Today, the United States of America is one of the first countries in the world to attract fintech startups. Well-known cryptocurrency exchanges and US fintech companies operate here , including Coinbase, Stripe, Neobank Chime and others. Due to favorable conditions for doing business and good prospects, the US market is attractive for both beginners and experienced entrepreneurs and, of course, for those who are developing a blockchain business , since crypto has long been used as a payment system.
The US jurisdiction has the largest number of investors, which is very attractive for fintech and blockchain startups. Therefore, many entrepreneurs want to register a company in the States, and for this, it is necessary to study the regulation of crypto and fintech business. Among the fintech services on the country’s market are:
- cybersecurity;
- blockchain and cryptocurrency;
- mobile payments;
- crowdfunding platforms, etc.
In the United States, there are no special rules for crypto business participants at the federal level. However, based on the characteristics Denmark Phone Number List and financial activities of firms offering exchange services or cryptocurrency moderators, they can be classified as “money senders”, have a financial license and meet the stated standards.
Business Taxes in the USA
The tax system in the United States has three levels: federal, state, and local. Federal taxes and state taxes are separate from each other. Each level has certain powers to collect taxes. Each state has its own tax system, which differs from the system in other regions. The federal government cannot interfere with the tax system of each state.
The principle of parallelism works, so business tax in the USA can be levied at all three levels. Of course, taxes in the USA are lower than the federal tax rate. Within the borders of each state there are also several jurisdictions – counties or cities – that collect their own taxes. The system is complex and multi-stage.
The main types of taxation in the States:
- Income tax. Personal income tax accounts for more than 50%.
- Corporate income tax. The rate has recently been fixed at 21%.
- Sales and Use Tax: This is common throughout most of the United States (not at the federal level) and can be as high as 11%.
- Property tax. Levied on owners of residential and commercial real estate based on the value of the latter.
- Social security contributions. They depend on the amount of wages paid.
- Capital gains tax.
- Excise taxes.
How to register a startup in the USA?
The start of any commercial enterprise is preceded not by the registration of a business entity or the signing of a contract, but by the detailed development of various business ideas and business development strategies. In order for a company to be called a startup, it must meet certain criteria:
- the business idea must be fundamentally new;
- the product creator wants to solve an existing problem: optimize promotion, etc.;
- Investors invest in business projects, not in existing production.
To register a company, you need to submit the incorporation documents to the State Department of Corporations, draw up a shareholders’ agreement. Next, you need to obtain an employer identification code from the tax office and apply for the necessary license.
According to foreigners, the most favorable states for living in the USA are: Colorado, Massachusetts, New Hampshire, Minnesota and Delaware. Offshore in Delaware is the most common American offshore for citizens, including those from Ukraine. Delaware has unique laws that have no analogues throughout the country. Owners of corporations are liable within the amount they invested in the foundation and development of their company. A stable economy has ensured the popularity of Delaware as a state in which large companies from Europe and the USA successfully operate.
Business ideas in the USA
New business ideas in the USA appear almost every day. Everything is aimed at maximally simplifying the lives of American citizens. The following have great development potential:
- delivery of products using drones and other robotics;
- creation and production of smart devices for the home;
- virtual reality entertainment;
- vending machines.
Those who are not yet ready for nanotechnology can pay attention to the ideas that have already conquered America. These are:
- ordering food via the app;
- the ability to charge gadgets on the road;
- selling fast food to those stuck in traffic;
- gadget cases with a compartment for bank cards;
- making pizza according to the client’s drawing;
- Beauty salon in a van.
In addition, digital transformation of business is relevant for the USA – the introduction of information technologies into business processes. An increasing number of business transactions take place in the france phone number resource digital space. The approach to managing business projects and communicating with clients is changing. Digitalization opens up new opportunities for work, reduces logistics costs and increases customer focus.
Patenting in the USA
How to patent an idea in the USA ? In this case, the patent is registered by the country’s patent office. The country’s legislation provides for a patent for an invention in the USA and software patenting . This is what most software developers strive for. As a result, you can obtain software licensing in accordance with US legal norms. The registration procedure includes several stages: patent search, writing application materials, filing documents, examination and the actual issuance of a patent.
You can obtain a patent for an invention in the USA in the following ways:
- By national application to USPTO USA, for which it is necessary to indicate the use of the innovation specifically in the States. This option is optimal for legal entities with American registration.
- Based on a national application in another country, within one year of its filing.
- According to the international system of the Patent Cooperation Treaty. The advantage is that the applicant has 2.5 years to complete the innovation and study the market.
There are two types of patent applications in the US: provisional and main. A provisional patent application is very common in the US because it provides additional options and is only used for inventions. It describes a simple scheme for how the innovation works and gives an additional year to file the main application.
Trademark Registration in the USA
In the United States, much attention is paid to protecting the interests of copyright holders. And if someone is already using a trademark or name, others will no longer be able to use it. Registering a trademark gives the owner protection from illegal use. There are two options for registration:
- legalization in Ukraine and expansion to the USA;
- direct registration on American soil by national application.
National registration takes about a year. But this period is bi lists blog relevant if there are no complaints from the official bodies involved in registration and objections from other persons. Otherwise, the period will be extended. Therefore, you should carefully check and prepare documents.
It is important to note that in the USA there is a list of certain rules. In particular, before sending documents to the relevant authorities, it is necessary to prove that the brand is already in effect or there are plans to use it in the near future. The validity period of the certificate confirming the right to a trademark is 10 years. However, already in the 5th year, it is necessary to file an application for use or legally justified non-use of the TM.
Copyright in the United States
The most productive method of protecting your intellectual property is to register copyrights in the USA , including NFTs . The main advantage is that you can receive compensation for damages for illegal use. Registering intellectual property in the States is an effective legal tool for protecting an object from various violations.
The Library of Congress Office is the responsible bureau where you can apply and establish a presumption that the authorship of an intellectual property object is protected by law. US legislation allows for the establishment of fines for illegal exploitation, and the demand for reimbursement of legal costs in court proceedings.
International copyright registration through the USA allows you to obtain a document certifying copyright in different countries – an official certificate. One copy of it is kept in the Library of Congress . The registration procedure takes from 3 to 16 months. At the same time, you will need to pay a registration fee of 65 US dollars and send documents from the States
