account in the USA, for whatever reason, not be a possibility for you, this option allows you to access one or more suitable FinTech companies* and will support you during the application process of your chosen FinTech account (online support).

    * Banks outside of the USA generally refuse to open bank accounts for US entities. Even in the ‘FinTech’ sector it is a rarity for US companies to be able to open accounts. For this reason we recommend ‘suitable’ FinTech companies who under regular conditions generally agree to open accounts for US companies.

    Optional services: Additional services and documents

    Draft of Florida LLC Operating Agreement & ByLaws

    Yes, I require these optional services and would like to have a personal conversation.
    from USD 645.00

    Apostille (required for opening an account outside of the USA)
    USD 150.00 

    Recommendation from a US tax advisor (CPA)
    free of charge

    The submission of Form 5472 by April 15th of each year is mandatory. We recommend the help of a US tax advisor. Please contact us regarding this.


    EIN-Number (Fast-track)
    USD 240.00 

    As a rule, the application for the EIN-Number takes approx. 7 days. However, occasionally the whole procedure is delayed and the authorities are not able to keep to this timeline. Through the use of our local partners we can guarantee for the application process to be completed within 4 working days.


    Individual Taxpayer Identification Number (ITIN) application
    USD 450.00 

    If you would like to build up a credit history in the USA or apply for a PayPal/Business PayPal account, you will need a ‘Taxpayer Identification Number’. Don’t worry, applying for an ITIN number does not automatically make you tax liable in the United States! The application is done via Skype through an authorised IRS agent.


    Translation of Articles of Incorporation
    USD 250.00 

    Dissolution of the Florida LLC
    USD 990.00 

    Important information on opening accounts

    It is at the bank’s or FinTech company’s (hereinafter we will refer to banks as well as FinTech companies as ‘bank’) discretion to approve or decline your account application. Our role is to introduce you and your company to the desired bank and to support you during the account application process. However, we cannot guarantee that the business account with your chosen bank will be approved and successfully opened. In this regard, please take note of our General Terms & Conditions.

    We would also like to explicitly point out that every bank has the right to request additional documentation, translations or authentications, for which you may incur additional costs. The guidelines on this page are for your information and are not exhaustive. We reserve the right to change or update information and to correct errors. Incomplete or incorrect application forms may delay the account opening process.

    US bank accounts (Florida LLC) after account opening

    To be able to use your Florida LLC bank account online, you would typically need a US mobile number. As there are constantly new providers entering this market, we recommend you do your own research. Possible sources: Skype or Google Fi. Alternatively, you can of course also sign a contract with a local American provider, using your company and EIN number.

    In our experience it is fairly uncomplicated to get a local post-paid contract, which already gives the applicant a certain credit rating. The branch and month of contract signing should be noted as this information is often requested as a security question during telephone calls with the provider.

    Banking hotlines

    Should you ever be locked out of your account or suspicious transactions are noticed on your debit or credit card, you may quickly get into a situation where you need to call the hotline. Therefore, it is advised to familiarise yourself with the hotline by making a few test calls. You will quickly get used to it.

    Note

    For security reasons, banks often ask about the last few transactions on your account. Therefore, you should always have a current statement easily accessible – a screenshot can be really useful in this situation.

    In case you want to use your credit or debit cards outside of the USA, it is recommended to leave a respective travelnote with the bank by calling the hotline. In this way you avoid unnecessary problems, such as your card being blocked.

    Employee debit cards

    Some US banks offer the possibility to apply for employee debit cards, which can then be used by employees or partners. In principle, these Visa or Mastercards (Debit) will be sent to your office address. Some banks also offer the option to incorporate a daily, weekly or monthly limit. Please speak to your bank in relation to this, as there are frequent changes in this area.

    International wire transfers

    In the USA 90% of transactions are still conducted by sending a cheque through the post. International wire transfers are not very common and with a lot of banks this service even has to be applied for and activated separately. It is therefore recommended to do a test run in advance to avoid running out of time during an urgent transfer.

    Should you choose the ‘Advanced Opening’ option, you must plan a trip to the USA soon after opening your account. Please send us an email at least three weeks in advance, to give us time to connect you with the ‘authorised person’. He/she will then arrange an appointment for you to go to the bank together and obtain full signing rights for your bank account.

    Binding legal notice: In principle, the banks and FinTech companies we offer for opening an account cannot be seen as recommendations and should not be understood as such. Privacy Management Group does not check the credit worthiness, capital security or even service quality of the banks/FinTech companies chosen by your or your company. We do not accept liability for any damages incurred by you or your company now or in future by choosing one of the banks or FinTech companies offered by us. Our offer merely provides an overview of banks and FinTech companies that are, according to our knowledge, prepared to open private or business accounts for you or your company. It is entirely your responsibility whether you or your company decides to open an account with one of the banks or FinTech companies offered by us. We, Privacy Management Group, do not accept any liability, should you or your company suffer any kind of damage during or after opening an account.

