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Tax advantages of Wyoming LLC for non-US residents

The procedure formation of company in Wyoming is similar to the incorporation process in other states, but not identical. The most tax advantageous type of company for US Non-Residents of the United States is the Limited Liability Company. Similar to a Sub Chapter S Corporation for Citizens of the U.S., in a Limited Liability Company, the earnings flow directly to the owners, thereby eliminating Corporate Income Taxes.

A regular corporation would be subject to Federal Corporate Income Tax and State Corporate Income Tax. Many times forming a Wyoming LLC allows you to receive some tax benefits that you cannot receive when you form a full-fledged corporation. It’s important to weight the advantages and disadvantages with someone who you can trust. If you find the process overwhelming, you can hire a filing company to do the job for you. This is a great idea if you are filing out of state, or you find the process overwhelming.

If you live outside of the state of Wyoming, or outside of the country, and you’re thinking about filing for corporate status, you will need to find a Wyoming registered agent. This is a person or company that is charged with accepting official documents and other correspondence on your behalf in your absence. You can personally employ someone to perform this task, or you can hire a filing company to do the job for you.

LLC tax exemption for non-US residents

Since:

(a) Members are not US citizens or resident in USA;
(b) The company does not sell – generate profits in USA.

The LLC will be a 100% tax exempted company, excellent for your worldwide trading. Please note that, nevertheless, and keeping the tax exemption statute, you can always use your LLC to buy any products from the USA.

The minimum requirement to set up a LLC is just One Member and One Manager – same entity can simultaneously take both charges. Both individuals and corporations can be appointed to act as Members and Managers of your LLC. This means that one sole person (you), can be simultaneously the Member and the Manager of the company. No secretary required.

We can incorporate your US LLC at any US State; however, for a general guidance, we will send you the Wyoming report.

Our company licensing services

— What we do and do not do

Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.

TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!

Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.

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