United States

Why the United States?

The United States is the most popular jurisdiction for international entrepreneurs looking to establish a legitimate business presence. A US LLC provides access to the world's largest consumer market, top-tier payment processors, and a banking system that serves clients globally.

For non-residents, the US offers a unique advantage: a single-member LLC owned by a non-resident individual with no US-source income pays zero federal income tax. This makes the US LLC one of the most tax-efficient structures available — as long as you stay compliant with IRS reporting requirements.

Business in the US

The most common structure for international entrepreneurs is a single-member LLC formed in a business-friendly state like Wyoming, New Mexico, or Delaware. Formation is fast, affordable, and doesn't require you to visit the US in person.

With a US LLC, you can open business bank accounts with institutions like Mercury or Relay, accept payments through Stripe and PayPal, and contract with US-based clients — all without needing a visa or physical presence.

Tax Obligations

While foreign-owned single-member LLCs are generally not subject to US income tax on foreign-source income, they are required to file Form 5472 with a pro forma Form 1120 annually with the IRS. Failure to file carries a penalty of $25,000 per form.

Additionally, some states require annual reports and may impose franchise taxes or fees. Wyoming, for example, has a $60 annual report fee, while Delaware charges a $300 annual franchise tax.

Banking

Non-residents can open US bank accounts remotely through digital banks like Mercury and Relay, both of which accept foreign-owned LLCs without requiring an SSN. Traditional banks typically require an in-person visit to a US branch.

For international transfers and multi-currency needs, Wise Business is a popular complement to a US bank account, offering lower fees for cross-border payments.

Our Services

We help international entrepreneurs with the full lifecycle of their US LLC — from formation and EIN application to annual tax compliance and registered agent services. Learn more about our LLC formation service.