Generally, there are no restrictions on foreign ownership of a company formed in the United States. The procedure for a foreign citizen to form a company in the US is the same as for a US resident. It is not necessary to be a US citizen or to have a green card to own a corporation or LLC.

Is foreign sourced income taxable in US?

Foreign-source Income received by nonresident aliens is not subject to U.S. taxation. Non-U.S. Source Income is not applicable to payments to U.S. Persons (Citizens, Resident Aliens) performing work outside the U.S. as U.S. Persons are taxed on World-Wide Income per IRS regulations.

How to prove physical presence in the United States?

The applicant must demonstrate actual physical presence in the United States through documentation. USCIS will review all of the relevant records to assist with the determination of whether the applicant has met the required period of physical presence.

Who is exempt from the physical presence requirement?

Only applicants who are employed by or under contract with the U.S. government may be exempt from the physical presence requirements. All other applicants who are eligible to preserve their residence remain subject to the physical presence requirement.

What are the continuous residence and physical presence requirements?

Physical presence refers to the number of days the applicant must physically be present in the United States during the statutory period up to the date of filing for naturalization. The continuous residence and physical presence requirements are interrelated but each must be satisfied for naturalization.

Do you have to be physically present in a foreign country?

Also, if you are present in a foreign country in violation of U.S. law, you will not be treated as physically present in a foreign country while you were in violation of the law. Income that you earn from sources within such a country for services performed during a period of violation does not qualify as foreign earned income.