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US Wyoming DAO LLC · via Firstbase.io·🇻🇳Founder profile

Forming a Wyoming DAO LLC for Vietnamese Developers

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

Vietnamese freelance developers can utilize the Wyoming DAO LLC Supplement Act to formalize decentralized projects. This structure provides a legal wrapper for smart-contract governance while maintaining pass-through tax status for non-US residents.

Formation requires specific filings to link the entity to a blockchain address. Compliance with both US federal reporting and Vietnamese foreign-source income regulations is mandatory.

§ 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 · Vietnamese Freelance Developers

What the tax authority sees

US federal / local status

Wyoming DAO LLCs are treated as pass-through entities for federal tax purposes, subject to US-source income reporting under the Wyoming DAO LLC Supplement Act.

Home-country rule

Circular 111/2013 on foreign-source income; USD conversion rules

Editorial verdict

Use Firstbase.io to handle the Wyoming Articles of Organization and DAO-specific operating agreement, ensuring your smart contract address is properly registered.

Key compliance risks
  • 01Form 5472 and 1120 penalty of $25,000 for failure to file
  • 02Smart contract vulnerability liability
  • 03Complex tax reporting for Vietnamese foreign-source income under Circular 111/2013
§ 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

Circular 111/2013 requires Vietnamese tax residents to declare foreign-source income. You must convert USD earnings to VND at the exchange rate published by the State Bank of Vietnam at the time of receipt for tax calculation purposes.
More profiles for US Wyoming DAO LLC
Vietnamese Freelance Developers — other jurisdictions
Next step

Start filing with Firstbase.io · save $50.00

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