Forming a Wyoming LLC for Filipino Freelancers
Filipino remote workers can establish a Wyoming LLC to provide services to international clients while maintaining a separate legal entity. This structure requires strict adherence to both US federal reporting requirements and Philippine Bureau of Internal Revenue (BIR) regulations.
Mercury provides banking services for US-based LLCs owned by non-residents, provided the entity has a valid EIN and supporting documentation. You must manage your own tax compliance in the Philippines according to Revenue Regulation 8-2018.
Model the full outlay, not just the setup fee
- SetupMercury (banking-only) setup$0.00
- AnnualYear 2 renewal$0.00
What the tax authority sees
Wyoming LLCs are treated as pass-through entities for US federal tax purposes, where members are subject to US tax only on income effectively connected with a US trade or business (ETBUS).
BIR Revenue Regulation 8-2018; freelance registration
Use Wyoming for privacy and low fees, but ensure you maintain proper bookkeeping to comply with BIR Revenue Regulation 8-2018 for your Philippine tax filings.
- 01Form 5472 and 1120 penalty of $25,000 for late or missing filings
- 02Double taxation risk if not properly structured for Philippine tax residency
- 03Potential for US bank account closure if activity is flagged as high-risk
From filing to funded bank account
US LLC (Wyoming) vs Estonia OÜ (e-Residency)
FAQ
Start filing with Mercury (banking-only)
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.