Can a Nepali resident open a Mercury or Relay account?

Mercury's list is residence-based and includes Nepal, so a Nepal-resident founder cannot open a Mercury account. Relay's prohibited list does not name Nepal, but its wire-restrictions page lists Nepal for beneficial-owner citizenship, so ask Relay about international wires.

Can I form an LLC in Florida if I live in Nepal and have never visited the US?

For a founder in Nepal, yes, entirely remotely. Florida does not ask for residency or a trip to the US, and no SSN is required. A registered agent provides the Florida address, and the EIN application uses "Foreign" or "N/A" where an SSN would go.

What time can I phone the IRS from Nepal?

The IRS international line is open 6 a.m. to 11 p.m. Eastern. Nepal is on UTC+5:45 all year, so the window is 3:45 p.m. to 8:45 a.m. in US daylight time and 4:45 p.m. to 9:45 a.m. in US standard time.

How long does a Florida LLC take from Nepal?

For a founder in Nepal, expect a few business days to roughly two weeks for Florida to approve the filing, depending on volume. The EIN by phone is usually same-week, so formation, EIN and a submitted bank application commonly take 2-4 weeks in total.

What ongoing filings does a Nepali founder need for a Florida LLC?

For a founder in Nepal, the federal Form 5472 and pro forma Form 1120 come due every year, with a $25,000 minimum penalty for a missed filing. On the state side, Florida's requirement is $138.75 mandatory annual report, due every year.

Does Nepal tax residents on foreign income?

The Income Tax Act text we reviewed makes a resident's income assessable irrespective of the place of its source. An individual is resident with a normal abode in Nepal or 183 days or more in a continuous 365-day period.

Does Nepal have CFC rules?

The excerpt of the Act we reviewed contains no controlled-foreign-company rule, but it has general anti-avoidance powers. The excerpt was incomplete, so confirm with a Nepali adviser.

Form a Florida LLC from Nepal: Complete 2026 Guide

Everything a Nepal-based founder needs to form, bank, and run a Florida LLC — costs, EIN process, and tax angles specific to Nepal.

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$125 · State filing fee

$138.75/year, due by May 1 · Annual fee

5-10 business days · Avg. filing time

Wire/ACH via Relay · Transfer method

Quick Summary

Country: Nepal
State: Florida
Avg. filing time: 5-10 business days (standard online filing)
State filing fee: $125 ($100 Articles of Organization + $25 registered agent designation)
Annual report fee: $138.75/year, due by May 1 (mandatory - not free, unlike Texas; $400 late penalty and eventual administrative dissolution if missed)
Transfer method: Wire/ACH via Relay (Mercury restricts Nepal)

Why Florida

Why do Nepali founders look at Florida? Mostly because the state-level side is predictable. The filing fee is $125 ($125 online), the ongoing requirement is $138.75 mandatory annual report fee, due every year, and the state applies no personal state income tax. Florida is the only one of these five states that discloses member names on its public annual report. Keep in mind that the state says nothing about how Nepal taxes you; that depends on Nepal law and is covered further down this page. What Florida offers is a well-known state with strong business infrastructure.

Is Florida Right For You

The case for Florida: you want a well-known state with strong US business infrastructure and don't mind that Florida is the one state on this list requiring member names on the public annual report. The case against is simply that another state may suit your priorities better, and changing states after formation means closing the LLC and starting a new one.

After Formation Checklist

Three things to do straight after formation. First, the paperwork: an Operating Agreement, and a note of the EIN letter's location (if it is lost, ask the IRS for Form 147C). Second, the money side: bank account, then Stripe or PayPal subject to their review. Third, the calendar: your Florida annual obligation ($138.75 mandatory annual report, due every year) and the federal Form 5472 and pro forma 1120. Federal Beneficial Ownership Information reporting is not something you need to do: FinCEN's rule in force since August 14, 2026 permanently exempts all US-formed LLCs.

Florida LLC For Nepali Founders

Florida appeals to Nepali founders with customers or relatives in the state. Its public annual report names members, and the $138.75 annual fee recurs every year.

Forming In Florida Step By Step

For a Nepal-based owner the order of operations is: registered agent first (you need their Florida address for the filing), then the Articles of Organization, then the EIN, then the bank account. The EIN application is Form SS-4; leave the SSN field as "Foreign" or "N/A". Calling the IRS international line (267-941-1099) is the fast route at about 45-60 minutes; faxing or mailing the form takes 4-6 weeks. Once you hold the EIN letter, bank and payment applications can begin.

What A Florida LLC Costs From Nepal

Budgeting for a Florida LLC from Nepal? The one-time state fee is $125 ($125 online). Every LLC then needs a registered agent (typically $100-150 a year); the EIN itself costs nothing when you apply to the IRS directly; and a business bank account is usually free at banks that accept your country (check Mercury's and Relay's published lists). The yearly state-side item is $138.75 mandatory annual report fee, due every year. Bundled, EasyBrise Global Launch costs $295 for year one with a registered agent included and $149 a year to renew.

