Do Foreigners Need a Tax ID (ITIN/EIN) to Open a Business in the U.S.?

Introduction

Foreign entrepreneurs often ask if they need a Tax ID to start a business in the U.S. The answer is yes—most businesses require either an ITIN or an EIN depending on the situation.

At Priority Taxes & Business Solutions, we help clients navigate these requirements with professionalism, honesty, and support.

What Is an ITIN?

• Individual Taxpayer Identification Number.

• For individuals without a Social Security Number.

• Used for tax reporting, not for work authorization.
  
  

What Is an EIN?

• Employer Identification Number.

• Required for most businesses to open a bank account, hire employees, and file taxes.

• Issued by the IRS to both residents and non-residents.
  
  

Do You Need One as a Foreigner?

• ITIN: Required if you must file taxes but don’t qualify for SSN.

• EIN: Required to legally operate a business in the U.S.
  
  

Conclusion

Whether you’re opening a small company or expanding internationally, having the right Tax ID is essential.

👉 Need help obtaining your ITIN or EIN? Contact Priority Taxes & Business Solutions today.