top of page
  • Writer's pictureJean Franco Fernández Clark

How to open an offshore company in Wyoming United States and not pay taxes?


At first, opening a company in the United States might seem a bit intimidating or complicated due to certain prejudices, especially the fear of dealing with the IRS, but the truth is that the United States could be considered the largest and friendliest tax haven in the world, and it is just that, among other reasons that give the United States this title, the truth is that the IRS treats companies whose owners are citizens or residents of the United States very differently compared to the treatment it gives to LLCs whose owner or owners are non-resident foreigners.


One of the many benefits of an offshore company in the United States is the price. The price to form an LLC in Wyoming with Offshore Affairs is just USD600, including a bank account, a much more affordable price than the second cheapest option on the market, which would be an LLC in Belize, but even so, the LLC in Wyoming offers much more benefits and flexibilities that much more expensive offshore companies formed in jurisdictions such as the Cayman Islands, Singapore, Jersey (Europe), Switzerland, the British Virgin Islands, Panama or any other jurisdiction that comes to mind do not give.


In addition, the United States is not part of the CRS, which is a treaty signed by many countries through which they report the ownership of bank accounts to each other in order to avoid tax evasion and money laundering. To explain what the CRS consists of, in summary, is for example you are French tax resident and you open a bank account in Switzerland or the Cayman Islands, these countries will report your ownership of this bank account to France (of course, there are ways to avoid this, such as for example, classifying the company that owns the bank account as a "trading company", among other ways).


But, you have to keep several things in mind before going and forming a company in the United States, to avoid making mistakes. For example, the IRS does not treat an LLC owned by only one foreign person the same way as an LLC owned by two foreign persons, or if you open a corporation (or an LLC taxed as a corporation).


The type of business you have also influences taxation if you have clients in the United States, for example if you provide professional or personal services to clients in the USA, it is very likely that you will not have any problems with taxes or the with the IRS if you do not live in the United States, but if your business cosnsits of selling merchandise to customers in the United States, you have to avoid having employees or offices in the United States so you do not pay taxes in the US by not creating what is called a “permanent establishment”.


An important difference with a Wyoming LLC in the United States with other offshore jurisdictions is that the LLC in the United States allows you to use the company to have clients in the United States. In practical terms, and to better illustrate the idea in this paragraph, if you form a company in Panama, you cannot have clients in Panama to avoid paying taxes, the same happens in the Cayman Islands, Belize, and the vast majority of offshore jurisdictions, while on the other hand, with a Wyoming LLC you can have clients in the United States and still not pay any type of tax there.


Regarding the annual requirements, we basically only pay $60 to Wyoming to do the annual report, and to the IRS (or federal liability) we only report transactions between the LLC and the owner (and with personal related to the owner such as family members of the owner or businesses where the LLC owner also owns that business).


Benefits of an Offshore company in the United States:

  • You can open an offshore corporate bank account in the United States.

  • Access to Stripe and/or PayPal.

  • Tax exemption.

  • There is no need to keep accounts or bookkeeping.

  • Asset protection.

  • Privacy about ownership: there is no public records on who is the owner of the LLC.

  • Bank account privacy: The USA is not part of the CRS and ranks as number 1 on the list of banking privacy worldwide.

  • Low annual maintenance cost: LLCs in Wyoming only pay $60 a year in state tax.

  • There are no federal taxes. Only transactions between the LLC and the owner are reported, but no taxes are paid (provided there is not US sourced income).

  • It can be used to acquire any type of property including property in any other country.

  • You can have customers in the United States, without necessarily having to pay taxes.


What is written above is just an introduction to how LLCs work in the United States as a tax haven, since we could talk so much about it that it would end up in a book, which by the way we already wrote, it's called Offshore States of America and you can find it on Amazon. I also have another one called Offshore Affairs that also covers the subject.


That is why we recommend that you contact us and tell us about your business model. We specialize in companies formed in the United States that do not pay taxes.


You can open an LLC in Wyoming with us by visiting the following link https://www.offshoreaffairs.com/wyoming-llc



Commenti


bottom of page