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Which Company Type for Transferwise Business Account?

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Wyoming does not require listing the member‍ or manager of an LLC on the State records. Though Registered Agents are required to⁠ know who the person is behind an LLC and must provide this information to the⁤ State or Federal authorities, if they request it. It is not however public information that⁣ can be accessed by anyone via a web browser.
 
Thats very good. Like it was before in many offshore⁤ jurisdiction and still is in the Seychelles. Thank you!
 
Yeah it looks like it is the best place for 2020 for the reasons you‌ already pointed out. The only thing I don't like is the mandatory accounting and tax‍ filing which can be the tricky and most expensive part if you don't find a⁠ cheap accounting firm.
 
I agree that the penalties for not⁤ doing it on time could be as high as $10k, but they are really simple⁣ and you can do it yourself
https://wyobiz.wy.gov/Business/AnnualReport.aspx
They only want to know how much assets⁢ you have in Wyoming and if you still be the director and UBO.

How Much︀ is the Annual Report Fee in Wyoming?
The annual report fee, called a license tax,︁ is $50 or two-tenths of one million on the dollar ($.0002) of assets located in︂ Wyoming, whichever is greater. Non-profits are charged only $25.
 
Okay, sounds good, do you know about a agent that can setup the company and‌ also take care of all of the accounting and tax filing part? Or just an‍ accounting firm that take care of it without charge a arm and a leg ?⁠
 
Thank you I will get in touch with the guy to see if we can‍ figure something out.

Yes ofcourse I will put⁣ the provider on my list. This list is here to help people and avoid losts.⁢
 
So, you filed the forms 1040NR, 1120 and 5472 yourself? Any tips?⁠

Penalty is $25,000 since 2017, not $10,000.
 
I don't have Telegram, the⁠ guide that you point is one of the one I use. A really good site⁤ about LLCs is Learn How to Form an LLC (step-by-step) | LLC University®, they⁣ have guides for almost everything (no taxes guides but they have everything else).

Another company to create the business is northwestregisteredagent.com which︁ is the one I use, it does not offer the accounting but is fast and︂ cheap (at least that was my case). I created the Wyoming LLC with them and︃ one year of registered agent for only $39 + the state fees ($100), the first︄ year was only $139 but after one year then the registered agent services goes up︅ to $129 which will be $229 counting the state fee. They don't get you the︆ EIN either but that one is easy to get from the IRS. I think they︇ offer good prices for a basic service, my LLC was created and it was on︈ the WY systems in less than 24hrs.

The only thing I can complain is about︉ their web dashboard which is not the best, they updated it last month and now︊ is a little better but still not the best.
 
Please elaborate I don't understand how it is connected‍ with the forms and the US LLC ?
 
If you don't fill the forms on time‍ for a EU company, the fees could be even higher
 
But I have never seen anyone be‍ chased by anyone from Cyprus! I know lot's of people around in my business network⁠ and for the last 15 years no one has at any time heard anything. And⁤ believe me the CYP corps in this network are not managed as they should be.⁣
 
Because I have heard a lot that most financial entities doesn't like New‌ Mexico LLCs, I know there you only need to pay $50 once and then you‍ don't even need to file an annual report/fee but is just because of the banking⁠ thing (and I know that Wyoming aren't easy too but at least I haven't had⁤ issues with fintechs). Also I made a mistake in my last comment, in Wyoming the⁣ annual fee is only $50, the $100 is just when you fill the LLC
 
Is that true you don't have to file anything with a New Mexico company? Someone here‍ mentioned already it is possible to open a Transfer Wise account for such an entity.⁠ It looks like it is worth to take a close look at if privacy is⁤ granted and no accounting required.
 
Yes you don’t need⁤ to fill an annual report there in New Mexico but you still need to file⁣ IRS forms when the tax year ends just like with others states. Also the state⁢ annual report is not an issue since most of the registered agents do that for︀ you by free.

About TransferWise, you can open one for all LLCs in US easily︁ as long as the owner does not live in a country blocked by US’s gov.︂

About the accounting, you need to keep records but you are not required to show︃ the data every year, is just to have a backup in case of an audit.︄
 
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