A product made for freelancers, digital entrepreneurs, and digital nomads! (Only Wyoming)
Why is this a good idea for a global Entrepreneur?
As you may know, not all countries have a solid and stable finance, tax, and legal structure like the US. When you compare the US versus emerging markets such as Brazil, Argentina, India, Pakistan, Nigeria, South Africa, and Spain, the gaps are even bigger.
With our solution, an entrepreneur can have a legal and tax entity in the US, and through our banking partners, a business bank account in the US, in USD, insured by the FDIC, and a debit card that can be used worldwide. As an LLC with only one owner (member) to offer remote and digital services from outside the US, neither the company nor the owner has to pay taxes in the US. This means that the company is “US Tax-Free”.
Choosing Wyoming as the state to register gives the owner privacy over its information (as no personal details are public) and a low maintenance cost: $60 annually against $300 from Delaware, for example).
With our business address service, the owner has a place to receive all mail, get it scanned, and have online access to it.
With our Tax Support, we will provide the reports requested by the IRS and the State of formation.
Key Points:
1) Legal entity in the US, with “peace of mind” maintenance package
2) Business Address in the US
3) 30 minutes of Tax Consultancy Call per year
4) IRS Tax Return - 5472 + 1120F (Related Party Transactions)
5) Yearly state renewal (Globalfy Service + State Fee)
6) Support for business dissolution (Plan Z Package)
7) Outstanding Support in English, Spanish or Portuguese
Who can benefit from this Freelancer Essential Plan?
1) Non-US tax residents
2) Not a citizen from the prohibited countries nor performing restricted activities
3) Older than 18 years old
4) Performing services from outside the US
5) Sole entrepreneurs, such as freelancers, consultants, digital marketers, software developers, gamers, sales representatives, and all other online service providers.
Who can’t sign up for this service?
1) A US resident or citizen
2) A citizen from a prohibited country or performing restricted activities
3) A company with a physical presence in the US, such as, but not limited to, employees, office, or warehouse.
4) A company in another State than Wyoming
5) E-commerce or B2B Sellers
6) A company with more than 1 owner
7) Younger than 18 years old
8) A corporation
How much does it cost?
A one-time payment of $999/year, equivalent to $83/month.
What is included?
For New Companies:
1) Company Setup
- LLC 1 Member in Wyoming; Registration with State Fee included ($100)
- EIN application
For existing Companies:
1) Company Setup
- Registered Agent State Amendment
- IRS Address Amendment
Same to both options:
2) Required Address and Agent in the US
- Business Address
- Registered Agent
3) Company Maintenance
- State Renewal (Annual Report) in Wyoming – State’s fee included ($60)
- IRS Reporting: 5472 + 1120 Proforma
- One call of 30 minutes a year to review the operation and generic tax questions
4) “Plan Z” Support
- Company Dissolution with State Fees ($60)
- IRS Final Tax Return and Account Closing
From the start to the finish line!
What if I decide to dissolve my company in the future?
That's not a problem. Our team will make the state dissolution, final report to the IRS, and close your EIN account with no extra cost—if your annual fee is paid. This service is already included in our Freelancer Essential! So, as long as your annual membership is active and with the payments current, your dissolution will be covered.
When is my membership canceled?
1) If you request the cancelation
2) At 11:59 PM of the renewal subscription date, if the payment is not completed.
What kind of support do I receive from this membership?
Included in your subscription, you have access to our team of specialists to discuss:
- How to process invoices
- Mailroom operation
- Notifications received by the state
- Notifications received by the IRS (not including the resolution of the case, if required)
- 30 minutes every year to discuss tax questions
If you still have any questions or need further assistance regarding this topic, we are available to help you! Simply click here to submit your support request and our team will be glad to assist you.