Forming a Wyoming LLC for Indian SaaS Founders
Indian SaaS founders often utilize Wyoming LLCs to access US payment gateways and global markets. This structure requires compliance with both US federal tax reporting and Indian Reserve Bank of India (RBI) Overseas Direct Investment (ODI) guidelines.
Firstbase.io facilitates the formation process, including the filing of Articles of Organization and obtaining an EIN. Founders must manage ongoing state compliance and federal tax disclosures independently.
Model the full outlay, not just the setup fee
- SetupFirstbase.io setup$399.00
- PromoPromo · SMARTPROMO50−$50.00
- AnnualYear 2 renewal$150.00
What the tax authority sees
Wyoming LLCs are treated as pass-through entities for federal tax purposes, meaning owners are taxed only on US-source income if not engaged in a trade or business in the US (ETBUS).
ODI (Overseas Direct Investment) RBI approval required for equity
Use Firstbase.io to streamline formation, but ensure you consult an Indian CA regarding RBI's ODI regulations for overseas equity investment before finalizing your cap table.
- 01Form 5472 and 1120 filing penalties of $25,000 for non-compliance
- 02RBI ODI compliance required for Indian residents holding foreign equity
- 03Potential double taxation if tax residency is not clearly established
From filing to funded bank account
US LLC (Wyoming) vs Estonia OÜ (e-Residency)
FAQ
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.