The U.S. is one of the easiest jurisdictions in the world in which to do business. Regulatory barriers remain low; companies can quickly and easily establish a branch or business entity; labor and employment laws heavily favor employers compared to most other developed economies; and a well-developed, transparent legal system supports operations. However, companies must consider certain barriers to entry and business challenges before investing or establishing operations in the U.S.
Maryland serves as a natural gateway to the U.S. Located in the Mid-Atlantic, the state offers direct flights from Europe and is served by a rail line connecting it to Washington, D.C., Philadelphia, and New York. It also hosts 55 universities and provides a highly educated workforce. The region boasts shorter commuting distances, attractive housing, and excellent schools. The state also houses more than 15,000 life sciences and technology companies.
The Biden administration has actively worked to reshape the American economy by implementing lucrative new tax breaks and other incentives for advanced manufacturing. For example, the foreign-derived intangible income (FDII) provision reduces the effective corporate tax rate to 13.125% through 2025 (16.406% thereafter) on certain income a U.S. corporate taxpayer earns from foreign sales and services. Incentives such as the FDII provision further underscore the support and opportunities for doing business in the United States. To learn more about the incentives available in the State of Maryland, click here.