Company Formation in Hungary for US Entrepreneurs
Company formation in Hungary offers access to the EU market, low taxes, and residency options. Learn about the steps, costs, and compliance rules.
Have you thought about expanding your limited liability company into Oregon? Before transacting business here, you must register as a foreign LLC with the Oregon Secretary of State. This process—called foreign qualification—makes your entity legally recognized in Oregon and ensures you meet all state-level requirements.
Below is a step-by-step guide covering the application for authority, required state fees, choosing a registered agent, and staying compliant long term. We'll also discuss the Wise Business account. The global account that can help your company with all things cross-border.
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Your LLC's legal name must be available in Oregon. If it's already being used by another registered entity, you must adopt and register an assumed business name. Name availability can be checked on the Oregon Secretary of State’s Business Registry1.
Every foreign LLC must have a registered agent with a physical mailing address in Oregon. This agent must be available during regular business hours to receive legal documents and government notices on behalf of your company.
This is the official form submitted to the Oregon Corporation Division2 to request foreign qualification. You’ll need to provide:
You can file online3 or by mail. The current state fee for foreign LLC registration is $275. The processing time is typically a few business days when filed electronically.
Once approved, you’ll receive confirmation of your LLC’s authority to transact business in Oregon. Keep this documentation on file as part of your company’s legal record.
Once you have established your business with an LLC, you’ll need a business account to manage your US finances. A Wise Business account is easy to open online and comes with no monthly fees. You can convert funds from your home currency to USD with low, transparent fees.
Wise is not a bank, but a Money Services Business (MSB) provider and a smart alternative to banks. The Wise Business account is designed with international business in mind, and makes it easy to send, hold, and manage business funds in currencies. You can get major currency account details for a one-off fee to receive overseas payments like a local. You can also send money to countries.
Some key features of Wise Business include: |
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Open a Wise Business account online
If your business is based outside Oregon but plans to operate within the state, registering as a foreign LLC comes with both advantages and obligations. Below is a quick overview of what to expect when expanding your nonresident limited liability company into Oregon.
Pros | Cons |
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Legal authority to transact business in Oregon | Additional state fees beyond the home jurisdiction |
Protection under Oregon limited liability company laws | Annual report filing requirements |
Access to Oregon’s growing markets (tech, clean energy, etc.) | Must maintain a registered agent with a physical Oregon address |
Eligible to apply for state and local business licenses | Must comply with both Oregon and home state regulations |
To keep your foreign LLC in good standing and avoid fines, delays, or administrative dissolution, you must meet several ongoing requirements. Here’s what nonresident business owners need to know:
Oregon’s appeal goes beyond its business-friendly environment. If your limited liability company is serving Oregon customers, working with local contractors, or leasing property in the state, you’re likely required to register as a foreign LLC.
Beyond legal compliance, registration offers several practical advantages:
If you don’t register your foreign LLC, you could face fines, owe back taxes, and lose the right to do business or sue in Oregon.
Registering a foreign LLC in Oregon does not mean you're forming a new business in the state. Instead, it means you're expanding an existing limited liability company—one that was originally formed in another state or country—to legally transact business in Oregon.
If you're a nonresident and want to launch a brand-new LLC in Oregon, you would go through the domestic formation process and file Articles of Organization with the Oregon Secretary of State5. That would create a new Oregon-based LLC.
But if your company is already established elsewhere and you simply want to operate within Oregon’s borders, you’ll need to complete a foreign qualification. This gives your existing entity the authority to operate in Oregon without creating a separate legal structure.
Feature | Oregon | California | Washington | Nevada |
---|---|---|---|---|
Filing Fee | $275 | $70 | $200 | $425 (includes business license + list) |
Annual/Biennial Report Fee | $100 (Annual) | $20 (Annual) + $800 franchise tax | $60 (Annual) | $350 (Annual) |
Franchise Tax | No | Yes – $800/year | No | No |
State Tax Structure | Pass-through | Pass-through (with minimum tax) | Pass-through | Pass-through |
Registered Agent Required | Yes | Yes | Yes | Yes |
Business License Required | Industry-dependent | Yes (statewide and local) | Yes (often local as well) | Yes (statewide) |
Processing Time | Few business days (online) | 5–10 business days | 2–3 business days (online) | 1–2 business days (online) |
If your company is expanding into Oregon, you need to register as a foreign LLC. File the Application for Authority, appoint a registered agent, and follow Oregon’s reporting and licensing rules. That’s how you get full legal permission to do business in the state—and position your company to grow in one of the West Coast’s most dynamic markets.
No. Your company is not required to lease or own a physical office in Oregon, but it must have a registered agent with a mailing address in Oregon. This agent must be available during regular business hours to receive service of process and other legal documents.
No. If your limited liability company is doing business in Oregon without proper foreign qualification, you risk significant consequences. These may include fines, back state fees, and the inability to file lawsuits or enforce contracts in Oregon courts. It’s important to complete the application for authority before beginning any commercial activity.
While Oregon doesn’t offer a precise legal definition, the state generally expects foreign entities to register if they establish an ongoing commercial presence. Common activities that qualify as transacting business include:
Even operating a website that targets Oregon residents, attending trade shows, or conducting regular client meetings may trigger registration requirements. If your entity engages in any of these activities, you’ll likely need to register as a foreign LLC to stay compliant.
When filed online through the Oregon Secretary of State, most applications are processed within 2–3 business days. Mailed submissions may take up to a week or more, depending on workload and delivery time. Online filing is generally faster and more convenient for out-of-state businesses.
The registered agent must have a street-level mailing address in Oregon—PO boxes are not accepted. Similarly, your LLC’s principal office must be listed with a physical address. This ensures that the state can reliably deliver official notices and correspondence.
Yes. All foreign LLCs must file an annual report with the Secretary of State to stay in good standing. The report updates your company’s contact information and confirms that your registered agent and business details are still accurate. The filing fee is $100, and failure to file can lead to administrative dissolution or revocation of your authority to do business in Oregon.
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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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