Banking From Nepal Mercury And Relay

Nepal is on Mercury's prohibited-countries list, which is based on country of residence, so a founder who lives in Nepal cannot open a Mercury account, although Mercury says a citizen of a listed country who lives elsewhere may still be eligible after review. Relay's prohibited list, which looks at the citizenship or residency of the owners, does not name Nepal. Relay's wire-restrictions page does list Nepal among countries whose citizens, as beneficial owners, cannot be offered international wire services, so ask Relay what an account for a Nepali owner can do before you apply. Approval depends on each bank's own review, and Payoneer is commonly used for receiving international payments.

Five Year State Cost Of A Florida LLC

Over five years, the state-level cost of a Florida LLC is a $125 filing fee plus $138.75 a year for five years, so $818.75 in total, before the registered agent. That makes Florida the second most expensive of the five states on this measure. The same arithmetic across the five states runs from $50 to $2,110. For a Nepali owner, Nepal taxes residents on income from any source and restricts outward investment, so budget for a Nepali adviser's view on funding and reporting.

Your Recurring Dates As A Nepali Owner

As a Nepali owner, your recurring dates look like this. State: Florida's $138.75 annual report is due every year between January 1 and May 1. Federal: Form 5472 with the pro forma Form 1120 is due on the return due date, April 15 for a calendar-year LLC, extendable with Form 7004. For the one-off EIN call, the IRS line (6 a.m. to 11 p.m. Eastern) is open 3:45 p.m. to 8:45 a.m. Nepal time in US daylight time (4:45 p.m. to 9:45 a.m. in US standard time). Put the state date and the federal date in your calendar when the EIN arrives, because a missed Form 5472 carries a $25,000 minimum penalty.

Outward Investment Rules And Funding The LLC

A Nepali law firm's note from December 2025 says Nepal's Act Restricting Investment Abroad was relaxed so that any Nepali company may invest up to USD 20,000 abroad without prior Nepal Rastra Bank approval, with larger amounts subject to approval. The note covers companies and does not address individuals, registration or repatriation. Ask a Nepali lawyer how the rules apply to you before you send money to fund a US LLC, and keep records of every transfer.

Nepali Taxation Of Residents And Foreign Income

The Income Tax Act 2058 text we reviewed makes a resident person's income from employment, business or investment assessable irrespective of the place of its source, while a non-resident is taxed only on Nepal-source income. An individual is resident if their normal abode is in Nepal or they have lived there for 183 days or more in a continuous 365-day period. A foreign-source loss may be deducted only against that person's foreign-source income. The excerpt we read contains no controlled-foreign-company rule, but the Act gives the Department general powers to adjust arrangements between associated persons and to disregard tax-avoidance arrangements. Ask a Nepali adviser how an LLC's profit is reported and whether a foreign tax credit applies.

Relay Is The Realistic Bank But Check International Wires

Because Mercury's list is residence-based, a Nepal-resident founder cannot use it, and Relay is the practical choice. Relay's wire-restrictions page lists Nepal for beneficial-owner citizenship, so Relay may be unable to offer international wire services to a Nepali citizen. Ask Relay directly whether the account can send and receive international wires. Cards, ACH and payment processors may still work for US customers.

No CFC Rule In The Text We Reviewed And The Anti Avoidance Powers

The excerpt of the Act we reviewed contains no controlled-foreign-company rule. It does contain general anti-avoidance provisions allowing the Department to adjust arrangements between associated persons, divide income, or disregard tax-avoidance arrangements. The excerpt was incomplete, so ask a Nepali adviser to confirm whether any later rule or directive applies to a foreign LLC owned by a resident.

Requirements

Requirement	Needed
US Social Security Number
US visit required
Registered agent with US address
Florida annual filing
Federal Form 5472 + pro forma 1120

Costs

Item	Cost
State filing fee	$125 (mail) / $125 (online)
Registered agent (annual)	$100-150/yr (or included in EasyBrise Global Launch)
EIN application	Free via IRS (or via a paid service)
US business bank account	Free at most US business banks (eligibility varies by country)
EasyBrise Global Launch (year 1, incl. registered agent)	$295
EasyBrise renewal (year 2+)	$149/yr

Who Should Choose Florida

Choose Florida if

you want a well-known state with strong US business infrastructure and don't mind that Florida is the one state on this list requiring member names on the public annual report

Consider another state if

your priorities (fundraising plans, revenue level, or reporting tolerance) point more strongly to one of the other four states in the comparison table above.

Comparison

State	Filing Fee	Annual Requirement	State Income Tax	Privacy
Wyoming	$100 mail / $102 online	$60	None	No public member names
Delaware	$110	$400 flat annual franchise tax	None	No public member names
Texas	$300	$0 franchise tax for LLCs with revenue below the no-tax-due threshold	None	No public member names
New Mexico	$50	$0 ever	None	No public member names
Florida	$125	$138.75 mandatory annual report fee, due every year	None	Member names public

Taxes

No comprehensive US-Nepal tax treaty; Nepal Foreign Exchange Regulation Act restricts outward investment, with 2025-2026 liberalization specifically for the IT sector

Banking

Alternative Options
Mercury lists Nepal as a prohibited country, so Mercury is not available. Relay does not restrict Nepal, making it the more realistic option, with Payoneer as a fallback.

Frequently Asked Questions

More guides for founders in Nepal

Or browse all formation guides by country.

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