Should You Expand Your Business and Trade in the United States?

President Trump’s election represents a common trend in the West away from globalism and toward nationalism and protectionism. For this reason, many foreign business owners may be on the fence about extending their operations to the United States. However, the US is still very favorable to foreign investments for a variety of reasons. Here are a few of them.

The US offers Great Tax Rates for Businesses

The United States is seen as one of the tax havens of the world. It has relatively low taxes on capital gains and investments compared to many other countries. The United States stance on the new global disclosure standards has made it a haven for money seeking secrecy.

The United States and Canada are the only two nations in the world with birthright citizenship, so if a member of your family is born in the United States, there are a wealth of options for setting up trust accounts and savings in the child’s name to protect it from overseas oversight while enjoying a low tax. While birthright citizenship may change during the Trump administration, there is no expectation of tax laws changing, except to lower tax rates.

Security

One factor driving investment and business expansion in the US is the fact that the United States is far less likely to appropriate the money, as happened to Cyprus investors in the EU-mandated “haircut” or nations like Hungary, Poland, and Russia seizing their citizens’ retirement accounts to make up budget shortfalls.

Another benefit of doing business in the United States is the relatively low cost of setting up limited liability corporations, the ability to select legal protections by choosing where you incorporate the business, and asset protection trusts offered to foreign investors with secrecy and tax benefits traditionally available to investments like the classic Swiss bank account.

A Large Market

The United States is the largest “common” market with the same currency, government and legal system over the entire area. Then there is the fact that after a decade of steady growth during the Obama years, the current administration’s policies are expected to increase domestic demand. You should set up your businesses and trade deals now to be ready for this amazing opportunity.

Visas

It is still fairly easy for someone to arrange for a business visa to come for a short or extended stay to do business. The current administration is expected to maintain EB-5 visas for investors even as it cuts back on other visa admissions. Don’t expect the investor visa numbers to change. If you’re already in the U.S., firms like Hirson Immigration can help you with your EB 5 Extension visa.

The United States has many things going for it like rule of law, relatively low taxes for investments, privacy, secrecy, and a healthy respect for property rights. While the nation will cut back on its number of visas unskilled laborers and H-1B visa holders, the current administration is expected to maintain if not increase EB-5 visa numbers. Business owners can enjoy a large common market, an economy poised to take off, and the ability to find a taste of home almost anywhere.