Wyoming LLC via Firstbase — Filipino Remote Workers
Filipino remote workers form Wyoming LLCs to invoice US clients in USD via Stripe, Wise, or Payoneer, and hold balances in Mercury outside PHP depreciation. Firstbase files the LLC, EIN, and Mercury account in 14-28 days for $399.
US tax: LLC pays $0 federal tax when non-ETBUS with no effectively connected income. Form 5472 + pro-forma 1120 mandatory annually under IRC §6038A; $25,000 penalty at zero revenue. Philippine side: BIR RR 8-2018 governs freelancer registration for local income; LLC distributions received in PH are taxed under TRAIN Law personal brackets 0-35%.
BSP Circular 984 requires reporting outbound investments above USD 60,000.
Model the full outlay, not just the setup fee
- SetupFirstbase.io setup$399.00
- PromoPromo · SMARTPROMO50−$50.00
- AnnualYear 2 renewal$150.00
What the tax authority sees
A Wyoming LLC held by a Philippine resident pays no US federal tax when non-ETBUS with no effectively connected income; Form 5472 with pro-forma 1120 (IRC §6038A) filing is mandatory each year.
BIR Revenue Regulation 8-2018; freelance registration
Wyoming LLC lets Filipino remote workers invoice US clients in USD without BIR RR 8-2018 freelancer registration friction; distributions still taxable in PH.
- 01Form 5472 penalty $25,000 per year (IRC §6038A)
- 02BIR RR 8-2018 requires freelancer BIR registration and quarterly percentage tax if active PH-source
- 03BSP Circular 984 requires reporting foreign investments above USD 60,000
- 04TRAIN Law personal income tax 0-35% progressive applies to distributions received
From filing to funded bank account
US LLC (Wyoming) vs Estonia OÜ (e-Residency)
FAQ
If you only invoice foreign clients through the LLC and receive USD in Mercury (not your Philippine bank), technically the LLC operates outside PH tax scope until distribution. But BIR RR 8-2018 requires freelancer registration for anyone earning income from services — the safe stance is to register as self-employed and report LLC distributions as foreign-source income annually.
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.