Applying for an EIN is quick if you’re doing it online. The IRS issues your EIN instantly after you submit your application. Keep in mind, online submission only applies if you are a US resident with an SSN (Social Security Number).
If you’re a non-US resident that has set up a US-registered company, you must apply by fax or by mail. If applying by fax, it usually takes 4 to 5 business days. EIN applications sent by mail take the longest, about 4 to 6 weeks, depending on IRS workload. As a non-US resident, you cannot apply for an EIN online or by phone.
If you’re applying for an EIN as a company that was registered or formed outside the US, you have the option of applying by phone, by fax or by mail. If you’re applying by phone, you may receive your EIN on the same day or the next business day.
Why do EIN processing times vary?
EIN processing times can vary due to several factors, including the application method and the current IRS workload. Processing can slow down during peak tax seasons, and errors in EIN applications may lead to delays. For international businesses (companies that are registered or formed outside the US), additional verification steps can also extend the timeline.
Why am I seeing two different average wait times?
EIN processing times for US residents with an SSN are much faster than for non-US resident business owners.
Why should I submit my EIN processing times to EINwaittime.com?
Once you’ve received your EIN from the IRS, you can help other business owners by sharing your processing timeline and any advice you may have based on your application experience. This allows EIN applicants to see the latest, up-to-date wait times.
Sharing your EIN processing times takes less than a minute and helps to ensure we’re providing accurate information.
Why is my EIN application taking longer to process?
There are a few reasons your EIN application might be delayed. If you applied by fax or mail, processing can take weeks or even months due to IRS backlogs. Peak tax seasons can slow things down, and errors in your application may require additional review. You can try calling the IRS at 1-800-829-4933 to check your application status, or speak with your registered agent if they applied for an EIN on your behalf.
What is the current EIN waiting time?
EINwaittime.com shows you the current average waiting times for recent applicants who received their EIN. You can find the latest information on EIN processing times at the top of this page.
How do these times differ from what the IRS or registered agents provide as guidelines?
The IRS provides limited guidance in terms of expected EIN processing times. Information from your registered agent may or may not be accurate, depending on how many applicants they process. EINwaittime.com provides the latest timelines crowdsourced from recent applicants, which increases your odds of seeing reliable, accurate data.
What is an LLC and how do I form one in the US?
A Limited Liability Company (LLC) is a business structure in the United States that offers benefits such as liability protection, improved access to the US market, and pass-through taxation. As a business owner, founder or entrepreneur, you don’t need to be a US citizen or resident to set up an LLC.
Registering an LLC typically requires choosing a state (Delaware and Wyoming are popular for their business-friendly laws), selecting a unique business name, hiring a registered agent with a US address, filing Articles of Organization, and getting an Employer Identification Number (EIN) from the IRS.
Can a foreigner or non-US resident open an LLC in the United States?
Yes, a foreigner or non-US business owner can open an LLC in the United States without needing to be a US citizen or resident. Keep in mind, foreign-owned LLCs will have specific tax reporting requirements to consider.
Do I need a Social Security Number (SSN) to start an LLC as a non-resident?
No, you don’t need a Social Security Number (SSN) to start an LLC or apply for an EIN as a non-resident.
Banking & Fintech FAQs
Which US banks allow non-residents to open business accounts?
Companies like Mercury, Adro, Relay and Wise are all options for international business owners and founders outside the US. From there, you can connect your US dollar account to other services such as Stripe, PayPal and QuickBooks.
Can I open a US business bank account without visiting the country in person?
Many US banks often require an in-person branch visit to open a business account, which means booking an expensive flight. Other companies like Adro, that specialize in working with non-US business owners, offer an online sign up process for deposit-insured business accounts that don’t require you to physically be in the US.
How do services like Wise and Brex support international entrepreneurs?
Wise offers multi-currency accounts with local bank details in the US, so you can send, receive, and hold money globally with low fees. Brex caters to startups with cash management accounts and corporate cards. Both services make it possible to operate a US business without a physical presence.
Can I use Stripe for my US business as a non-resident or foreign founder?
Yes, you can use Stripe for your US business as a non-resident or foreign founder. You’ll need to form a US business entity (typically by registering an LLC or C Corporation), get an Employer Identification Number (EIN) from the IRS, and set up a US business bank account, address and phone number.
What’s the difference between traditional banks and fintech solutions for business owners?
Traditional US banks offer a wide range of financial services with strong regulatory backing, physical branches, and long-standing customer trust but they often come with slower processes, more paperwork, and stricter requirements. Fintechs are digital-first platforms that prioritize convenience, speed, and innovation. Fintechs offer services like instant online account setup and direct integrations with business tools. While banks provide stability and security, fintechs excel in flexibility and user experience, which makes them appealing to startups and entrepreneurs.
What should I look for in a business credit card for non-US resident LLCs and startups?
Try to focus on business credit cards that accept applications with just an EIN, since many card issuers will require a US Social Security Number. Look for providers that specialize in working with international business owners, such as Adro or Brex.
As a foreign business owner, make sure whoever you choose allows remote onboarding and supports non-resident documentation, such as a passport. Some platforms may require a US partner or registered agent, so reviewing the eligibility criteria is key.
Tax & Accounting FAQs
Do I need to file US taxes if I own an LLC but don’t live in the US?
Yes, even if you don’t live in the US, you’ll generally need to file tax forms if you own a US-based LLC. Even if no tax is owed, filing is still required for your business to stay compliant and avoid penalties.
How does owning an LLC affect my personal tax obligations as a foreign entrepreneur?
What accounting tools can help manage my US LLC finances?
QuickBooks and Xero are popular choices with robust features and international support. If you’re just starting out as a business owner, Wave and FreshBooks are also good options. To help make things easier, when looking for a business bank account choose one that offers direct integration with your preferred accounting tools.
Should I hire a US-based accountant for my foreign-owned LLC?
Hiring a US-based accountant is highly recommended if you have a foreign-owned LLC. Federal and state tax rules for non-resident business owners can be pretty complicated, and missing key filings can lead to fines and penalties.
Visa, Passport & Identity FAQs
Can I form a US LLC without a US passport or visa?
Yes, you are allowed to register an LLC in the United States without a US passport or visa. You’ll need to choose a state (like Delaware or Wyoming), hire a registered agent with a US address, file your Articles of Organization, and apply for an Employer Identification Number (EIN) from the IRS. While you don’t necessarily need a visa to form the LLC, you would need one if you plan to live or work in the US physically.
