Wyoming LLC via Firstbase — Egyptian Freelancers
Egyptian freelancers set up Wyoming LLCs to bill international clients in USD outside the EGP devaluation cycle, plus keep funds in Mercury dollars rather than convert to pound at official-rate haircuts.
The US LLC pays $0 federal tax when non-ETBUS. Form 5472 and pro-forma 1120 remain mandatory: $25,000 penalty per missed year under IRC §6038A. On the Egyptian side, Law 91/2005 taxes worldwide income for residents at progressive 10-27.5% brackets, but only on distributions actually received in Egypt.
Firstbase files the LLC in 14-28 days including EIN and Mercury opening. The wildcard is Central Bank of Egypt FX scrutiny on inbound wires above ~USD 10,000; keep documentation ready.
Model the full outlay, not just the setup fee
- SetupFirstbase.io setup$399.00
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- AnnualYear 2 renewal$150.00
What the tax authority sees
A Wyoming LLC held by an Egyptian resident owes no US federal tax when the LLC is not ETBUS and generates no effectively connected income, but Form 5472 and pro-forma 1120 (IRC §6038A) remain compulsory each year.
Egyptian Tax Authority Law 91/2005 on foreign income
Wyoming is the cheapest US formation for Egyptian freelancers; Egyptian Law 91/2005 taxes worldwide personal income at 10-27.5% once funds are remitted.
- 01Form 5472 penalty $25,000 per year (IRC §6038A)
- 02Egyptian Tax Law 91/2005 taxes worldwide personal income once distributed
- 03CBE FX regulations tighten when remitting large USD amounts back to EGP
- 04Freelancer syndicate registration and 5% social insurance still apply personally
From filing to funded bank account
US LLC (Wyoming) vs Estonia OÜ (e-Residency)
FAQ
Egyptian tax residents must report worldwide personal income under Law 91/2005 once distributed. The LLC entity itself is not Egyptian-registered, so no corporate filing is due in Egypt. But your personal income tax return should include LLC distributions taken during the year, taxed at progressive 10-27.5% brackets.
Start filing with Firstbase.io · save $50.00
Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.