Do I pay US tax on a Wyoming LLC as a non-resident?

Generally not, where there is no US-source effectively connected income, no US office and no dependent agent in the US. Filing Forms 5472 and 1120 is still mandatory.

Wyoming, Delaware or New Mexico?

Wyoming for asset protection and privacy at low cost, Delaware for venture-backed C-corps and institutional investors, New Mexico for absolute lowest cost with no annual report.

Can I get a US bank account remotely?

Yes, through fintech banks such as Mercury or Relay once you hold an EIN. Traditional branch banks generally require a personal visit.

Jurisdiction · Americas

Wyoming, USA

The strongest US LLC statute, with charging-order protection and private ownership.

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Overview

Wyoming created the LLC in 1977 and still has the strongest statute: sole-remedy charging-order protection even for single-member LLCs, no state income tax, no public member register, and annual fees of a few hundred dollars. For a non-US founder who needs a US entity, it is usually the right one.

A Wyoming LLC owned by non-residents and earning no US-source income is generally not subject to federal income tax, but it must still file Form 5472 and 1120 annually. That obligation is routinely missed and carries a USD 25,000 penalty.

Typical use-cases

Where Wyoming, USA fits

Asset protection LLCs
Holding vehicles
US market entry

Banking

Banking landscape

Mercury, Relay, Wise and Payoneer serve non-resident-owned LLCs reliably; traditional banks such as Chase and Bank of America usually require in-person attendance and a US address. An EIN is required before any account opening and takes two to six weeks for non-residents.

Tax

Tax & reporting

No Wyoming state income tax, franchise tax or personal income tax. A single-member LLC is a disregarded entity for US federal tax, so foreign-owned LLCs with no US-source effectively connected income generally pay no US federal tax, while still filing Forms 5472 and 1120. Annual state report fee is USD 60 minimum.

Substance

Substance & register visibility

Members and managers are not publicly disclosed on the Wyoming register — only the registered agent. Beneficial ownership reporting under the Corporate Transparency Act applies to domestic reporting companies; the current rule exempts US companies and requires reporting only from foreign entities registered to do business in the US, so scope should be confirmed before filing.

Decision

When to pick this jurisdiction

Pick Wyoming for an asset-protection LLC, for a non-US founder who needs to invoice US clients and hold Stripe or PayPal, or as a holding vehicle where privacy and low cost are decisive.

The director's view

Written up as a comparative shortlist.

Every Wyoming, USA recommendation is delivered as a comparative memorandum — substance defensibility, banking access, treaty coverage, register visibility, cost to maintain and reputational risk — so the client can see the trade-offs before committing.

Next step

Considering Wyoming, USA? Get a written comparison first.

Answer six questions and a director will come back with a shortlist, indicative costs and banking route.

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Frequently asked

Questions we hear on every Wyoming, USA intake.

Do I pay US tax on a Wyoming LLC as a non-resident?: Generally not, where there is no US-source effectively connected income, no US office and no dependent agent in the US. Filing Forms 5472 and 1120 is still mandatory.
Wyoming, Delaware or New Mexico?: Wyoming for asset protection and privacy at low cost, Delaware for venture-backed C-corps and institutional investors, New Mexico for absolute lowest cost with no annual report.
Can I get a US bank account remotely?: Yes, through fintech banks such as Mercury or Relay once you hold an EIN. Traditional branch banks generally require a personal visit.

Relevant services