    US bank accounts are arranged by a local cooperative partner. In this instance, Privacy Management Group accepts full responsibility and liability for appointments, oral and written statements by the cooperative partner or other actions that are not directly related to the contact arrangement between the client and the cooperative partner. In the region of opening a bank account, Privacy Management Group only acts as an intermediary between the local provider (cooperative partner) and the client.

    Important information on opening accounts

    It is at the bank’s or FinTech company’s (hereinafter we will refer to banks as well as FinTech companies as ‘bank’) discretion to approve or decline your account application. Our role is to introduce you and your company to the desired bank and to support you during the account application process. However, we cannot guarantee that the business account with your chosen bank will be approved and successfully opened. In this regard, please take note of our General Terms & Conditions.

    We would also like to explicitly point out that every bank has the right to request additional documentation, translations or authentications, for which you may incur additional costs. The guidelines on this page are for your information and are not exhaustive. We reserve the right to change or update information and to correct errors. Incomplete or incorrect application forms may delay the account opening process.

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    Order Summary

    Florida LLC сompany formation

    Legal Notices

    Privacy Management GroupFZ-LLC regularly checks and updates the information on its websites. Despite all due diligence, it is possible that some facts have changed in the meantime. It is therefore not possible to assume liability or provide any guarantee as to the relevance, completeness or correctness of the information provided. The same applies for all other websites that are accessed through the hyperlinks provided. Privacy Management GroupFZ-LLC is not responsible for the content of websites that are accessed through these links. Furthermore, Privacy Management GroupFZ-LLC reserves the right to make changes or additions to the content provided. In addition to the content and structural copyright protection rights of Privacy Management GroupFZ-LLC websites, the reproduction of information or files, in particular the use of texts, extracts or images, is prohibited without the prior written consent of Privacy Management GroupFZ-LLC.

    None of the content on any of the Privacy Management GroupFZ-LLC web pages represents an individual recommendation nor is it to be understood as an invitation to trade, default or purchase. Privacy Management GroupFZ-LLC also explicitly points out that you should seek advice from experienced tax consultants and/or lawyers, in particular for any cross-border activities. In principle, any income generated domestically or internationally is subject to taxation. It is solely your responsibility to fulfil your domestic and/or international tax obligations appropriately. Privacy Management GroupFZ-LLC does not accept liability under any circumstance. Additionally, our General Terms & Conditions as well as our Data Protection Provisions and Legal Details apply.

    Asset Protection

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of Panama, it makes sense to have at least local managing directors/directors in Panama. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in Panama. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in Panama on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in Panama are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 740.00
    Registered agent annually USD 245.00
    Registered office annually USD 245.00
    Corporate franchise fees annually USD 300.00
    annually

    Annual fees are only due after the first 12 months

    The annual fees are not due for payment until 12 months after the formation of your company in the Seychelles. In the following years the settlement of the annual fees follows a 12-month cycle.

    For example: You establish a company in the Seychelles on 14.07.2019. The start-up fees already include all the costs for the first year, with the exception of costs for optional services. After 12 months, at the latest on 14.07.2020, the annual fees for your company in the Seychelles are due for payment (plus any optional services). Subsequently, the payment date recurs every year on 14th July at the latest.

    Renewal of the management fee annually USD 190.00
    Registered agent annually USD 210.00
    Registered office annually USD 210.00
    Corporate franchise fees annually USD 190.00
    annually

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of decision-making power. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides.

    Therefore, if you live outside of the Seychelles, it makes sense to have at least local managing directors/directors in the Seychelles. The level of authority of these Nominee-Directors can be determined individually according to personal needs and legal requirements.

    In addition, in most cases at least one foreign business address or even a foreign business premise is required. For this, we offer appropriate packages, with which this can be verified.

    Note: It is of course also possible to hire local managing directors instead of using nominee directors, should you prefer to do so. We are happy to advise you on the one-off and running costs upon request!

    CFC-Management-Services

    The taxation of companies on an international level generally follows the principle of ‘location of decision-making power’. A company is thus taxable in the country where ‘Management & Control’ is exercised. In general, international authorities assume that ‘Management & Control’ of a company is exercised in the same country where the general manager/director resides. .

    Should you intend not to take on the position of local manager/director, despite having an investor visa, we can provide you with the appropriate trustee-service that will manage this position for you – a nominee is a natural person residing in the UAE. Similarly, should you not wish to officially appear as a shareholder of your Freezone-company in RAK, even in this case we can satisfy your requirements through the use of an appropriate Nominee-company. Let’s talk about it, we are at your disposal!

    CFC-Management Packages

    The international CFC-Rules are of particular importance when a Panama company wants to, for example, send invoices to companies based abroad.

    Each country implements CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through ‘denied business expenses’ in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.

    CFC Management Packages

    The international CFC-Rules are of particular importance when a Seychelles company wants to, for example, send invoices to companies based abroad.

    Each country has implemented the CFC-Rules on a national and individual basis and thus makes different demands on the substance and structure of a foreign company. For the benefit of your customers, business partners and contractors and with the aim of not losing them, for example through "denied business expenses" in your country of residence, you should adapt your company to international standards. In regards to this we can support you with one of our management packages.