StateBay

Explore North America

North America represents one of the world's largest and most sophisticated business environments, anchored by the United States and Canada with their complementary strengths and integrated economies. The region offers unparalleled market access, deep capital markets, and diverse business formation options ranging from straightforward domestic structures to specialized vehicles for international operations.

The United States provides access to the world's largest economy and most liquid capital markets, though its complex federal and state tax system requires careful planning. Delaware has become the preferred state for corporate formations, with its business-friendly Court of Chancery, flexible corporate law, and well-developed body of legal precedent providing certainty for complex transactions. Nevada and Wyoming offer alternatives with enhanced privacy protections and favorable treatment of holding companies.

For international businesses, the US offers various structures including Limited Liability Companies, which provide flexibility in taxation and liability protection. The recent proliferation of state-level incentive programs, opportunity zones, and industry-specific benefits creates planning opportunities that extend well beyond traditional corporate tax considerations.

Canada combines political stability with a skilled, multicultural workforce and proximity to the US market. The country's extensive network of tax treaties, competitive corporate rates, and strong intellectual property protections make it attractive for businesses seeking North American presence without full US exposure. Provincial variations in regulations and incentives, particularly in Quebec and the western provinces, create additional planning considerations.

Both countries maintain sophisticated regulatory frameworks with robust financial systems, though compliance requirements can be substantial. Recent focus on beneficial ownership transparency, anti-money laundering, and international tax compliance means that businesses must approach North American structures with full regard for their compliance obligations.

For businesses targeting North American markets, the region's infrastructure, workforce, and market access advantages often outweigh the higher operating costs compared to other global regions. Strategic use of holding structures, treaty benefits, and available incentives can optimize the overall tax and operational efficiency of North American operations.