Wyoming, USACompany formation, tax and banking
The strongest US LLC law: no state income tax, protection from creditors, private ownership, and usually no US federal tax for non-US owners.
Wyoming invented the LLC (limited liability company) in 1977 and still has the strongest law for it. If someone sues a member, the most a court can usually do is take a share of payouts (a 'charging order'), not the company's assets — even for one-person LLCs. There's no state income tax, no public list of members, and yearly fees are a few hundred dollars. For a founder outside the US who needs a US company, it's usually the right one.
A Wyoming LLC owned by non-residents with no US income generally doesn't pay US federal income tax, but it still has to file Form 5472 and 1120 every year. People often forget, and the penalty is USD 25,000.
Why people choose Wyoming, USA
- No Wyoming state income tax, franchise tax or personal income tax
- Non-US owners with no US business income generally pay no US federal income tax
- Strong asset protection: a member's creditors usually only get a charging order
- Members aren't listed on the public Wyoming register
- US banking and Stripe or PayPal, set up remotely once you have an EIN
Where Wyoming, USA fits
- Asset protection LLCs
- Holding vehicles
- US market entry
Where Wyoming, USA fits in a structure
Typical role · The company your clients pay
The LLC is the company you invoice through. A one-member LLC is ignored for US federal tax ('disregarded'), so its profit counts as yours. With no US office, no US staff and nobody in the US acting for you, the US generally takes no income tax, and Wyoming has none. The tax question moves to the country where you live.
What it depends onIt only stays at 0% in the US while there's no US-source business income, Forms 5472 and 1120 go in every year, and your home country can still tax the profits: HMRC, for example, usually treats an LLC as a company rather than see-through.
A simplified picture to explain the idea, not a recommendation. General information, not tax or legal advice.
Opening a bank account
Mercury, Relay, Wise and Payoneer reliably serve LLCs owned by non-residents; traditional banks like Chase and Bank of America usually want you in person with a US address. You need an EIN (US tax number) before opening any account, which takes two to six weeks for non-residents.
How tax works here
No Wyoming state income tax, franchise tax or personal income tax. A one-member LLC is ignored for US federal tax ('disregarded'), so foreign-owned LLCs with no US-source business income generally pay no US federal tax — but still file Forms 5472 and 1120. The yearly state report fee is at least USD 60. What you pay overall depends on where you live: your home country can tax the profits, and HMRC, for example, usually treats a US LLC as a company rather than see-through.
Real presence, and who can see the owners
Members and managers aren't publicly listed on the Wyoming register — only the registered agent. Since FinCEN's final rule of August 2026, US-formed companies no longer file beneficial ownership (BOI) reports under the Corporate Transparency Act; the duty now only applies to foreign companies registered to do business in the US. Banks still check who owns and runs the company.
When to choose it
Choose Wyoming for an asset-protection LLC, for a founder outside the US who needs to invoice US clients and use Stripe or PayPal, or as a holding company where privacy and low cost decide it.
You get a written comparison, not a sales pitch.
Every Wyoming, USA recommendation comes as a written comparison with the alternatives — whether the setup will stand up to scrutiny, how easy banking will be, which tax treaties apply, who can see the owners, what it costs to run each year and the risk to your reputation — so you can see the trade-offs before you commit.
Considering Wyoming, USA? Get a written comparison first.
Answer six questions and our team will come back with a shortlist, rough costs and where you could bank.
Questions we hear on every Wyoming, USA intake.
- Do I pay US tax on a Wyoming LLC as a non-resident?
- Generally not, if there's no US-source business income, no US office and nobody in the US acting for you. Filing Forms 5472 and 1120 is still compulsory.
- Wyoming, Delaware or New Mexico?
- Wyoming for asset protection and privacy at low cost, Delaware for companies raising venture capital and big investors, New Mexico for the absolute lowest cost with no yearly report.
- I live in the UK. Does a Wyoming LLC still work?
- Be careful. You're taxed in the UK on the profits, and HMRC usually treats a US LLC as a company rather than see-through, so the same profits can end up taxed twice. Check it against your own facts first.
- Can I get a US bank account remotely?
- Yes, through fintech banks like Mercury or Relay once you have an EIN. Traditional banks usually want a personal visit.
What we typically deliver in Wyoming, USA
US LLC (Wyoming) for Non-US Owners
A Wyoming LLC for people who live and work outside the US. With no US office, staff or agent, the US generally charges no federal income tax on it and Wyoming has no state income tax. We set it up, get the EIN and the US bank account, and keep the yearly filings done.
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StructuresCorporate Structuring
Groups of companies across several countries: holding companies, companies that own your IP, joint-venture companies, and moving a company to a new country.
BankingInternational Banking
Personal introductions to 25+ private and business banks that are actively taking clients — UK, EU, Gulf, Asia, Caribbean, US.
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