Many ambitious tech founders choose to incorporate their startup in the US, usually in Delaware, thanks to the stable & mature legal system but most importantly because the USA is the largest & most sophisticated tech market in terms of customers, investors & acquisitors.
Starting a company in the U.S., like most places in the world can be needlessly complicated – endless paperwork, waiting in line at the bank, steep legal fees, and tough decisions about what services to use. This is especially true for entrepreneurs coming from other countries who have to learn new processes and acquire all the necessary documentation. Incorporating in the US for non-US residents is a huge burden and cost but it doesn’t have to be one.
Stripe Atlas makes this easy – all you have to do is fill out a simple form. Within days you’ll have a new C Corporation in Delaware – that can also be a subsidiary of your existing corporation, an IRS Employer Identification Number, an instantly opened U.S. bank account at Silicon Valley Bank (complete with a debit card), and a U.S. Stripe account for processing payments. On top of that, you will receive up to $15,000 of free credits from Amazon Web Services, flat-rate packages for post-incorporation legal advice and tax return preparation & free consultation with a lawyer and an accountant.
If you are interested you can reach out to us and provide you with a referral code for Stripe Atlas. We welcome all interested Greek entrepreneurs to reach out even if they are not portfolio companies of Marathon VC!
Once approved, Atlas users are also welcomed into a private online forum for founders where they can connect with other entrepreneurs, learn from experts, find beta users, and more.
Even though setting up company with Atlas is easy you should be diligent about the complexities of compliance and operations. Our friends at Stripe have written a must-read guide explaining the processes, the benefits, and challenges of incorporating in the USA. If you opt in with a dual operation in the USA and a branch or subsidiary in your home country you will need great partners & advice in both legal, tax and accounting practices. We, at Marathon VC, are here to support our portfolio companies with the process so that you can stay focused on your mission.
Once you have your company incorporated in Delaware you can take a look at our term sheet template if you are interested in pursuing the VC path of growth.