GetSmartPromo
Compare jurisdictions
US Wyoming DAO LLC · via Firstbase.io·🌐Founder profile

Forming a Wyoming DAO LLC for Chinese Founders

VerifiedJul 2026
EligibilityEligible
Setup timeline21–45days
Year-1 total$399.00

The Wyoming DAO LLC Supplement Act provides a legal framework for decentralized autonomous organizations to operate as limited liability companies. This structure allows for smart-contract governance while maintaining the liability protections of a US entity.

Chinese founders must navigate both US federal tax reporting and PRC individual foreign income tax obligations. Compliance with SAFE Circular 37 is required for Chinese tax residents investing in foreign corporate structures.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$499.00
≈ $20.79/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupFirstbase.io setup
    $399.00
  • PromoPromo · SMARTPROMO50
    −$50.00
  • AnnualYear 2 renewal
    $150.00
Total$499.00
§ 02Tax residency · Chinese Cross-Border Founders

What the tax authority sees

US federal / local status

Wyoming DAO LLCs are treated as pass-through entities for US federal tax purposes, subject to US-source income taxation under the Internal Revenue Code.

Home-country rule

PRC individual foreign income tax (Bulletin 3, 2020) applies to worldwide income for tax residents; SAFE Circular 37 must be filed for outbound investment structures.

Editorial verdict

Use Firstbase.io to handle the Wyoming DAO LLC formation and registered agent requirements, but consult a tax advisor regarding PRC Bulletin 3 reporting.

Key compliance risks
  • 01Form 5472 and 5476 filing requirements for foreign-owned US entities
  • 02PRC SAFE Circular 37 registration compliance for outbound investment
  • 03Potential double taxation without proper tax treaty utilization
  • 04Complexity of smart contract governance under US legal frameworks
§ 03Setup timeline

From filing to funded bank account

Setup timeline
21–45days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d11
d23
d34
d45
01FilingFirstbase.io submits formation docs
d0–d16
02Tax ID / EINIRS EIN issuance
d14–d34
03BankingBusiness account approved & funded
d27–d45
§ 04Head-to-head

US Wyoming DAO LLC vs Estonia OÜ (e-Residency)

Full comparison →
US Wyoming DAO LLC
DAO LLC
Estonia OÜ (e-Residency)
OÜ
Entity
DAO LLC
OÜ
Setup cost
$102.00
$205.20
Annual
$60.00
$129.60
Local director
Remote OK
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
Wyoming DAO LLC Supplement Act (2021); federal only on US-source income; smart-contract governance recognized
20% only on distributed profit; 0% on retained earnings
§ 05Questions founders actually ask

FAQ

No. While the entity may not pay US federal income tax if it has no US-source income, Chinese tax residents are subject to PRC individual income tax on their worldwide income under Bulletin 3.
More profiles for US Wyoming DAO LLC
Chinese Cross-Border Founders — other jurisdictions
Next step

Start filing with Firstbase.io · save $50.00

Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.

Promo code
Claim on Firstbase.io