Firstbase.io Vs Doola: how do they compare to each other?

If you're an entrepreneur or founder looking to launch and grow a successful business internationally you may want to consider starting a foreign entity. The US is one of the of top options alongside the UK which is regarding as the financial capital of the world.

Even if you're not a resident or citizen of any of the above mentioned countries, creating a company in one of them is a good way to expand your business globally.

No matter where you are, you can launch a business in the US, become an established company and gain access to the world's best startup ecosystem. The country's large population and abundance of opportunities make it an appealing location for businesses looking to expand.

While starting a business in the US is a wise decision, the process of incorporating and getting it off the ground is not without difficulty, particularly for foreign entrepreneurs. But with the assistance of a business formation service, anyone with an online business that does not require you to be physically present in the US can establish a company in the US.

A business formation service can manage every aspect of your business formation process, whether you're creating a limited liability company (LLC) or a C- corporation organization. They offer professional guidance to help you open a new business while ensuring that you adhere to all state and local laws.

What is Firstbase?

Firstbase is an all-in-one business operating system designed to assist founders all over the world in launching, managing, and growing their companies.

Firstbase helps any organization to establish a Wyoming or Delaware-based LLC or C-corporation. Throughout the process, Firstbase provides a variety of options, allowing users to select the exact type of business they want.

Firstbase can handle everything from company formation to annual documentation filing, reducing your administrative workload to a bare minimum. This gives you more time to focus on developing your company,

Firstbase processes your paperwork and sends your applications to the appropriate state agencies after receiving your application. They process your application quickly and keep you informed every step of the way.

Even after your company is incorporated, Firstbase will prepare your legal documents, file your paperwork, and create all the necessary post-incorporation documents. All of these documents are viewable and manageable through your Firstbase dashboard.

Since its launch in 2019, Firstbase has assisted thousands of startup founders from various nations in establishing legal entities in the US and giving them access to the tools they need to build profitable businesses.

Firstbase gives users access to a select network of software programs with benefits worth over $200,000, increasing the productivity of your business and assisting in its expansion.

What is Doola?

Doola is a Company-as-a-Service platform that will assist you in establishing and launching your US business LLC, DAO LLC, or C Corp quickly and from any location. Doola helps international business owners in establishing a company in Delaware or Wyoming, much like Firstbase.

Doola offers company formation, AN Employer Identification NUMBER (EIN), a US address and bank account, access to US payments, a free tax consultation, US tax support, a phone number, and much more.

Doola offers a banking service for international companies that enables founders to open a US bank account remotely from any content without the need for a US Social Security Number.

A business checking account, domestic and international wire transfers, virtual cards, a physical debit card mailed to founders anywhere in the world, tools, and features to integrate with your US entity, and more are all included in Doola's banking offering.

Doola also provides ongoing compliance with the state and the Internal Revenue Service (IRS) to keep businesses compliant, making it an all-in-one platform for founders to launch, maintain, and grow their US businesses.

Doola estimates that the additional value-added services it already offers its clients are worth around $50,000, which is a significant financial boost for any startup.

Doola has already helped thousands of founders launch, maintain and grow their US businesses. Additionally, it already offers clients services that go far beyond company formation.

How Firstbase.io Works

To form your company with Firstbase, you must choose a company type and provide your company name. After receiving your application, Firstbase will begin the process of forming your company by submitting your forms to the appropriate state and federal agencies.

They will contact you and track your application's progress daily to ensure that your application is processed as quickly as possible.

You'll get your EIN and all the legal documents you need. Firstbase will then open a bank account for your newly formed company. Because of their full integration with digital banking partners, the application process is completely automated, so you won't have to worry about anything.

How Doola Works

To form your US company with Doola, you must first provide your company name, personal address, and email address. Once your business is established, Doola gets to work on your EIN application. An EIN is required to open a bank account.

You're ready to apply for a U.S. Bank Account through Doola's custom partner portal once you get your EIN. This step requires a passport.

Once your bank account is set up, we'll help you connect it to your payment processor so you can start accessing the payments sent to your account.

Firstbase Features

Firstbase has some interesting features, such as:

• US business incorporation services
• Virtual Address/Mailroom
• Registered Agent
• Internal Revenue Service (IRS) approval processing
• 24/7 customer service

Doola Features

Doola has some interesting features, such as:

• US business incorporation services
• Compliance Calendar
• US mailing address (no Mailroom)
• US business bank account
• IRS approval processing
• +$50,000 in discounts and bonuses
• 24/7 customer service

How does Doola and Firstbase Differs?

Doola is for entrepreneurs looking for a business filing platform solution to help them start, manage, grow, and run a US businesses. Firstbase is for entrepreneurs and startups looking to launch and manage a business in the United States. The two platforms does not have much of a difference in their offerings.

In contrast to Doola, Firstbase provides Virtual Address/Mailroom in four cities in the US; New York, Florida, Wisconsin, and Delaware. The Mailroom is a virtual mailbox service designed for businesses that want a real US street address for receiving postal mail but don't want the overhead of running one. Firstbase charges additional monthly fee for this service.

You can receive mail and packages from all delivery carriers and services using Firstbase Mailroom and view them online from your Firstbase dashboard.

Firstbase will scan and store an infinite amount of mail; alternatively, you can pay a small fee to have them forward it to another domestic or foreign address. Firstbase will dispose of your items after you receive them if that's what you'd like.

With its Loop, Firstbase provides businesses with a single application flow from which they can easily select and sign up for a wide range of services. In other words, Firstbase Loop serves as an application hub where users can apply for multiple banking, payment processing, and payroll applications in one location.

Firstbase Pricing and Hidden costs

The price of Firstbase starts at $399 for a one-time payment but it also has a hidden $99 charge for Regsitered Agent and you will be forced to pay another $35 monthly for their Mailroom service even if you don't need it. Firsbase has other pay as you go services that could run into thousands of dollars yearly.

Doola Pricing and Hidden Fees

Doola's pricing starts at $197. However the $99 fee does not covers the essentials of starting a business in the US. Doola also has a hidden registered agent fee of about $99 per year and other must addons which could run you thousands of dollars yearly.

Best Alternatives to Firstbase and Doola for Global Founders?

Incorpuk is one of the best alternatives to Firstbase and Doola for global entrepreneurs. Incorpuk is the easiest way for global enterpreneurs to start and manage a UK company, gain access to UK and international business banking as well as international payment gateways and global startup resources.

As a UK based started, Incorpuk is situated in London, UK which is highly regarded as the financial capital of the world. This is why Incorpuk is a top choice for global founders and have customers from over 180 countries since 2020.

Unlike Firstbase and Doola that has several hidden fees that would run you into thousands of dollars in unexpected expenses.