North America Common Law
Fintech and financial services founders, New York, USA
New York is the global financial capital: Wall Street, NYDFS BitLicense, the largest fintech hiring market in the US, and proximity to every major bank, exchange, and prime broker. For fintech, payments, capital markets, and insurance founders, NY presence is often a procurement and credibility prerequisite. NY State CIT is 6.5% general (8.85% in NYC) plus federal 21%.
Wall Street fintechNYDFS BitLicenseBank gravity
Start setup {placement} 4 min · no card required
Corp tax
21%
Fastest setup
5-15 days
Tax treaties
68
Region
North America
What you'll need
- No resident director required
- Remote-friendly, no local office
- No substance requirement
- Minimum capital: No minimum capital
- Administrative language: English
- Legal system: Common law
Tax and treaty profile
- Corporate tax 21%
- Effective rate ~30%
- Tax treaties 68
- VAT rate 8.875%
- Withholding on dividends 30%
Key treaty partners
UKCanadaGermanyFranceJapanAustralia
Banking and payments
- Banking is straightforward
- Stripe supported
- Mercury supported
- Wise supported
- Crypto banking available
- EMI license framework available
Considerations
If you want to avoid the LLC publication requirement
New York is the only US state with an LLC publication requirement (NY LLC Law §206): the LLC must publish notice of formation in 2 newspapers (1 daily, 1 weekly) in the county of registered office for 6 consecutive weeks, costing $1,000 to $2,000 typically. For LLCs without this overhead:
$1,000 to $2,000 publication cost6 week publication periodNewspaper certificate filing