Wyoming or Delaware for non US citizen and non-resident?

[deraty]

Do you advise Wyoming or Delaware company? I will also have Mercury account. Which is cheaper to form and has lower yearly renewal fee? And are there any tax concerns? Lastly, I saw that Alabama is very cheap but I guess there is tax and not similar to Wyoming or Delaware? Do you advise me LLC type?

 

[Sols]

Why are you forming a company in the US at all?

IIRC, New Mexico is the cheapest overall of the states that are most popular with non-residents (Wyoming, Delaware, Nevada, New Mexico).

 

[deraty]

Thank you sols. Is New Mexico like Delaware and Wyoming and about tax issue is similar? And non resident non citizen friendly.

I liked new Mexico. I looked at the below list. I guess it can benefit people as a compilation.

https://www.incfile.com/blog/cheapest-states-to-form-an-llc
Alabama is good too like New Mexico with no yearly renewal fee. But my concern is are these like Delaware company?

You asked why I am incorporating. I am doing because I will purchase 2 houses.

Thank you!...

 

[JustAnotherNomad]

First of all, you form a "tax-transparent LLC". You only incorporate corporations - which have to pay corporate income tax in the US.

Most of those articles are US-centric. For Americans, it usually doesn't make sense to form a company in a different state than where someone is living.

Here's an article that is geared towards non-residents:
https://globalisationguide.org/usa/llc-non-resident/best-state/
There are a couple of other interesting articles on that page, too.

I still think it's probably best to just form the company in Delaware because it has the best reputation. But it probably doesn't matter much.

 

[deraty]

Thank you!...

 

[EliasIT]

Delaware would work well for you and your situation. However, I don't see why Wyoming should be not worth to look into. Just my opinion.

 

[12345]

In Delaware you need to pay $300 yearly franchise tax and there are no statemets to be filled as a foreigner doing business outside of the US
In Wyoming you need to fill annual declaration with the assets held by the company and pay 60$, apart from that no costs
Government fee to form a company is 90 USD in Delaware and 100 USD in Wyoming
Both don't disclose the owner in the online register
Delaware has a bit better reputation but it doesn't matter much, I would choose Wyoming for lower costs

 

[deraty]

Thank you friends...

 

[AnonymousCryptoOTC]

You can use New Mexico for a one time fee of 50$ and no renewal fees.

 

[deraty]

You can use New Mexico for a one time fee of 50$ and no renewal fees.

Thank you. If nobody objects here, I will form a company in New Mexico. I am a non citizen and non resident.

 

[JustAnotherNomad]

If you go with Northwest Registered Agent, make sure you use a referral code. It should only cost $50 or so then. Otherwise if you just use their website, it would cost $200 or something like that.

 

[deraty]

I

If you go with Northwest Registered Agent, make sure you use a referral code. It should only cost $50 or so then. Otherwise if you just use their website, it would cost $200 or something like that.

I will use incfile. It looks cheaper. But thank you so much for your help.

 

[JustAnotherNomad]

They're pretty much exactly the same price. Incfile is good as well.

 

[deraty]

Great - thanks!...

I am applying the business.

1. Are there any tasks I need to do in New Mexico? Like annually submitting files there and there? If I choose free package of incfile.com, will I lose something and is it risky? Are there things to do?

2. I will find other sources like fiverr.com for operating agreement and EIN. Do I need to apply operating agreement and EIN with registered agents involvement - or can I do that directly to New Mexico government site? What is the link?

I guess I will choose the silver package. More easier. 250USD one time payment.

I can not edit. Sorry. I will choose gold package. Mistyped.

 

[JustAnotherNomad]

I would choose the cheapest package from Incfile or Northwest Registered Agent.
Then use an accountant/service provider for all the annual paperwork. It shouldn't cost more than $500 per year max.

https://globalisationguide.org/usa/llc-non-resident/yearly-filing-requirements/

 

[12345]

Does anyone know good USA accounting service for non us citizens? for example if op was to rent his houses then accounting needs to be done right? thanks

 

[deraty]

Does anyone know good USA accounting service for non us citizens? for example if op was to rent his houses then accounting needs to be done right? thanks

Thank you. I also wonder that.

Secondly what do you think about this place, I searched this forum and found that:

www.newmexicoregisteredagent.com

 

[12345]

Thank you. I also wonder that.

Secondly what do you think about this place, I searched this forum and found that:

www.newmexicoregisteredagent.com

I don't know, haven't used them, but prices look affordable, 35 usd for registered agent is a good price

 

[zzzzzz]

In Delaware you need to pay $300 yearly franchise tax and there are no statemets to be filled as a foreigner doing business outside of the US
In Wyoming you need to fill annual declaration with the assets held by the company and pay 60$, apart from that no costs
Government fee to form a company is 90 USD in Delaware and 100 USD in Wyoming
Both don't disclose the owner in the online register
Delaware has a bit better reputation but it doesn't matter much, I would choose Wyoming for lower costs

Isn't registry of UBO in the making?

 

[jafo]

Isn't registry of UBO in the making?

For this to happen, someone has to pressure the US to do it. Who is going to try to put the bell on the man-eating Tiger?