How To Start A US Business As A Non-Resident


Starting a business in the United States can be an exciting and promising venture for entrepreneurs, and Mexican business owners are no exception.

However, navigating the actual process can be challenging, especially as institutions maintain strict account information and identification standards. Still, it remains an option for those who want to tap into the country’s thriving market.

Here’s what those looking to open a sole proprietorship or LLC bank account non resident need to know.

Why Get A US Business Bank Account?

Opening a US business bank account as a non-resident offers several advantages. They include:

  • Ease with global transactions: A US business bank account provides access to one of the world’s largest economies, facilitating international transactions and business dealings.
  • Credibility: Having a US business bank account enhances your business’s credibility, demonstrating a commitment to establishing a legitimate presence in the US market.
  • Convenience: US business bank accounts often come with advanced online banking features, making it easier to manage your business’s financial affairs from Mexico.
  • Access to funding: When seeking investments or loans from US-based sources, having a local business bank account can boost your eligibility and attract potential investors.
  • Payment processing: A US business bank account lets you easily set up payment processing systems, enabling smooth transactions with US-based clients and customers.

Of course, setting up an account across country lines has its legal limitations. But you can easily navigate them by taking smart steps.

How To Open A Non-Resident Business Bank Account In The US

While the process may vary slightly among different banks, the following steps generally outline what you need to do:

Research And Choose A Bank

Look for banks familiar with international business transactions and with a solid reputation.

These, in particular, are popular choices:

  • Wells Fargo
  • Bank of America
  • JPMorgan Chase
  • Citibank
  • Charles Schwab
  • Choose The Account Type

Different banks offer various types of business accounts tailored to different needs. Choose one that suits your business size, transaction volume, and current capacity.

  • Gather Required Documents

Non-resident account opening typically requires a set of documents, including your business’s legal structure documents, tax identification number, proof of address, and passport or ID.

  • Obtain An EIN

To operate a business in the US, you’ll need an Employer Identification Number (EIN) from the Internal Revenue Service (IRS). It’s required to open a business bank account.

  • Visit The Bank Or Apply Online

Some banks allow you to apply online, while others may require an in-person visit. Follow the bank’s application process, providing accurate and complete information.

  • Provide The Initial Deposit

Deposit the minimum required amount into the account. This varies from bank to bank and account type.

  • Await Approval

The bank will review your application and documents. This process may take a few days to a few weeks. Be prepared to provide additional information if requested.

  • Set Up Online Banking

Digitalization has made financial management much easier. So, once approved, set up your online banking profile. It allows you to manage your account remotely and access various banking services.

Best Tips For A Smooth Account Opening Process

To make the process even smoother for you, consider following these tips:

  • Thorough research: Research different banks thoroughly to find the one that best suits your business’s needs and offers support for non-resident accounts.
  • Accurate documentation: Ensure all required documents are accurate and up-to-date to avoid delays in the account opening process.
  • Professional assistance: Consider hiring a legal or financial expert to guide you through the process, especially if you’re unfamiliar with US regulations.
  • Prepare for compliance checks: Banks may conduct compliance checks to ensure your business meets legal requirements. Be prepared to provide additional documentation if needed.
  • Maintain communication: Stay in touch with your chosen bank’s representatives and promptly respond to any requests or inquiries.
  • Understanding fees: Familiarize yourself with the costs associated with the account, including monthly maintenance fees, transaction fees, and wire transfer fees.
  • Build local relationships: Networking with other local businesses and entrepreneurs can provide valuable insights and recommendations for banking services.


Opening a non-resident business bank account in the US as a Mexican entrepreneur may seem complex. But with these insights, you can navigate the process successfully. Consult a professional to help you get started.

Mexico Daily Post