Americas Company Formation
The world's largest economy and dynamic Latin American nearshoring hubs. Delaware, Wyoming, Texas, and Nevada lead for US incorporation, alongside Canada, Costa Rica, and Panama.
Delaware
1–2 business daysTax: 0% state (no DE operations) / 21% federal
Wyoming
1–2 business daysTax: 0% state; 21% federal (C-Corp only)
Texas
2–4 business daysTax: 0% state income tax (Franchise Tax margin tax applies)
Florida
2–4 business daysTax: 0% state (LLC pass-through); 5.5% (C-Corp over $50k exemption)
New York
2–5 business daysTax: 6.5%–7.25% state (plus NYC General Corporation Tax if operating in NYC)
California
2–5 business daysTax: 8.84% state corporate tax (C-Corp); 8.84% on LLC net income over threshold
Washington
2–4 business daysTax: 0% state corporate income tax (Business & Occupation gross receipts tax applies)
North Carolina
2–4 business daysTax: 2.5% state corporate income tax (lowest in the US, phasing to 0% by 2030)
Georgia
2–4 business daysTax: 5.39% flat state corporate income tax (reducing to 4.99%)
Illinois
2–4 business daysTax: 7.0% state corporate tax + 2.5% Personal Property Replacement Tax (9.5% combined)
Massachusetts
2–4 business daysTax: 8.0% corporate excise tax (plus $2.60 per $1,000 of taxable tangible property/net worth)
Colorado
1–2 business daysTax: 4.4% flat state corporate income tax
Nevada
1–2 business daysTax: 0% state corporate income tax (Commerce Tax applies over $4M revenue)
Arizona
2–4 business daysTax: 4.9% flat state corporate income tax
Virginia
2–4 business daysTax: 6.0% flat state corporate income tax
Tennessee
2–4 business daysTax: 6.5% excise tax (plus 0.25% franchise tax on net worth/property)
Utah
1–2 business daysTax: 4.65% flat state corporate income tax
New Jersey
2–4 business daysTax: 6.5% to 9.0% NJ Corporation Business Tax (CBT); 21% federal CIT
Pennsylvania
2–4 business daysTax: 8.49% (phasing down to 4.99% by 2031); 21% federal CIT
Ohio
1–2 business daysTax: 0% state corporate income tax (replaced by CAT: 0% up to $3M gross receipts, then 0.26%)
Oregon
1–2 business daysTax: 6.6% (income ≤ $1M), 7.6% (income > $1M); 21% federal CIT; 0.57% CAT on sales > $1M
Canada (Federal)
1–2 business daysTax: 15% net federal (9% small business CCPC rate; provincial tax applies)
Ontario
1–2 business daysTax: 11.5% Ontario CIT (3.2% small business rate; 26.5% combined general rate with federal)
British Columbia
1–2 business daysTax: 12.0% BC CIT (2.0% small business rate; 27.0% combined general rate with federal)
Alberta
1–2 business daysTax: 8.0% Alberta CIT (lowest in Canada; 23.0% combined general rate with federal)
Quebec
2–4 business daysTax: 11.5% Quebec CIT (3.2% small business rate; 26.5% combined general rate with federal)
Nova Scotia
2–4 business daysTax: 14.0% NS CIT (2.5% small business rate; 29.0% combined general rate with federal)
Manitoba
2–3 business daysTax: 0% provincial small business rate up to $500K / 12% general (+ 15% federal = 27% combined)
Saskatchewan
1–2 business daysTax: 1% / 2% small business rate up to $600K / 12% general (+ 15% federal = 27% combined)
Mexico
2–4 weeksTax: 30%
Brazil
2–4 weeksTax: 34% combined (15% IRPJ + 10% surtax + 9% CSLL)
Panama
5–7 business daysTax: 0% foreign-source; 25% local income
Costa Rica
1–2 weeksTax: 0% foreign-source; 5%–30% domestic (0% in Free Trade Zones)
Chile
3–5 business daysTax: 27% First Category Tax (CIT) / 25% Pro-Pyme small business rate
Colombia
1–2 weeksTax: 35% standard CIT (20% in Free Trade Zones)