Can I form an LLC in Wyoming 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 Wyoming 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.

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.

How long does a Wyoming LLC take from Paraguay?

Living in Paraguay does not change this: state approval in Wyoming 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.

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.

Is there a US-Paraguay income tax treaty?

No comprehensive income tax treaty is in force. Because Paraguay does not tax foreign-source income, a treaty is largely unnecessary for foreign business income.

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

Living in Paraguay does not change this: two matter most: Wyoming's own annual requirement ($60 minimum, filed in your LLC's anniversary month) 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.

Can a Paraguayan resident open Mercury or Relay accounts?

Yes in principle. Paraguay is not on Mercury's prohibited list (residence-based) or Relay's (owners' citizenship/residency), subject to each bank's own review.

Form a Wyoming LLC from Paraguay: Complete 2026 Guide

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

Start your formation View pricing

$100 · State filing fee

$60 minimum · Annual fee

2-5 business days · Avg. filing time

Quick Summary

Country: Paraguay
State: Wyoming
Avg. filing time: 2-5 business days
State filing fee: $100 (mail) / $102-104 (online)
Annual report fee: $60 minimum (based on in-state assets, per Wyoming Statute § 17-29-209)

Why Wyoming

Wyoming in one paragraph: $100 to file ($102 online), then $60 (based on in-state assets, minimum $60, filed on the anniversary month) each year. The state imposes no state income tax and no franchise tax. Wyoming does not publicly list LLC member or manager names in its formation filings. For a Paraguay-based owner the state choice mainly decides cost, privacy and paperwork, not your home-country tax result. If a low, predictable annual cost and strong privacy is what you are optimizing for, Wyoming deserves a close look.

What It Costs

The cost side of a Wyoming LLC: $100 state fee ($102 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 Wyoming: $60 (based on in-state assets, minimum $60, filed on the anniversary month). 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

Wyoming fits if you want the lowest ongoing annual cost combined with strong privacy and no state income tax, and you don't need a Delaware-specific court system or investor familiarity. Check the comparison table above before you commit, as switching later is not a simple amendment: the Wyoming LLC would be dissolved and a new one formed elsewhere.

For Paraguayan Founders

Paraguay is among the simplest home countries for a US LLC owner from a tax point of view. It taxes on a purely territorial basis, so income earned outside Paraguay is not taxed there, and the rate on foreign income is 0%. Freelancers, developers and online sellers in Paraguay form US LLCs to invoice in dollars through a US business bank account and to look like a domestic supplier to American clients, and the tax result is largely settled on the US side. The remaining work is mostly American: choosing the state, appointing a registered agent, getting the EIN and keeping up the annual filings.

Post Formation Checklist

Your Wyoming 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 Wyoming annual obligation ($60 minimum, filed in your LLC's anniversary month) 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.

How The Formation Process Works

Here is how Wyoming formation works for someone in Paraguay. File the Articles of Organization with the Wyoming Secretary of State, using a registered agent's physical Wyoming 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.

Wyoming LLC For Paraguayan Founders

A Paraguayan owner whose home tax on foreign income is 0% mostly cares about the US side, and Wyoming keeps it cheap: $100 to file and a $60 minimum annual fee, with no state income tax.

Five Year State Cost Of A Wyoming LLC

Over five years, the state-level cost of a Wyoming LLC is a $100 filing fee plus $60 a year for five years, so $400 in total, before the registered agent. That makes Wyoming the middle 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.

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: Wyoming's annual report and $60 minimum fee fall due in your LLC's anniversary month. 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.

No Income Tax Treaty Between Paraguay And The US

Paraguay and the United States have no comprehensive income tax treaty in force. In this case that matters less than usual: with 0% tax on foreign-source income in Paraguay, there is no second tax for a treaty to relieve on the LLC's foreign business income. The relevant tax rules are the US rules for the LLC and for any US-source income.

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
Wyoming annual filing
Federal Form 5472 + pro forma 1120

Costs

Item	Cost
State filing fee	$100 (mail) / $102 (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 Wyoming

Choose Wyoming if

you want the lowest ongoing annual cost combined with strong privacy and no state income tax, and you don't need a Delaware-specific court system or investor familiarity

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

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