Opening an LLC in the United States is a very important task that can have its complications, so it is recommended to choose to hire a company that offers opening and administrative management services.
However, the agency in question has to be reliable, safe and effective. Does Globalfy meet these requirements?
PS: If you are looking for a more reliable and cheaper alternative to Globalfy, complete this form with a detailed brief of your project and we will connect you for free with the best provider for your needs.
Our verdict
Globalfy is a very effective platform to open your LLC and bank account, but above all to delegate the accounting and tax management of the company.
They offer 3 plans: Starter ($588/year), Essential ($1,308/year) and Scale ($5,748/year), with Essential being the most interesting.
If you are looking to pay and forget about the administrative management of your LLC, Globalfy is an excellent option. If you are looking for cheaper, but less complete options, Firmaway is a better option.
4.5
4.5/5
- From $49 per month
- Process in 15 days average
- Does not have a free plan
Advantages
- Varied plans according to the needs of your business
- Complete support for the management of your LLC in Spanish, English and Portuguese.
- Various discounts with business partners.
Disadvantages
- The plans are standard, and sometimes include things you don't require
- They are more expensive than the competition for the same service
What is Globalfy?
Globalfy is a company born in 2015 that offers an all-in-one solution to create an LLC or corporation in the United States, and open a bank account in the country.
Globalfy is presented as the comprehensive solution for those entrepreneurs seeking to expand their horizons and conquer the US market.
What services do you offer?
Globalfy offers various services dedicated to technology, ecommerce, digital marketing, consulting services, and online training companies that want to do business in the USA, but they can be grouped into four broad categories.
Full LLC registration
First of all, Globalfy provides a complete registration of LLC or S-Corp in the state of your choice in the USA. They will request the relevant documentation and manage the entire procedure, uploading the data and verifying that everything is in order.
In about 15 business days, clients will have their incorporation documents, a registered agent, and their EIN. Thus, they will be able to operate their business internationally.
This is basically what is included in the Starter plan, for $588/year, along with opening the bank account.
Bank account and Visa card
In turn, the platform allows open a bank account with your respective Visa card to receive and send transactions in dollars and other currencies. The essential thing to know about the Globalfy bank account is:
- Financial security: Its association with Blue Ridge Bank, N.A., secures funds up to US$250 thousand.
- Ease of access: a social security number (SSN) or ITIN is not required, allowing international entrepreneurs to open an account with just their passport.
- The platform is completely online, eliminating the need for in-person visits or sending physical documents, a great plus for those who operate remotely.
The Visa debit card they offer is another strong point, with acceptance in more than 50 million establishments and ATMs. globally. This, along with the absence of maintenance, initial deposit, and debit card fees, as well as free access to ATMs and ACH transfers, make Globalfy a very attractive option for your LLC to accept and send payments.
Accounting and tax support
Meanwhile, Globalfy provides accounting and tax support for users, which means that specialists will be able to resolve any questions and problems related to the tax payment and the administration of tax documents.
Globalfy's accounting service is included in its plan. "Scale", offers fundamental accounting management, with monthly reports and tax preparation. However, it does not cover key areas such as accounts receivable and payable, or payroll processing. Basically, Globalfy's service is an accounting support oriented to the specificities of LLCs, and not a company to which to delegate accounting management comprehensively. Something important to know is that Globalfy has a limit of $50,000 in monthly expenses and support for a single statement. Large companies may face restrictions and additional costs with Globalfy's services.
Globalfy's tax preparation service, included in the "Essential" and "Scale" plans, makes it easy to submit your annual tax return to the IRS. However, it is important to note that the plan must be activated for a certain period before the end of the fiscal year. Other companies like Firmaway offer this service for $200, one-shot.
Discounts with partners
Finally, Globalfy has agreements with partners such as Zoom, Balance, Deel, Shopify, HubSpot, Salesforce, Intercom, Google Ads, Slack and a long etcetera. This way, customers will be able to save tens of thousands of dollars by working with some of these services.
SEE GLOBALFY PLANSWhat did we like about the Globalfy service?
If you had to describe the Globalfy service in one word it would be "complete". Although it has several plans and at first it may seem complex to detect which one is most useful, the truth is that the company is capable of managing practically all aspects of the creation and maintenance of an LLC in the United States.
In addition, its association with other platforms that helps obtain discounts is a very attractive extra, because workers who use any of these platforms will be able to save money.
At the same time, according to the users themselves, Globalfy's customer service is very effective and fast, capable of solving all kinds of questions and problems that may arise.
What are its disadvantages?
Among the disadvantages that make Globalfy not a perfect platform for everyone is its high annual and monthly cost compared to other competing alternatives.
Although its services are very complete, the truth is that some small independent workers may not need all of them, which makes the cost-benefit ratio begin to become poorer.
How much does it cost to open an LLC with Globalfy?
Opening an LLC with Globalfy will have a variable cost depending on the plan chosen:
- Starter: $49 per month.
- Essential: $109 per month.
- Scale: $419 per month.
In all cases, there is the possibility of making a single annual payment. In addition, you must also take into account the state registration fees for the various procedures.
Who do we recommend Globalfy to?
Unlike other alternatives, Globalfy is more recommended for intermediate companies that:- Look for all-in-one solutions for the management of their company
- Look for a reliable company, even if it is a few hundred dollars more expensive than the competition
- Look for long-term advice and support, more than a simple execution of administrative tasks
Get professional help to open your LLC
- Business experts in the USA
- Legal and accounting team
- Free first consultation
Written by
Ignacio Navarro
Ignacio Navarro is a Certified Public Accountant, graduated in 2020 from the National University of Tucumán. Founder of Start Companies since 2023, he advises clients worldwide on forming LLCs in the United States and on proper tax filing. His expertise combines legal, tax, and practical knowledge, offering a comprehensive service that spans from company formation to bank account setup and sales platform integration.
