Saturday 7 July 2012

Prepartion for the trip

In order to make the most of the time spend in the USA its important to have a few issues sorted before getting there. Some things like opening a bank account and setting up the EIN etc are compulsory while in the US, so while not start looking at .. Where are you going to stay? some of the good wepgaes where you can get this info are www.airbnb.com www.craigslist.com This is important to be able to have an address as soon as you are there and avoid wasting valuable time looking for a place. The longer the stay the better the price so its important to take into consideration to make the whole stay in one place rather than arriving in one place and move to another afterwords. Phone card. I was considering creditind to a skype account and using this to make phone calls but I wont be able to be accessible 24 7 so I look at the following options.. Another option, for while in the US, as these don't work outside of the US,is to get a pre-pay cell/mobile SIM card, it can provide a much cheaper option for incoming and outgoing calls. Some companies now offer a 1-year expiration if you put $100 of credit on your phone. Opening a USA Bank Account: You can open a bank account, even though you may not be a permanent resident of the USA. It is recommended to choose one of the larger banks, that has wire transfer facilities, on-line banking and can offer property investor loans, etc. JP Morgan Chase Bank could be one of the options. With them all you need is ato go to one of their branches with a passport and proof of address. And then from the main accounts be able to send out US dollar checks directly to pay bills and taxes, without having the waiting time sending checks from the the other side of the world. The problem is most of us don't have ITINs. Once you get this with your first tax return, your wiring will be easier. So while you wait for an ITIN, the key is getting in with a good retail bank manager. Establish yourself in with someone. Sure some companies can set you up with a bank account but being able to use the account is key! Address in the USA: The property title can be registered in a foreign address, along with insurances and other registrations. Although you may find having a USA address is just more convenient, especially when using US web site registration forms. As they may only allow USA addresses to be entered. If you have a Limited Liability Company (LLC) then your Registered Agent will need a US mailing address. Getting a US Mailbox There are companies that will provide you with a US mailing address and then forward your mail to you on a regular basis. Make sure your mailbox company offers a street address and not a PO box, as banks and certain mail order companies won't accept a PO box address. Most mailbox companies will take delivery of packages also and then forward them on to you. The UPS Store its one of the options.

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