Organisations need an EIN to file their business tax return and to pay salary to their employees. Other than that, banks, brokerage houses, credit unions don’t allow corporations to have bank accounts without EIN.
EIN for Non-Citizens
Obtaining an Employer Identification Number (EIN) is a smooth process if you have a Social Security Number (SSN) or an ITIN for non-resident aliens. But for non-citizens, it can be a headache if due diligence is not observed. Almost all people hire lawyers after they obtain an EIN number to report their employment tax. Still, they don’t know that they can hire a lawyer on a retainer ship to help them with all the legal requirements of the business, including assistance to apply for EIN at a very optimum cost. I mean, if I have to eventually pay a lawyer, why not get maximum service for the same price?
This helps them in three ways:
1. Optimum cost for legal services as retainership is always more economical than solitary assignments;
2. The retained lawyers also understand your business better because they were the one who assisted in laying its international foundation thus they are able to deliver better and much more proficiency and accuracy in the work;
3. Zero chances of common mistakes in regulatory compliances, agreements and due diligence. All the complicated questions requiring legal expertise will be the responsibilities of your lawyer, giving you ample time to work on your product development and business strategies.
Following are some common queries we have assisted our client with:
- What are the requisite permission and compliances required before applying for an EIN?
- What is the difference between an EIN and Tax Identification Number? Can they be used interchangeably?
- How to ascertain in which category your employee falls? What are the consequences of misclassification?
- Who all can be responsible parties for EIN?
- When one needs to file Form SS-4 and when not?
- Do individual subcontractors require an EIN?
- What is the correlation amongst organisational structure, ownership of the business and an EIN?
- EIN doesn’t expire, but under what conditions can it be revoked?
- Can EIN and TIN be used interchangeably?
Obtaining EIN without SSN and ITIN
While this is possible, it is a lengthy procedure to obtain an EIN number and can cost you your billable time. We at USAIndiaCFO have a stellar record of securing a US EIN number for Indian entrepreneurs within three to four days, irrespective of SSN and ITIN.
SSN is for the US citizens and for authorized non-citizens residents (students on F1 visas, Green Card holders, etc). ITIN is for foreign-status residents including undocumented aliens, non-resident aliens, foreign companies, partnerships, and trusts require an ITIN.
SSN is needed to work, collect Social Security benefits and pensions, and are required in order to be eligible for other social services and every American has one as it serves National ID number for the purpose of various financial and medical services. ITIN is required to file for taxes by the non-residents.
USAIndiaCFO Advantage
US citizens with SSNs don’t need to pay any third party to obtain an EIN, you can simply apply online on the IRS’ website using this link (https://www.irs.gov/businesses/small-businesses-self-employed/get-an-employer-identification-number).
Obtaining an EIN number for your business in India can be challenging for non-citizens who may not have the necessary requisites such as a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN). However, we at USAIndiaCFO have over 10+ years of experience in this field and have successfully assisted international businesses in expanding their operations to the United States. Our expertise in obtaining EIN numbers for businesses has been acknowledged by top clients such as Blackstone Group, Bharti Airtel, Bajaj Finserv, Paperboat Apps, VSV Wins Group, Numiv Research, and thousands of other business ventures. With a track record of never disappointing a single client, we are confident in our ability to help you obtain an EIN number for your business.
Looking for professional assistance for your business? Contact us today.
We help you to obtain your EIN, along with providing a range of other services to take full accountability as the virtual CFO of your business.



