Company
registration
in Wyoming

Wyoming is one of the most attractive states for starting companies due to its flexible conditions and entrepreneur-friendly environment. Here are key advantages that make it a favorable choice for setup:

• The state offers strong corporate protection as long as you operate legally—avoiding fraud, ensuring formal shareholder meetings, and maintaining clear financing. The state shares information with the IRS, but only for companies with tangible assets within Wyoming. If your venture has no property in the state, you’re protected in this regard.

• The registration process can be completed online without requiring personal presence. You can start with just $1 in your account, and there’s flexibility in issuing an unlimited number of shares, which helps in managing ownership. Fees for setup and annual reports are among the lowest nationwide. Entrepreneurs can also access support programs or development grants.
  
  
  
  

Benefits of set up business in Wyoming with Finevolution

• Full company registration within agreed time frames
• Assistance with opening a bank account
• Post-registration maintenance
• Accounting & legal support

How to choose the right business structure in Wyoming?

We recommend considering several options for setting up in Wyoming and choosing the one that best fits your structure. Don’t select a structure without prior consultation:

• LLC: The most popular USA format due to its easy setup, low costs, flexible structure, and asset protection for owners. An LLC functions as a separate legal entity, safeguarding the personal assets of its members.
• Corporation (C-Corp or S-Corp): Operates as an independent entity with limited liability for owners. However, corporations face stricter management requirements, such as mandatory annual shareholder meetings. The State allows C-Corp & S-Corp registration, though S-Corp is suitable only for U.S. residents.
• General Partnership: Involves two or more partners with unlimited liability for obligations. All partners can make management decisions. Partnerships are easy to set up but have minimal requirements for founders.
• Limited Partnership: Includes general partners with unlimited liability and limited partners who invest without managing operations. Liability for limited partners is restricted to their investment.

Why better start an LLC in Wyoming?

There are several advantages to choosing an LLC:

• LLC company members are not responsible for debts beyond their investment, unlike partnerships.
• LLC company can be structured as traditional businesses or as Series LLCs, where each series holds separate assets and objectives.
• LLCs do not require regular meetings or detailed record-keeping, reducing administrative burden.

These features, combined with a favorable tax environment, make LLCs ideal for entrepreneurs.

Steps for starting business in Wyoming

• Initial consultation with Finevolution specialists to determine the structure
• Approving name and providing documents of the founders
• Preparing documents (Articles of Organization, Operating Agreement, Minutes of the organizational meeting) and completing setup
• Obtaining an Employer Identification Number (EIN)
• Opening a bank account or setting up a payment system account
• Arranging for a legal address for one year
• Obtaining an Individual Taxpayer Identification Number (ITIN) if needed

How long does it take to start a company in Wyoming?

On average, starting in Wyoming takes 3-4 weeks, plus another month for obtaining an EIN. ITIN processing — 6-8 weeks.

Bank account or payment system for Wyoming companies

Payoneer is an alternative for entrepreneurs not based in the USA. If you are abroad and plan to start a business in Wyoming, consider using a payment system account. Payoneer supports USD, EUR, GBP, JPY, CAD, AUD, and MXN, and account holders receive a physical debit card. Account registration typically takes 2-4 weeks.

Important: Experience with Mercury Bank shows that it’s always necessary to have alternative options.

Taxes and Fees for Wyoming companies

Below are basic rates for businesses in Wyoming. This includes key types of taxes but isn’t limited to them, as taxation depends on your operations and other specifics of doing business in Wyoming.

Basic taxes:

• Income tax — 0%
• Corporate profit tax — 0%
• Sales tax — 5.42%. More details on US Sales tax.
• Annual state tax ranges from $50 to $200.

Unified rates:

• Individual income tax ranges from 0% to 37%
• Corporate tax — 21%

Federal individual income tax for 2024:

• 11% — up to $11,600
• 12% — $11,601 to $47,150
• 22% — $47,151 to $100,525
• 24% — $100,526 to $191,950
• 32% — $191,951 to $243,725
• 35% — $243,726 to $609,350
• 37% — over $609,350

Reports and tax returns for Wyoming ventures

All American LLCs & C/S Corps must file tax returns or zero returns (Income Tax Return) to both state authorities and the IRS, regardless of business activity. Additionally, every five years (next in 2028), companies must submit a BE-12 report. Starting from 2024, U.S. companies will also need to file a BOI report. More details are available on the Ukrainian representative’s website.

If you plan to set up in Wyoming, carefully weigh all the pros and cons, as the U.S. has strict legal frameworks within which you must operate. Our team is happy to provide consultations, prepare necessary documents, and help start your business in the USA. Our working hours are 9:00-19:00 from Monday to Friday. Send a request through the form below or a message on Telegram bot/Viber, Whatsapp chat for consultations.