Forming a Wyoming LLC for Vietnamese Freelance Developers
Vietnamese freelance developers can establish a Wyoming LLC to access the US market and global payment infrastructure. This structure provides limited liability protection and a 0% state tax environment for non-US source income.
Mercury provides banking services for US-based entities, allowing for the management of USD revenue. Compliance with both US IRS reporting and Vietnamese tax regulations regarding foreign-source income is mandatory.
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, meaning non-US owners are generally not subject to US federal income tax unless they are Engaged in a Trade or Business in the US (ETBUS).
Circular 111/2013 on foreign-source income; USD conversion rules
Use a Registered Agent in Wyoming to satisfy state requirements and ensure your EIN application is filed with Form SS-4 to avoid delays in Mercury account opening.
- 01Form 5472 and 1120 filing requirement for foreign-owned single-member LLCs
- 02Failure to file Form 5472 results in a minimum $25,000 penalty
- 03Vietnamese tax reporting required for foreign-source income per Circular 111/2013
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.