Why Us?
Offshore Affairs is an International Law Firm specialized in Offshore Company Formation, hence we focus on Wyoming the formation and management of US formed companies that are tax-exempt.
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By forming your LLC with us, you make sure that you are opening an offshore company in the US with a service provider that totally understands your international tax planning purposes, and is able to provide company management service that are focused on your type of entity, US LLC used as an offshore company
Our Services in Wyoming
We at Offshore Affairs provide tax exempt offshore company formation in Wyoming, USA, to non-residents and foreigners. We also provide to our clients company management related services, including, but not limited to:
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Wyoming LLC Formation
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Wyoming Registered Address and Agent.
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W-8Ben and W-8Ben-e Form
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US Bank Account and Offshore Bank Accounts
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State Annual Report
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Operating Agreement
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Beneficial Ownership Report to FinCEN
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EIN for Foreigners
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Yearly federal compliance
Why Open an Offshore Company in Wyoming?
A U.S. LLC can be used as a tax-free entity if structured correctly. Having a company in Wyoming can allow you to operate under a company from a prestigious jurisdiction, be able to access payment gateways like Stripe and PayPal, business and market opportunities , financial products, open US and Global Account while having a US billing address, all under a tax-free environment. Some of this benefits are:
- Fast formation: the company is formed in less than 24 hours.
- Not part of the CRS.
- 0% State and Federal tax if the company does not engage U.S. Trade or Business.
- Remote USD and multicurrency accounts opening
- Only US$60 in State Annual fee. In contrast, Delaware’s is US$300.
- Great for online entrepreneurs, e-commerce, and Start ups.
- Holding company
- Can open offshore bank accounts in offshore jurisdictions.
- Company ownership is not on public records
- No Economic Subtance Requirements.
How are Wyoming LLCs taxed?
US LLCs are taxed based on their tax classification. US LLCs owned by a single member who is a foreigner will be classified as a foreign-owned US Disregarded entity, which will not pay US federal nor State taxes if it does not have US-sourced income or effectively connected income. If the LLC has two members or more, regardless of their residency, it will be taxed as a partnership.
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Click the button below to read our US LLCs tax guide.
Wyoming Formation LLC Price
When forming the LLC, we give you the following perks with no extra fees:
Extra: Free Counseling and Guidance on the LLC taxation, management, and yearly compliance*
Extra: Free referral to one or two of our fintech banking partners.
Extra: Free Single Member LLC Operating Agreement Template
Extra: Free Automized Digital Ledger for yearly federal compliance
Extra: Register of Directors
Extra: Register of Members
How to open a Wyoming LLC using Offshore Affairs services
Photo of ID document
To open a Wyoming LLC, we will need to verify the company's owner identity, hence the owner has to provide us with a photo or scanned copy of an identity document like national ID card, passport, driving license, or document alike.
The document does not need to be a certified copy, and we do not request proof of address.
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Fill out our company formation questionnaire:
The company owner has to fill out a simple company formation questionnaire where information relevant to the company and owner is provided. This form will request the filler to upload the ID document photo.
After we have received the form submission and payment, we take care of the rest.
Economic Substance Requirements for Wyoming LLCs
LLCs formed in Wyoming, or any other state, are not subject to economic substance requirements. This means your tax exempt US LLC will not need to prove it is a tax resident in another jurisdiction in order to keep its tax-free status, won't have to fill out every year a form saying the LLC didn't engage in "relevant activities", the LLC won't need to have an office space or employees in the USA by virtue of ESR, etc. This applies to both LLCs treated as a foreign-owned US disregarded entity (single member LLC) or an LLC with a Partnership tax classification.
How long does a setting up a Wyoming LLC take?
Company Formation: A Wyoming LLC is formed in less than 24 hours. From this moment you can operate your company and start trading, sign contracts, etc., except those activities where you need an EIN.
EIN: We should receive your EIN Number in about 2 weeks after we have faxed the application. This timeframe is an estimate and might vary depending on the IRS workload and season. The EIN will be useful to open bank accounts, sign up on platforms, etc.
Bank Account Opening: to open the bank account, the majority of banks and EMIs ask for the EIN confirmation Letter. o EIN Number. Wise is an option that allows you to request the Business Account Opening without having received the EIN Number yet.
Beneficial Ownership Information Report to FinCEN
Starting January 1st, 2023, newly formed companies have to report their owner and persons of significant control information to FinCEN. Information to be reported includes the owner's name, address, passport information and image, company name, address and EIN, plus the organizer's information as well. This information has to be reported within 90 days after the company has been formed.
Wyoming LLC Articles of Organization
A Wyoming LLC is formed by filling the Articles of Organization before the Secretary of State. The Articles of Organizations can be filled and submitted online, by mail or in person.
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The Articles of Organization requires the following information to be submitted:
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Name of the LLC
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Duration of the LLC, which can be perpetual.
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Registered Agent Name and Address.
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The LLC's main place of business and mailing address.
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Organizer information.
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Additional articles.
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When filling the Articles of Organization it is not required to disclose who owns the LLC, but when filling it, it must be filled correctly so we avoid the owner's name or address to be disclosed unnecessarily in case the owner wants privacy, as this information will be shown on the public records and cannot be deleted.
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The Secretary of State does not require domestic LLCs to submit their Operating Agreement.
