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

Living in Paraguay does not change this: yes. US LLC formation does not require US residency, a US visit or a Social Security Number. Founders based in Paraguay form Florida LLCs remotely using a registered agent for the required US address, and they apply for an EIN with "Foreign" or "N/A" in place of an SSN.

What time can I phone the IRS from Paraguay?

The IRS international line is open 6 a.m. to 11 p.m. Eastern. Paraguay stays on UTC-3, so that is 7 a.m. to midnight in US daylight time and 8 a.m. to 1 a.m. in US standard time.

How long does a Florida LLC take from Paraguay?

Living in Paraguay does not change this: state approval in Florida typically takes a few business days to about two weeks depending on filing volume, and the EIN can often be obtained the same week by phone. Most founders have the LLC, the EIN and a bank application in 2-4 weeks.

What still has to be filed if Paraguay taxes foreign income at 0%?

The US filings: Form 5472 with a pro forma Form 1120 each year, with a $25,000 minimum penalty if missed or incomplete, and the state obligation for the state you chose. The 0% home rate does not remove them.

Does Paraguay tax income earned through a US LLC?

Paraguay taxes on a purely territorial basis. Foreign-source income is taxed at 0%, so an LLC's income from clients outside Paraguay generally does not create Paraguayan income tax. Paraguayan-source income remains taxable.

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

Living in Paraguay does not change this: two matter most: Florida's own annual requirement ($138.75 mandatory annual report, due every year) and the federal Form 5472 with a pro forma Form 1120, due every year for a foreign-owned single-member LLC. Missing the federal filing carries a $25,000 minimum penalty.

Does Paraguay have CFC rules?

No. Paraguay has no controlled-foreign-company regime, so there is no rule attributing an LLC's undistributed profit to a Paraguayan resident owner.

Form a Florida LLC from Paraguay: Complete 2026 Guide

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

Start your formation View pricing

$125 · State filing fee

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

5-10 business days · Avg. filing time

Quick Summary

Country: Paraguay
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)

Why Florida

Florida in one paragraph: $125 to file ($125 online), then $138.75 mandatory annual report fee, due every year each year. The state imposes no personal state income tax. Florida is the only one of these five states that discloses member names on its public annual report. For a Paraguay-based owner the state choice mainly decides cost, privacy and paperwork, not your home-country tax result. If a well-known state with strong business infrastructure is what you are optimizing for, Florida deserves a close look.

What It Costs

The cost side of a Florida LLC: $125 state fee ($125 online), a registered agent at typically $100-150 per year, a free IRS EIN, and a bank account that is usually free. Annual state requirement in Florida: $138.75 mandatory annual report fee, due every year. If you use EasyBrise, Global Launch is $295 for year one (registered agent included) and $149 per year after, and for a founder in Paraguay the whole first year typically comes in well under $500.

Who This State Is For

Florida fits 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. Check the comparison table above before you commit, as switching later is not a simple amendment: the Florida LLC would be dissolved and a new one formed elsewhere.

Post Formation Checklist

Your Florida LLC exists once the state accepts the filing, but it is only ready to trade after these steps: sign the Operating Agreement; get the bank account open; apply for payment processors; calendar your Florida annual obligation ($138.75 mandatory annual report, due every year) and the federal Form 5472 and pro forma 1120. On BOI: FinCEN's rule in force since August 14, 2026 permanently exempts all US-formed LLCs, so there is nothing to file there.

Calling The IRS From Paraguay

The IRS international EIN line (267-941-1099) answers from 6 a.m. to 11 p.m. Eastern. Paraguay stays on UTC-3 all year. In US daylight time that window is 7 a.m. to midnight Paraguayan time; in US standard time it is 8 a.m. to 1 a.m. A daytime call suits both periods. Allow 45-60 minutes.

How The Formation Process Works

Here is how Florida formation works for someone in Paraguay. File the Articles of Organization with the Florida Secretary of State, using a registered agent's physical Florida address. Request your EIN from the IRS, writing "Foreign" or "N/A" in place of an SSN (phone: 267-941-1099, about 45-60 minutes; fax or mail: 4-6 weeks). Then apply for Mercury or Relay online. Every step can be done remotely.

Florida LLC For Paraguayan Founders

Florida costs a Paraguayan owner $125 to file and $138.75 each year, and its annual report names members. It suits a founder who values Florida's business infrastructure and accepts that disclosure.

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 Paraguayan owner, Paraguay adds no tax on foreign-source income, so these US costs and the federal filings are the main recurring items.

What Makes Paraguay The Cleanest Case

Of the home countries we cover, Paraguay has one of the simplest answers: territorial taxation, 0% on foreign income and no CFC rules. That does not remove the need to keep records. Show that the income is foreign-source, keep the LLC's US filings current, and revisit the position if Paraguayan law changes, because territorial rules can be amended.

Banking From Paraguay Mercury And Relay

Paraguay is not on Mercury's prohibited-countries list, which is based on country of residence, and it is not on Relay's list, which looks at owners' citizenship and residency. Both banks run their own reviews, so approval is not guaranteed. Neither bank's published rules restrict international wires involving Paraguay. Since the tax result depends on income being foreign-source, keep invoices and contracts that show your clients and the services delivered.

Your Recurring Dates As A Paraguayan Owner

As a Paraguayan 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 7 a.m. to midnight Paraguayan time in US daylight time (8 a.m. to 1 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.

Dual Citizenship And The Mercury Relay Rules

Mercury and Relay test eligibility in different ways. Mercury's prohibited-countries list is based on country of residence, not citizenship, and a citizen of a listed country who lives elsewhere may still be eligible after review. Relay looks at the citizenship or residency of the business owners. Paraguay is on neither list. If you hold a second passport or live in another country, check that country against both lists before you apply.

Paraguay Pure Territorial Taxation And US Compliance

Paraguay applies 100% territorial taxation: foreign-source income is taxed at 0%, and the country has no controlled-foreign-company regime to attribute an LLC's profit to you. For an owner resident in Paraguay, the LLC's non-Paraguayan business income therefore generally does not create Paraguayan income tax. The point to keep clean is the source of the income, since income that is Paraguayan-source stays taxable at home. The compliance work that remains is American: the LLC files Form 5472 and a pro forma Form 1120 every year, with a $25,000 minimum penalty for a missed or incomplete filing.

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 (Mercury / Relay)
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

Banking

Mercury
Popular with non-resident founders; requires US LLC + EIN; no US visit needed
Relay
Remote-friendly for non-residents; requires formed US entity

Frequently Asked Questions

More guides for founders in Paraguay

Or browse all formation guides by country.

Ready to start your Florida LLC?

No SSN and no U.S. address required. Get your LLC, EIN and banking readiness handled in one place.