Forming a Wyoming LLC for Vietnamese Freelance Developers
Vietnamese freelance developers can establish a Wyoming LLC to contract with US-based clients and manage international payments in USD. This structure provides a legal entity separate from your personal assets while maintaining a low-cost administrative profile.
The process involves state registration, obtaining an EIN from the IRS, and opening a business bank account. You remain responsible for reporting foreign-source income to the Vietnamese tax authorities under Circular 111/2013.
Model the full outlay, not just the setup fee
- Setupdoola setup$297.00
- AnnualYear 2 renewal$297.00
What the tax authority sees
Wyoming LLCs are pass-through entities for US federal tax purposes, meaning income is generally not subject to US federal tax if the owner is non-US and the business is not engaged in a trade or business in the US (ETBUS).
Circular 111/2013 on foreign-source income; USD conversion rules
Use a Wyoming LLC to minimize state-level administrative overhead while maintaining a professional US presence for international clients.
- 01Form 5472 and 1120 penalty of $25,000 for non-filing
- 02Vietnamese tax residency triggers under Circular 111/2013
- 03Potential US withholding tax on FDAP income if not properly structured
From filing to funded bank account
US LLC (Wyoming) vs Estonia OÜ (e-Residency)
FAQ
Start filing with doola
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.