Wyoming LLC via Firstbase — Spanish Nomad Consultants
Spanish nomad consultants form Wyoming LLCs to invoice US and Latin American clients in USD, plus to consolidate income outside the autónomo cuota system that costs EUR 294-590 per month regardless of revenue.
Under IRC §6038A the LLC must paper-file Form 5472 with a pro-forma 1120 annually; the $25,000 penalty applies at zero revenue. On the Spanish side, Beckham Law expats pay a 24% flat rate on Spanish-source income and are exempt from worldwide income tax during the 6-year window — but active LLC service income can be treated as Spanish-source if you work from Spain.
Model 720 declares foreign entities above EUR 50,000; missing this is a EUR 1,500 minimum penalty per omission.
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What the tax authority sees
A Wyoming LLC held by a Spanish tax resident pays no US federal tax when not ETBUS with no effectively connected income; Form 5472 and pro-forma 1120 (IRC §6038A) are still mandatory yearly.
Beckham Law regime; autónomo alternative comparison
Wyoming LLC is compatible with the Beckham Law special regime for inbound expats; Model 720 disclosure of foreign entity ownership is mandatory over EUR 50,000.
- 01Form 5472 penalty $25,000 per year (IRC §6038A(d))
- 02Model 720 foreign asset disclosure penalty: minimum EUR 1,500 per omission
- 03Beckham Law regime does not cover self-employed foreign entity active income
- 04Spanish CFC rules (Ley 27/2014 art. 100) attribute passive LLC income to resident owner
From filing to funded bank account
US LLC (Wyoming) vs Estonia OÜ (e-Residency)
FAQ
Beckham Law (Ley del Impuesto sobre la Renta de No Residentes special regime) shields non-Spanish-source income during a 6-year window. Active LLC service work performed from Spain may be recharacterized as Spanish-source. Passive LLC returns are safer. Consult an asesor fiscal before assuming full shelter.
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