Tax obligations as a non-resident.
Most non-residents believe that they are not entitled to pay taxes for their US/UK registered business/company as they do not reside in the country. This is far from the truth because your company operates in the country. However, as your business operations are remote, chances are that you would not incur tax bills per se, you would however need to pay up some statutory obligations such as Annual tax report, registered agent and IRS compliance filing.
Overall, Non-resident entrepreneurs experience lesser tax obligations which vary from state to state.
Annual tax rate varies from state to state, for the state of Colorado is $10, Delaware is $300 and Wyoming is $75.
Is the tax filing, registered agent and IRS compliance filing fees fixed?
The tax filing, registered agent and IRS compliance filing fees are subject to change as we do not set up policies and regulations for them.
What is the difference between the EIN and the ITIN?
The EIN is the Employer Identification Number which is assigned to businesses/companies while the ITIN is the Individual Taxpayer Identification Number which is assigned to individuals which can be likened to the SSN(Social security number for residents). ITIN is assigned to non-residents.