Wyoming LLC Operating Agreement
A Wyoming LLC Operating Agreement is a document that sets out the rules that will regulate the LLC, the relationship of the Members, etc. It contains, at a minimum, the following clauses, regulation, and/or information:
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LLC legal name.
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Initial registered agent name and address.
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How it is manager (Member Managed or Manager Managed).
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Interest ownership percentage of its members.
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How it will elect to be taxed.
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Rules for holding meetings, and voting rights, quorum, etc.
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Profit and los allocation.
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Duration.
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Dissolution.
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Heirs rights.
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State and date of formation
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Initial contributions made by the members.
The Operating Agreement is an internal document, but it can be asked by some banks when opening a corporate bank account, or when requesting a credit.
EIN For Non-Resident Foreigners
The EIN is your LLC's federal tax ID. This EIN is requested by banks to open your account, to register on platforms, payment gateways, etc. It is also used when filling out your Wyoming LLC's information returns.
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Non-Resident foreigners can obtain this EIN without having a Social Security Number or having an ITIN.
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The Employer Identification Number (EIN), or the LLC tax number, is obtained by filling SS-4 before the IRS.
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Non-Residents and/or Foreigners cannot generate the EIN online and automatically since they don't have a Social Security Number. SS-4 applications by foreigners is received only by mail or by fax, being fax the fastest way to obtain the EIN number from the IRS, taking about 1 to 2 weeks.
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Along with the SS-4, copy Articles of Organizations approved by the Secretary of State have to be attached.
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You can check our EIN guide below
Features
Banking
Can open U.S. bank accounts and Offshore Bank Accounts. High privacy, no CRS. (the U.S. has another version). Access to Payment gateways such as Stripe and PayPal.
Low Maintenance
If not engaged in U.S. trade, only information reports. Form 5472 and 1120, both for information reporting purposes. At the State level, only Annual Information Report
eCommerce
Widely used by digital entepreneurs, from Dropshipping, Amazon FBA, Freelancers, Writers, to any other type of online business.
Asset Protection
Can be used to acquire any type of property, from Real Estate, to gold, yatchs, etc, in the U.S. and in other parts of the world.
Wyoming LLC yearly maintenance and annual fees
The Wyoming LLC yearly tax requirements will also depend on its tax classification. Foreign Owned US disregarded entities fill out Form 1120 Pro forma and form 5472, these are information returns and not tax returns.
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Partnerships fill out form 1065 and issue K-1 to each partner, while US LLCs taxed as corporations fill out form 1120.
Yearly Compliance Pricing Estimate
US$422*
Yearly compliance for a Single Member LLC owned by a foreigner not engaged in US trade or business
State Annual Report filling including State Fee
Registered Agent and Address
Form 1120 (Pro Forma) and form 5472 (one related party)
*Yearly compliance pricing provided is an estimate. These prices may vary due to several factors related to your tax and company situation.
Do I need to do bookkeeping for my LLC?
Single Member LLCs owned by a foreigner need to report, after the calendar year ends, the transactions between the LLC and the Owner, including related parties.
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We offer our clients an automatized digital ledger book so they can easily keep records of the reportable transactions without the need to hire the services of a bookkeeper.
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Our digital ledger is designed in accordance to the yearly federal reporting requirements of the LLC.
Bank Accounts for a Wyoming LLC
One of the main needs of our clients when opening a company in Wyoming is the bank account. The banking options we provide to our clients will depend on their specific business activity, nationality, where clients are based, among other factors.
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When opening a bank account for a Wyoming LLC, you can open a bank account in a bank located in Wyoming, or a bank located in another State within the USA, or in another country like the Bahamas, Singapore Cayman Islands, or any other country. You can also pick a "traditional bank" or a "fintech".
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Bank account opening requirements, timeframes, varies in each an all scenarios and cases.
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Fintech Banks: For some non-resident clients, a quick and cost saving solution, with no travel requirement and very low minimum deposit, is to open a Wise, Airwallex, or Mercury account.
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US Traditional Bank Account: as a non-resident, you can open a bank account in a traditional bank, with extra KYC/AML requirements and higher minimum deposit. These requirements include a proof of address in the USA or in the State where the bank is located (utility bill or lease agreement), personal visit (no remote opening).
Offshore Banks: the Wyoming LLC can surely open a bank account in any other jurisdiction either in Europe, Asia, the Caribbean, Africa, as long as it complies with all the requirements.
Some Fintech options available for a Wyoming LLC
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Opening fee: free.
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Foreign Currency Accounts: local bank accounts with account details available in USD, EUR, SGD, GBP, CHF, CAD, NZD, AUD, HKD, JPY, CNY.
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Multicurrency wallet: up to 40 different currencies.
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Business card: multicurrency virtual visa card with company name.
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Employee card: Physical and Virtual multicurrency cards available under your personal name, or employees.
FAQ
Ready to form your Wyoming LLC?
We have helped hundreds of companies register their businesses in Wyoming and open their bank account, get Stripe, and more.
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We also have helped them set up their international tax strategy, and yearly compliance.
Founder & CEO
Send is us your inquiry
Contact us by filling this form, or by sending an email to
Disclaimer: Nothing on this website shall be considered nor be a substitute for legal, tax, or financial advice. Please contact your licensed advisor for legal, tax, or financial advice.