A couple of years ago, I filed for an ITIN using a service called EIN Express. Thanks to that, I managed to open bank accounts in the US with 4.3% interest rates, and also get amazing credit cards with sign-up bonuses and rewards (yes, I’m a card freak). This year, my partner wanted to do the same, but instead, we used Doola.
Our experience was totally different. The application was fully online, and you immediately get reached out by their experts who guide you through the process. After you send them a few documents (such as passport and utility bill), Doola gets your application processed right away. Overall, it was almost 4 weeks faster than our previous experience, and also cheaper.
Doola is one of the easiest and cheapest way to get an ITIN number in 2023, or even form a company, such as starting an LLC as a foreigner. The service is fully online, and with a few papers, they will get you an ITIN number with the IRS in a matter of weeks. I’ve used other alternatives in the past, such as EIN Express, and found that Doola was faster and cheaper.
5 Reasons To Choose Doola
- Global availability: Doola is available to businesses from anywhere in the world, while other platforms are only available to businesses in the US. This makes it a great option for businesses that want to expand into the US market or for businesses owned by non-US residents.
- Easy to use: Doola’s platform is designed to be easy to use, even for non-technical users. This makes it a great option for businesses that are just starting or that don’t have a lot of experience with company formation.
- Affordable: Doola’s pricing is very competitive. This makes it a great option for businesses that are on a budget.
- Excellent Resources: They have outstanding blog articles, guides, and tutorial with everything you need to know.
- Comprehensive: Doola provides all the services you need to start or grow your business, including company formation, EIN, US bank account, payment processing, and compliance. This saves you time and hassle from going to multiple providers.
- Customer support: Doola offers 24/7 customer support. This means that you can always get help if you need it.
Doola Review (2023)
What is Doola?
Doola is a company formation platform that makes it easy for anyone, from anywhere in the world, to set up a US-based LLC, get a US bank account, and access all the payment products and financial services typically reserved for US-based businesses.
What does Doola offer?
- Easy to use: Doola’s platform is designed to be easy to use, even for non-technical users.
- 100% money-back guarantee.
- Affordable: Doola’s pricing is very competitive.
- Comprehensive: Doola provides all the services you need to start or grow your business, including company formation, EIN, US bank account, payment processing, and compliance.
- Global: Doola can help you set up a US-based LLC from anywhere in the world.
- Free consultation, so you can ask questions and get help choosing the right services for your business.
- They have a team of experts who can help you with all aspects of company formation, from choosing the right state to filing the paperwork.
- They offer a variety of payment processing options, so you can choose the one that best suits your needs.
- They are constantly adding new features and services to their platform, so you can be sure that you are always getting the latest and greatest.
How to get an ITIN with Doola
To get an ITIN number using Doola, follow these steps:
- Go to the Doola ITIN website and create an account.
- Choose the “Get an ITIN” service.
- Enter your personal information, such as your name, address, and contact information.
- Upload scanned copies of your passport or other government-issued ID and a document that proves your foreign residency.
- Pay the filing fee.
- Doola will take care of the rest, including submitting your ITIN application to the IRS.
The IRS will review your application and send you a decision letter within 60 days. If your application is approved, you will receive your ITIN in the mail.
Keep in mind that to apply for an ITIN, you must meet these requirements:
- You must be a non-US citizen or permanent resident.
- You must be able to provide proof of your foreign residency.
- You must pay the filing fee, which is currently $55.
- The processing time for an ITIN application is 60 days.
Doola only works with IRS Certifying Acceptance Agents (CAA). Trusted relationships with Certifying Acceptance Agents (CAA). They also have a 100% money-back guarantee.
Doola will handle the application for you and will submit your application to the IRS. Your application is submitted promptly and accurately. You will be able to get real-time updates from the IRS on processing times for ITINs
Doola Formation: How to Start a US company with Doola
To get started setting up a company in the US as a foreigner, follow these steps:
- Go to the Doola website and create an account.
- Choose the type of entity you want to create. Doola supports LLCs, C Corps, and DAO LLCs.
- Enter your business information, such as your company name, address, and contact information.
- Choose the state where you want to form your company.
- Select the features you want to include, such as EIN, US bank account, and tax filing.
- Pay the filing fee.
