Delaware, USA vs Wyoming, USA
Company formation costs side by side
EntityLLC (or C-Corp for VC funding)LLC
Legal minimum, year 1£475£164
Legal minimum, per year after£350£67
Typical year 1£1,455£809
Government fee£85 ($110 Certificate of Formation)£77 ($100 Articles of Organization)
Indirect setup£40 to 810£20 to 415
Running per year£350 to 1,540£67 to 962
Share capitalNoneNone
Time to form1 to 3 days (EIN extra)1 to 2 days (EIN extra)
AuditNoneNone
DirectorsNo local director; registered agent in Delaware requiredNo local director; registered agent in Wyoming required
Remote formationFully remote; EIN for foreign owners can take 2 to 6 weeksFully remote; same EIN delay as Delaware
Corporation taxLLC is pass-through; C-Corp 21% federal. No DE tax on out-of-state activityLLC pass-through; no state income tax
Dividend withholding30% (reduced by treaty, 15% UK individual)30% (treaty reduced)
VAT/GSTNo sales tax in DE4% state sales tax if selling in WY
Foreign owner ease4 of 54 of 5
Banking3 of 5. Mercury, Relay, Wise work remotely once EIN is issued; traditional banks want a US visit3 of 5. As Delaware
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