- Doola will take care of the rest, including filing the paperwork and getting your EIN.
What you need to provide: a valid email address and phone number, a valid credit card or bank account information to pay the filing fee, a scanned copy of your passport or other government-issued ID, and a scanned copy of your utility bill or other document that proves your address.
1. Doola Books
If you have formed your company through Doola, you can also opt-in for Doola Books, which is a financial management platform that allows you to easily manage your business finances. They offers a variety of features, including:
- Income and expense tagging: You can easily tag your income and expenses to keep track of where your money is going.
- Ability to Link Multiple Bank Accounts: doola books lets you link multiple bank accounts to the platform, making it easy to view all of your financial information in one place.
- Financial Health Reports: The platform provides financial health reports, giving you an overview of your business’s financial performance to help make informed decisions.
- Automatic Bank Reconciliation: Doola Books can automatically reconcile your bank statements, saving you time and hassle.
- Integration with Doola Invoicing: Doola Books integrates with Doola Invoicing, so you can easily track your invoices and payments.
They have different pricing tiers. For just invoicing, you pay as little as $5 per month. The whole doola books subscription costs $30 per month. They also offer 10%-30% discounts if the year is paid in full, and options for startups or growth businesses.
2. Doola Taxes
Doola also offers the doola Taxes service that helps businesses stay compliant with US tax laws. The handle tax filing (state and federal taxes), tax planning (to minimize your liability), tax compliance (to help you stay compliant with all US tax laws, including filing deadlines and reporting requirements), tax automation (gathering and organizing your tax documents, and tax support (24/7 support to help you with any tax-related questions or issues).
3. Doola Banking
With doola Banking, your business can open a US bank account without having to be physically present in the US. This is a great option for businesses that are owned by non-US residents or that want to expand into the US market.
Some of the pros of doola Banking are:
- Easy account opening: You can open a bank account with Doola Banking in minutes, even if you are not a US resident.
- No minimum balance: There is no minimum balance requirement for Doola Banking accounts.
- No foreign transaction fees: You can make and receive payments in US dollars without incurring foreign transaction fees.
- 24/7 customer support: Doola Banking offers 24/7 customer support in English and Spanish.
Pricing: How much does Doola cost?
Doola offers a free trial so you can try out their services before you commit to a plan. When it comes to their pricing structure, they offer the following packages:
- Doola Starter ($297 per year). This plan is for businesses that need to create a single entity. It includes basic features such as company formation, ITIN or EIN, and US bank account. Also regular compliance reminders.
- Doola Premium ($897 per year). All features in Starter, plus annual compliance filing, doola Books, and doola Invoicing.
- Doola Total Compliance ($2397 per year). Premium with IRS Tax Filings, expedited processing, and doola Sites.
|Doola Starter||Company formation, domain name, US bank setup assistance, and regular compliance reminders.||$297/year|
|Doola Premium||All features in Starter, plus annual compliance filing, doola Books, and doola Invoicing.||$897/year|
|Doola Total Compliance||Premium with IRS Tax Filings, expedited processing, and doola Sites.||$2397/year|
Doola has more than 1200 reviews on TrustPilot with an excellent score of over 4.7. In addition, Doola has great reviews on Google, and over 2000 testimonials from people around the world that successfully got their ITIN, EIN, or company formed.
There are a number of services that offer the same as Doola, including one I also used called EIN Express (which was also smooth).
Among its competitors, you can find Stripe Atlas, ZenBusiness, LegalZoom, FirstBase, NorthWest, IncFile, Clerky, and Corpnet. Overall, the key competitive advantages of Doola against its competitors are its pricing, support, and global reach.
Have a look at how Doola compares with others regarding the price:
Conclusion: Is Doola Worth it?
Overall, doola is not only a totally legit service, but it’s also one of the most complete and cheaper services to get an ITIN number online, get an EIN, start an LLC as a foreigner, and more. My experience was up to 4 weeks faster than my previous application, and they also helped me do bookkeeping and tax filing to stay compliant.
There are a number of alternatives out there, such as EIN Express, which I’ve used before, but Doola’s customer service, price, and user interface crush every other option I’ve seen in 2023.
As usual, you can leave a comment below or reach out to me via Instagram if you have comments, questions or suggestions.